compliance
BankingBanks and Fintechs Are Done Competing: How Their Partnerships Will Expand in 2023
BusinessMusk Warns of Twitter Bankruptcy as More Senior Executives Quit
FinanceLet’s Get Fiscal – How to Understand R&d Tax Claim Eligibility
TechnologyData Lakes Are Dead. Long Live Data in Motion
Are Banks Losing the Arms Race Against Criminals Regarding Aml?
Date: November 10, 2022
By Jo Priestley, Head of Financial Crime Expertise · Efficient Frontiers International According to the NCA, money laundering has the potential to become a national security issue due to London’s role in the global financial system[i]. It is not being taken lightly. Before, perceived deficiencies in anti-money laundering (AML) systems and controls would result in a substantial fine...
Why Digital Transformation Is the Key to Successful KYC of the Future
Date: November 10, 2022
By Howard Wimpory, KYC Transformation Director, Encompass The evolving financial crime landscape For decades, expanding regulations have been imposed on the financial services sector to tackle the universal issue of preventing financial crime. During the last few years, particularly, as the cost of non-compliance, including the issuing of increasing fines, has been evident, banks have...
Consumer Duty: An Opportunity to Leverage the Power of Data
Date: November 9, 2022
By Nelson Wootton, CEO and Co-Founder at SaaScada The introduction of the FCA’s Consumer Duty could be seen by many in financial services (FS) as another set of hoops to jump through, whilst donning their SM&CR flak jacket and KYC hat. But in this case, they are wrong. If anything, Consumer Duty is challenging FS firms to...
Firms Should Address Vulnerabilities Ahead of the Digital Operational Resilience Act (dora)
Date: November 9, 2022
By Alexandre Vandeput, ICT Risk Lead, Capco The abundance of virtual data, so integral to the financial services industry, presents some clear dangers to the safety of our money and personal information. At a time when digital vulnerabilities could lead to serious and potentially widespread disruptions to banks’ own systems, regulatory bodies are increasingly focusing...
Solving the Ongoing Skills Shortage Within the Tax Industry
Date: November 9, 2022
By Russell Gammon, Chief Solutions Officer at Tax Systems The Covid pandemic accelerated a shift in outlook and working practices of businesses in all sectors, not least the finance sector. With the influence of technology and a digital-expert generation of workers, the tax career roadmap is being completely redefined. The importance of digital skills when...
Bosch Agrees to Pay $25 Million to Settle California Diesel Emissions Probe
Date: November 8, 2022
By David Shepardson (Reuters) -German auto supplier Bosch has agreed pay $25 million to resolve California’s probe into the company’s role in the diesel emissions scandals at Volkswagen and Fiat Chrysler, the company and state said Monday. The settlement, which is subject to court approval, resolves allegations Bosch participated in misconduct by providing hardware, software,...