Most Popular Content – Page 3
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VideoAre You Biased? How Fair is AI Use in Your HR Processes? (Sponsored by Manetu)
AI is a useful tool to help with HR Processes such as recruitment screenings of CVs, social media and personality tests, and processing performance data, automating parts of the onboarding process, agile learning and workplace data analysis.
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NewsCouncil of Europe calls for urgent action to improve FIUs across continent
The Council of Europe (CoE) has called for its 47 member states to strengthen their Financial Intelligence Units to improve anti-money laundering and counter-terrorism financing.
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BlogUnexplained Wealth Orders (UWOs) – under-used and under-valued?
The United Kingdom’s Unexplained Wealth Orders have so far failed to live up to the hype, argues Nicola Sharp
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NewsEDPB finds UK and EU data protection laws are strongly aligned – but some concerns remain
The European Data Protection Board (EDPB) has found many aspects of the United Kingdom’s data protection framework to be ‘essentially equivalent’ to the European Union’s but has also recommended several areas are further assessed.
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NewsFincrime experts warn compliance teams to step up efforts in face of new US sanctions
The United States has announced fresh sanctions on Russia, in retaliation to Moscow’s alleged interference in elections and cyber-attacks including the SolarWinds hack.
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NewsPrivacy tops anxieties over digital Euro, poll finds
Payments remaining a private matter emerged as the leading concern Europeans have about proposals by the European Central Bank (ECB) to introduce a digital Euro.
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Q&AFinCrime Job Focus: Cameron Brown QC
In our latest Q&A, Cameron Brown talks about expanding electronic crime and increasingly sophisticated fraud
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NewsBusiness Update: IBM to Acquire myInvenio to help Organizations Use AI-powered Automation
Addition of myInvenio provides customers with a comprehensive AI-powered automation portfolio for business automation - including process mining, robotic process automation (RPA), document processing, workflow, and decisions - all built on Red Hat OpenShift (Press Release)
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NewsScale and complexity of laundering activity in Europe ‘underestimated’ warns Europol
Money laundering in the European Union is more widespread and more complex than previously thought, Europol has said in a detailed analysis of crime threats.
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NewsNew Zealand’s central bank to set up AML department
The Reserve Bank of New Zealand (RBNZ) is establishing a standalone, enforcement department covering compliance in anti-money laundering (AML) as well as the banking, insurance sectors.
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NewsCourt rules Google misled users about collection of location data
Australia’s Federal Court has found that Google misled consumers about personal location data collected through Android mobile devices in 2017 and 2018.
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NewsPair of AML experts charged in US over $1bn of high-risk transactions
Two anti-money laundering (AML) compliance professionals are facing charges in the United States (US) over facilitating high-risk transactions through a credit union without appropriate controls.
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NewsChinese court upholds landmark facial recognition data ruling
A court in China has upheld a ruling forcing a zoo operator to delete a visitor’s facial recognition data, in what has been described as a key judgement for data rights in the country.
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NewsDanske Bank CEO resigns after being named suspect in ABN Amro AML investigation
The Chief Executive of Danske Bank has resigned due to being named as a suspect in an investigation into anti money laundering (AML) legislation breaches at rival bank ABN Amro.
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NewsABN Amro pays €480 million to settle anti-money laundering investigation out of court
The Dutch bank ABN Amro has accepted an offer from prosecutors to pay €480million to settle accusations of structural anti-money laundering compliance failures and ‘culpable’ money laundering.
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NewsBusiness Update: Cisco Acclaimed by Frost & Sullivan for Offering Unprecedented Visibility and Security
Cisco’s platform breaks down the silos between cybersecurity teams and systems, allowing seamless collaboration between IT and OT personnel to protect industrial operations against cyber threats (Press Release)
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AnalysisCan you help US federal regulators understand AI?
With the use of Artificial Intelligence in anti-financial crime and other areas predicted to boom, United States federal regulators are scratching their heads and wondering what it means for compliance. They have asked for your help through a public Request for Information. Here is what they are wanting to know.
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NewsCity of London calls for action to boost regtech growth
The City of London Corporation has called for urgent action to tackle barriers to the growth of regulatory technology, including the establishment of a collective ‘industry voice’ to represent the United Kingdom regtech sector.
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NewsTikTok faces claim for billions in UK child privacy lawsuit
Video-sharing app TikTok and its Chinese parent ByteDance is facing a damages’ claim worth billions of dollars in a British court case over allegations they illegally harvested private data of millions of European children.
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NewsApple to roll out App Tracking Transparency privacy feature next week
Tech giant Apple has confirmed it will start rolling out an update to its iPhone operating System, including its App Tracking Transparency (ATT) feature next week.
