4442 Results from /regulation
Barley Laing UK Managing Director at Melissa
Supporting criminal activity and risking substantial fines from regulators that also damage their reputation are not things any financial institution aspires to. Yet many are exposing themselves to such risks because they are not doing enough to prevent money laundering. With digitalisation creating new opportunities for money laundering to take p...
08 December 2023 /regulation /inclusion Digital Identity Management
Mete Feridun Chair at EMU Centre for Financial Regulation and Risk
Subsequent to a joint discussion paper (3/22 – Operational resilience: Critical third parties to the UK financial sector) published in July 2022, the Bank of England (the Bank), Prudential Regulation Authority (PRA) and Financial Conduct Authority (FCA) issued joint proposals on 7 December 2023 to increase resilience of the financial sector by ov...
08 December 2023 /regulation /cloud Outsourcing Banking, Financial Services Operations
Domenico Scaffidi Payments Industry Expert -CEO & Founder at DS Payments Ltd
Let’s start saying veterans like me haven’t been surprised that much reading the EPC bulletin on SEPA Migration to the 2019 version of ISO 20022, announcing the decision to postpone the go live. People like me with grey hair can’t forget the time when SEPA went live, where for almost one week no one of us left our desk in the office, trying to fix...
08 December 2023 /payments /regulation Financial Services Regulation
Nick Green Director at Purple Patch Broking Ltd
With almost half of UK adults having used BNPL, lenders face a key challenge: the varied data reporting practices among BNPL providers and CRAs. In this piece, we'll explore the rapidly growing BNPL market, and shed light on the disparities in data reporting and the implications for the credit industry. The rise of BNPL in the UK market BNPL has...
07 December 2023 /regulation /retail Banking
Raj Bakhru CEO at BlueFlame AI
Alternative investment managers recognize the potential of AI and have spent 2023 experimenting with the multiple tools available. Unfortunately, while everyone has seen the power of ChatGPT and personal tools, most have struggled with how to make this usable in their work lives. In many cases there have not been clearly enough defined objectives,...
06 December 2023 /regulation /predictions Alternative Investments
Ronen Cojocaru CEO and Co-Founder at 8081.io
The recent paradigm shift towards a more regulated and trustworthy environment by the Securities and Exchange Commission (SEC) lays an important foundation for retail users and institutions to wholeheartedly re-embrace the emerging era of digital assets and spark renewed interest in ETFs. To comprehend what is driving this it is crucial to rea...
05 December 2023 /regulation /crypto Cryptocurrency Insights
Francesco Fulcoli Chief Compliance and Risk Officer at Flagstone
Francesco Fulcoli - Chief Compliance Officer and MLRO The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 require the UK regulated sector to apply enhanced customer due diligence in relation to high-risk third countries. Regulation 33(1)(b) of the MLRs requires regulated businesses to apply en...
05 December 2023 /payments /regulation Fintech
Steve Marshall Director of Advisory Services, at FinScan
Those of us in the financial crimes compliance profession look at the current fiasco with Binance’s recent money laundering guilty plea (among many other accusations) and ask ourselves “How could this happen?” We believe that with contemporary policies, procedures, and technology, this could not happen. But it can—and does—when we forget that key ...
04 December 2023 /regulation /crime
Alexandre Semenov Customer Solutions Lead at SAS
July 1, 2025 marks the scheduled implementation date for the forthcoming regulatory adjustments. Since its launch in September 2017, the Office of the Superintendent of Financial Institutions (OSFI) has embarked on a commendable journey towards instating standardized protocols within the financial industry. These initiatives have, over time, contr...
04 December 2023 /regulation /predictions Regulatory Reporting
Chiara Gelmini Industry Principal Director - Customer Risk & DD at Pegasystems
The two challenges everyone experience and the two answers you have been looking for in financial crime management The financial industry is under constant scrutiny from regulatory bodies, pushing for rigorous compliance with Know Your Customer (KYC), Anti-Money Laundering (AML), and Anti-Financial Crime (AFC) regulations. As we all know, these reg...
01 December 2023 /regulation /crime Artificial Intelligence and Financial Services
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