All Financial Regulation & Compliance articles – Page 4
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WebinarInvestigative screening: How adverse media and other external data sources can be combined to make fast and effective risk decisions
Recent events have encouraged financial institutions and their regulators to pay closer attention to the role of adverse media (also known as negative news) screening in AFC risk management. But adverse media screening alone is not a panacea, and there are a range of other external data sources that can be leveraged to improve the process of alert resolution.
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FeatureCrypto Service Sanctioned In a Complex and Evolving Risk Landscape
Image Source: Imgur - The US Treasury Department has sanctioned a “virtual currency mixer” for failing to prevent money laundering by foreign cybercriminals. The developer behind the project was arrested in Amsterdam two days after the sanction was announced.
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FeatureLaw Firm Fines Quadrupled Over Two Years, Mostly Due to Money-Laundering Compliance Failings
Data from the Solicitors Regulatory Authority (SRA) shows a substantial increase in the number and amount of fines issued to law firms. A look at the data reveals the main cause of the increase: law firms are failing to meet their obligations to detect and prevent money laundering.
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FeatureThe Crackdown on the Illicit-Finances Aiding Oligarchs
The United States Department of Treasury has outlined actions it plans to take to address illicit finance, saying Russia’s invasion of Ukraine had underscored the need to close regulatory loopholes and step up the fight against related financial crime and transnational corruption.
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VideoThe comparison between the EU’s July 2021 AML reform proposals and the current US AML regulations
In July 2021, the European Commission proposed a package of reforms to the EU’s anti-money laundering and countering the financing of terrorism (AML/CFT) rules.
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VideoKey Elements of an Effective Global AML/KYC Compliance Programme in 2022
An effective AML/KYC programme must meet complex regulatory requirements and adapt to an ever-changing financial crime landscape.
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VideoAML Transaction Monitoring: Creating a Strong Governance Framework
A strong AML transaction monitoring framework is vital in today’s anti-financial crime environment. But there are many challenges to navigate, including meeting regulators’ expectations, measuring effectiveness and acheiving consistency across multiple jurisdictions.
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VideoGetting to Grips With The Complex Web of Financial Crime
The modern financial crime landscape is complex, international and evolving.
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NewsInvestors warn European companies over climate accounting
Volkswagen and BP are among 17 of Europe’s largest companies to have been warned by 34 investors over their accounting of climate risks.
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NewsRussia readies roubles for bondholders as debt default looms
Russia moved closer to defaulting on international debts this week, prompting a move to hoard roubles to pay international bond holders that need to be repaid in dollars.
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VideoUnderstanding the Economic Crime Bill and what it means for you
Understanding the Economic Crime Bill and what it means for you
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VideoThe State of Crypto Regulations 2022 and Beyond: Focusing on the USA and Europe
A discussion of how well regulators are actually doing - beyond the rhetoric - in terms of supporting and promoting regtech solutions for crypto, and how the private sector would engage with regulators on the topic.
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VideoGetting Ahead and Staying Ahead of Crypto Regulations in 2022
Investment, it is crucial to assess their potential role within a portfolio – such as diversification benefits and return enhancement – versus the risks, which include volatility, liquidity, and regulation, among others.
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NewsDay two at FinCrime Global explores crypto-regulation and the EU’s anti-money laundering tactics
FinCrime Global’s second day delivered more expert insight for financial leaders and senior practitioners working within financial crime.
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VideoFinTech and AML Regulations: A look at the year ahead
Anti Money Laundering compliance in FinTech is a regulatory requirement in the majority of the countries in order to prevent financial crime including money laundering and terror financing. FCA, FINMA and AUSTRAC are some of the major regulatory bodies across the world and all FinTech companies have to abide by the laws, this session looks at what regulations are in place and what 2022 will hold.
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VideoUS Policy Developments and their Impact on Cryptocurrency and CBDCs
Robert Bateman, Head of Content at GRC World Forums, talks to Amanda Wick, former FinCEN and DOJ attorney about the impact of President Biden’s recent executive order on Central Bank Digital Currencies (CBDC) and the challenges of regulation and enforcement.
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VideoAn Examination of the Geopolitical Landscape in 2022 and What This Means for Compliance Programmes
Our opening panel will examine the geopolitical landscape of the year ahead. We will offer an analysis of the state of play between world economies and the rise of economic and trade restrictions to fight human rights abuses, terrorism and the spread of weapons of mass destruction.
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VideoWhat’s Next For FinTech? What’s on Offer Presently and What Does the Future of FinTech Hold for Financial Crime Professionals?
Fintech has produced a flurry of innovation in recent months, from new payment platforms to robo-advisers, coloured coins to smart contracts and more. While these applications have the potential to deliver financial services faster and more securely, they come with their own financial crime and compliance challenges. Running parallel, some in the fintech sector are also working on tools that could potentially reshape key compliance processes, is always a daunting task.
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VideoNew Machine Learning, Financial Crime & Tax Evasion Risks in 2022: A Deep Dive Into The Key Learning Points for Your Compliance Programme
Businesses have to follow quite a few requirements which this session will take a look into including: · Effective reporting · Staying aware of high-risk customers · A compliance officer in the team
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NewsEurope to toughen up on crypto transfers to close net on financial criminals
The European Union is making moves to shore up security around the transfers of cryptocurrency as part of a programme of measures designed to enhance governance and control in the rapidly evolving crypto sector.
