compliance
FinanceWhy Legacy Access Permissions Need to Be of Greater Concern for Financial Organisations
BusinessDon’t Let Entity Structure Hold Back Your Global Expansion Plans
BusinessIncreased Resilience Driving Business Value: The Role of Integrated Data and Analytics in Model Risk Management
FinanceUK Banks Urged to Act Now Ahead of New Cross-Border Payments Legislation to Prevent Exclusion From International Payment Networks
Liminal Custody Secures Key Adgm Fsp License, Reinforcing Leadership in Digital Asset Custody
Date: May 14, 2024
Liminal Custody Secures Key ADGM FSP License, Reinforcing Leadership in Digital Asset Custody Abu Dhabi, Abu Dhabi, May 14th, 2024, Chainwire Liminal Custody, a leading provider of digital asset custody and wallet infrastructure solutions, announced a landmark achievement today, the acquisition of Financial Services Permission (FSP) from the Abu Dhabi Global Market (ADGM) Financial Services...
Why Financial Institutions Need to Set KPIs for Effective AML
Date: May 13, 2024
Why financial institutions need to set KPIs for effective AML AML is weak if banks lack measures for success. They need to set KPIs By Gabriella Bussien, CEO at tech-first financial crime prevention organisation Trapets, a Nordic market leader that has been fighting emerging forms of financial crime for over 20 years. NASDAQ’s recent report...
UK Tells Tech Firms to ‘tame Algorithms’ to Protect Children
Date: May 8, 2024
UK tells tech firms to ‘tame algorithms’ to protect children By Paul Sandle LONDON (Reuters) – Social media platforms like Facebook, Instagram and TikTok will have to “tame” their algorithms to filter out or downgrade harmful material to help protect children under proposed British measures published on Wednesday. The plan by regulator Ofcom is one...
Global Banking Regulators Target Mismanagement in Handling Risks From Clients
Date: April 30, 2024
Global banking regulators target mismanagement in handling risks from clients By Huw Jones LONDON (Reuters) – Global banking regulators on Tuesday proposed stricter standards for banks when assessing risks from customers to avoid the mismanagement highlighted by the collapse of Archegos, and episodes of volatility in commodities and Britain’s government bond market. The Basel Committee,...
Germany’s Struggle to Clean up Its Supply Chains Has Lessons for Europe
Date: April 30, 2024
Germany’s struggle to clean up its supply chains has lessons for Europe By Maria Martinez and Riham Alkousaa BERLIN (Reuters) – German engineering company BAUCH makes machines and engine components out of materials mined in China, Africa or South America that pass through multiple hands and processes before they reach its factories in southern Germany...
Mercedes-Benz Says US Doj Ended Investigation Into Diesel Emissions Scandal
Date: April 29, 2024
Mercedes-Benz says US DOJ ended investigation into diesel emissions scandal BERLIN (Reuters) – The U.S. Department of Justice has closed its probe into the Mercedes-Benz diesel emissions scandal and the car manufacturer is no longer facing charges, the company said on Saturday. Mercedes-Benz cooperated fully with the DOJ, Renata Jungo Bruengger, board member for integrity,...