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Top StoriesBank of America Opens Luxembourg Branch in Europe Funds Push
BusinessGleif and OpenCorporates Expand Partnership to Increase Legal Entity Transparency in Global Markets
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Crypto Firms Will Develop ‘offshore’ Without Clear US Rules, Coinbase Chief Says
Date: April 19, 2023
Crypto firms will develop ‘offshore’ without clear US rules, Coinbase chief says By Tom Wilson and Elizabeth Howcroft LONDON (Reuters) -The U.S. and Britain should make their rules for the crypto industry much clearer to prevent firms from developing in “offshore havens”, the chief of U.S. crypto exchange Coinbase Global Inc, Brian Armstrong, said on...
Risky Business: Fatf Short Lists Identify Global Anti-Money Laundering Deficiencies
Date: April 18, 2023
Three times a year, the Financial Action Task Force (FATF) identifies and documents countries with strong AML controls relating to the FATF 40 recommendations and those without. Those countries with sufficient cause for concern that they have insufficient controls but are committed to improving their controls are added to the FATF watch list, referred to...
Companies Need to Take Preventative Measures in Tackling Corruption and Fraud
Date: April 18, 2023
Viktor Josefsson, Director, Forensic Risk Alliance The requirements for organisations to ensure proper and effective regulatory compliance have become increasingly complex in today’s globalised world. The use of data in everyday business is growing exponentially, throwing up many complexities for corporates to manage, as is the profusion of cyber-attacks both from outside and inside organisations....
A Long-Term Digital Strategy to Boost Financial Services Sales
Date: April 18, 2023
A Long-term Digital Strategy to Boost Financial Services Sales By Brian Cleary, CMO, Pitcher, sales engagement platform provider In 2023, the financial services industry is navigating a number of challenges and remains as highly competitive as ever. Firms struggle to differentiate themselves at the same time that investors’ expectations are skyrocketing. With the proliferation of...
European Privacy Watchdog Creates ChatGPT Task Force
Date: April 13, 2023
European privacy watchdog creates ChatGPT task force By Toby Sterling BRUSSELS (Reuters) -The body that unites Europe’s national privacy watchdogs said on Thursday it had set up a task force on ChatGPT, a potentially important first step toward a common policy on setting privacy rules on artificial intelligence. The move by the European Data Protection...
Bank of England Fines Former Tsb Executive Over 2018 IT Failure
Date: April 13, 2023
Bank of England fines former TSB executive over 2018 IT failure LONDON (Reuters) -The Bank of England said on Thursday it had fined TSB Bank’s former chief information officer Carlos Abarca 81,620 pounds ($102,115) for failing to adequately manage an IT migration in 2018 which led to disruption for millions of customers. The sanction is...