4483 Results from /regulation
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
Daoud Hadi Lead Data Scientist at Eastnets
Global money laundering is estimated to account for a staggering two to five per cent of the world’s GDP, equivalent to up to $2 trillion. In response, regulatory bodies are tightening the noose on financial crime by implementing increasingly stringent regulations and laws. As they do so, many financial institutions are turning to AI in a bid to sp...
30 November 2023 /regulation /crime
Erica Virlan Vice President at Salt Edge
In the world of auditing, professionals are no strangers to an array of difficult challenges that can sometimes significantly impact their efficiency and accuracy. The journey begins with a limited view of a client's entire financial transaction history, frequently resulting in a laborious process of obtaining further transaction details at a spee...
30 November 2023 /regulation Open Banking
Karim Ben-Jaafar
In the last few years, we’ve seen audit errors cause serious consequences. These aren’t simple fines for late accounts: it’s been impossible to ignore a string of names from the worlds of fashion (Superdry) and advertising (M&C Saatchi) having shares suspended by stock exchanges after missing auditing deadlines. This bigger-picture impact – c...
29 November 2023 /regulation Financial Transformation
Cody Lott Director, NA Corporate and REIT Solutions at Clearwater Analytics
In the ever-evolving landscape of global finance, institutions find themselves managing reporting challenges against changing currency markets, a surge in the U.S. dollar and geopolitical events. As the year comes to a close, the complexities associated with these dynamic conditions demand a closer look. Institutions can glean valuable insights fr...
27 November 2023 /regulation
Stephan Wolf Advisory Board Member at The Open Working Group
The obligations on legal entities to increase their corporate transparency continue to evolve, most notably in ESG and financial reporting. For ESG to be truly credible, however, both as a subset of financial reporting and as a standalone requirement, a global climate information architecture is sorely needed. Creating such an architecture, howeve...
24 November 2023 /regulation /identity Regulatory Reporting
Helen Child Founder & CEO at Open Banking Excellence (OBE)
The PSD2 was a truly historic piece of legislation that laid the foundations for a paradigm shift in financial services. The blockbuster Payment Services Directive 2 planted the seeds for Europe’s thriving Open Banking ecosystem. Now we’re awaiting a sequel. When the PSD3 comes into force at some point in the next five years, it will unlock vast n...
24 November 2023 /payments /regulation Open Banking
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