Tag: Regulatory Technology
Five major hurdles financial institutions face in client onboarding
A survey conducted by Muinmos has shed light on the significant hurdles financial institutions face during client onboarding.
How Verizon and Theta Lake are revolutionising SMS compliance in finance
In today’s digital age, reliable communication networks are vital for business operations, especially in the financial sector.
Unlock the advantages of ETFs: Trading flexibility, lower costs, and tax...
Exchange-traded funds (ETFs) offer numerous benefits over traditional mutual funds, from trading flexibility to cost efficiency and favorable tax conditions. ACA Group, a provider of scalable compliance, risk and technology solutions, recently explored the potential benefits of an ETF.
Exploring Australia’s AML reforms: Napier AI’s take on simplifying compliance
The Australian Government recently unveiled a consultation aimed at overhauling its AML and CTF strategies.
The critical role of perpetual KYC in modern risk management
In today’s rapidly changing regulatory environment, financial institutions are under increasing pressure to manage risks effectively.
A transformative approach that has gained traction is Perpetual...
Streamline KYC and AML processes with Muinmos’s AI solutions
In the dynamic world of finance, client onboarding challenges abound, driven by the need to balance enhanced customer experiences against stringent compliance requirements.
New partnership between BIS and MAS targets climate risks in finance
The Bank for International Settlements (BIS) and the MAS have recently collaborated on an innovative initiative.
Leveraging technology for improved CRS compliance in Taiwanese FIs
The Common Reporting Standard (CRS) has significantly impacted financial institutions (FIs) globally, aiming to enhance tax transparency and cooperation among jurisdictions. Taiwan's Ministry of Finance, in a report issued in May 2024, highlighted several ongoing deficiencies in Taiwanese financial institutions' adherence to these requirements.
Navigating regulatory challenges amidst shifting global trends
As 2024 progresses, regulators worldwide find themselves increasingly busy, grappling with the dual challenges of an ever-changing geopolitical landscape and the rapid evolution of...
Expanding global cooperation: How new jurisdictions commit to CRS exchanges
On 23 April 2024, the Organization for Economic Co-operation and Development (OECD) published a pivotal update, listing jurisdictions newly committed to the Automatic Exchange of Information (AEoI) and CRS Reporting. Taina Tech, which offers a fully automated FARCA and CRS validation platform, has recently commented on what these changes mean.
