compliance
TechnologyFSIs Must Continue to Ramp up Their Digital Transformation Efforts to Drive Innovation, Cybersecurity and Execute on Net Zero
TechnologyPoor Data Quality Is Giving Financial Institutions the Stick
Top StoriesBarclays Latest Global Bank Ensnared in U.S. ‘Whatsapp’ Probes
TechnologyImplementing International Regulations From a Tech Perspective: Lessons From the Union Customs Code and Brexit
Helping Financial Services Better Protect Their Valuable Data in the Cloud
Date: July 26, 2022
By John Michael, CEO, iStorage looks at the challenges around data storage and security for financial services organisations and discusses the tactics that can help them mitigate risk. Financial services organisations collect and process a vast amount of data. Gartner defines this big data as being high-volume, high-velocity and/or high-variety information assets that demand cost-effective,...
Advancing Aml: Why Ultimate Beneficial Owners Must Be Properly Identified
Date: July 26, 2022
By Joost van Houten, CEO of Sentinels In March 2022, global regulatory watchdog the Financial Action Task Force (FATF) adopted amendments to Recommendation 24 (R.24) of its 40 Recommendations that govern global anti-money laundering (AML) policy. This concerns Ultimate Beneficial Ownership (UBO), i.e., the person who profits from money moving into or out of a...
U.S. Watchdogs Scrutinise UBS Over Staff Messaging
Date: July 26, 2022
ZURICH (Reuters) – U.S. regulators are looking into whether UBS Group properly documented communications among staff as part of a wider probe of the sector, the Swiss bank said in notes to its second-quarter results on Tuesday. Last year, Reuters reported that the U.S. Securities and Exchange Commission (SEC) was looking into whether Wall Street...
What Security Means for Financial Institutions in a Digital-First Economy
Date: July 25, 2022
By Ross Brewer, Vice President and General Manager of EMEA and APJ for AttackIQ, touches on how financial institutions can build a threat-informed defence and navigate the current compliance space. Ransomware continues to proliferate in today’s ever-expanding digital economy, hindering companies’ and Governments’ abilities to ward off threats. The highest number of ransomware attacks has...
Tesla Raises Spending Plan, Discloses New Subpoena on Musk’s 2018 Tweet
Date: July 25, 2022
(Reuters) – Tesla Inc has increased its capital spending plan by $1 billion, the electric automaker said in a regulatory filing on Monday that also disclosed a second subpoena related to Chief Executive Elon Musk’s go-private tweets in 2018. The company now expects to spend between $6 billion and $8 billion this year and each...
How Do We Debias Ai?
Date: July 22, 2022
By Nigel Cannings, CTO at Intelligent Voice Artificial Intelligence (AI) has quickly become integrated into wide-ranging day-to-day processes, from customer services and recruitment profiling to financial services, and even medical practices. It’s an incredibly useful tool and it has streamlined and enhanced many areas of life and business. But many people forget that AI is...