All Financial Regulation & Compliance articles – Page 3
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News
FCA warns of hybrid working practices
The UK’s financial regulator, The Financial Conduct Authority (FCA) has released a new guidance on remote or hybrid working expectations for firms.
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News
US financial firms tread carefully in Afghan dealings
With a designated terrorist group the Taliban now in charge of Afghanistan, US banks and other financial service companies are being extra cautious in business they have in the country to avoid breaching sanctions on the Islamic group.
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News
Bipartisan US bill will treat digital assets as commodities
U.S representatives have reintroduced a bill that will define and establish how federal regulators should handle cryptocurrency.
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Webinar
Tackling the Expanding ‘Shadow IT’ Environment
The ever-growing extension of the official IT environment is one of the biggest challenges for digital forensics practitioners today.
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Webinar
Instant payments need instant screening
Everyday millions, if not billions, of transactions flow through the financial system. At the same time the consumer and commercial demand for instant payments is increasing, shrinking the transaction processing window.
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News
EC ‘to set up AML body’
The European Commission is said to be proposing establishment of the Anti-Money Laundering Authority (AMLA), plus closer supervision of crypto-assets, in response to calls for tougher action against dirty money.
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News
Binance aims for regulatory compliance, says CEO
Online cryptocurrency exchange Binance is determined to follow local rules wherever it operates, says CEO and founder Changpeng Zhao.
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News
Pakistan establishes AML/CTF unit
The National Accountability Bureau, Pakistan’s anti-corruption watchdog, has set up an anti-money laundering and terror financing team (AML/CTF) to check financial crimes and illegal transfer of resources.
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News
Head of Guernsey’s new financial crime agency seeks tougher powers
Kevin Davis, director of the Economic and Financial Crime Bureau in Guernsey, is working on acquiring greater powers to seize illegally acquired cash and property.
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News
UK’s financial watchdog bans cryptocurrency trader Binance
The Financial Conduct Authority (FCA) has prohibited Binance Markets Limited (BML) from undertaking any regulated activity in Britain.
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Video
FinCrime’s Wider Responsibility- Environmental, Social and Governance Reporting in FinCrime Compliance A presentation by Michael Rasmussen
In a world increasingly concerned with nurturing sustainability, businesses now take a greater interest in the wider impacts that they have on the environments and societies in which they operate.
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Video
From Regulator to Crisis Manager: A conversation with James H. Freis, Jr. - former CEO of Wirecard AG
Faced with fines and censure for financial crime failings over recent years, several major financial institutions have recruited senior figures from the regulatory world, along with their reputations for integrity, to help them tackle the problem.
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Video
The Key to FinCrime? Encryption, Privacy Enhancing Technologies and the data-sharing challenge
A common refrain amongst FinCrime professionals is that it would be easier to take on the criminals if they were more readily able to share sensitive information between organisations.
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Video
From Siloes to Systemic Solutions: FinCrime Utilities - Long term solutions?
FinCrime professionals often argue that one of the major challenges they face is the fragmentation of the anti-FinCrime effort: not only between the public and private sectors, but between firms themselves.
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Video
Cultural Capital - Can we achieve a positive FinCrime ‘compliance culture’?
For most of the last decade, regulators have encouraged financial institutions to instil a positive compliance culture amongst staff to help ensure that they meet their FinCrime obligations. ‘Tone from the top’ is a phrase that has often been invoked to emphasise the need for business leaders to lead the way for their teams in this.
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Video
Above the Law? The challenge of bringing financial criminals to justice
The social restrictions of the COVID-19 pandemic have been a major impediment to financial criminals, who rely on easy access to the financial system to move dirty money.
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News
Malta’s ‘wild west’ beginnings as blockchain island catch FAFT’s eye
Members of the Financial Action Task Force (FAFT) have voiced concerns about the estimated €60bn ($71bn) of cryptocurrency and other virtual assets which moved through Malta in a ‘wild west’ period after the government declared the country a blockchain island in 2017.
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News
World Economic Forum issues guide to combat financial crime
The World Economic Forum (WEF) has published the Unifying Framework, self-regulatory guidelines for private-sector intermediaries known as gatekeepers who are able to prevent or interrupt illicit financial flows.
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News
South Africa to revise its stance on cryptocurrency
South African regulators are now rethinking how they classify cryptocurrencies following the high levels of retail interest in crypto in the country.
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News
El Salvador to make Bitcoin legal tender
El Salvador’s president has announced that he will make the Bitcoin cryptocurrency a legal tender in the country.