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Top StoriesCoinbase, Binance Resist Calls to Kick Russians Off Crypto Platforms
FinanceWhat Does the Future Hold for Anti-Money Laundering Practices?
BusinessDeloitte Survey: Businesses in the UAE Need to Be Adequately Prepared for the Introduction of Federal Corporate Tax
Top StoriesVisa, Mastercard Block Russian Financial Institutions After Sanctions
The Top Three Threats to post-Covid Fsi Security
Date: March 1, 2022
By Sarah Armstrong-Smith, Chief Security Advisor, Microsoft UK How tech can guard against the most modern forms of cybercrime Throughout the global pandemic, FSI organisations have been under increased pressure to continue to deliver an array of services – they have had to adjust to remote and hybrid working, as well as supporting consumers with...
Developing a Disaster Recovery Plan for Banks
Date: February 28, 2022
Banks and financial institutions are constantly expanding their online presence to meet customer needs. From simple tasks like checking account balances to complex services such as money transactions, customers can do it all in a few steps on their computers or smartphones. However, this advancement in technology is also accompanied by a significant rise in...
European, U.S. Bank Shares Recoup Some Losses; Sector Braces for Slew of Sanctions
Date: February 25, 2022
By Tom Sims and Carolyn Cohn FRANKFURT/LONDON (Reuters) -European and U.S. bank shares on Friday clawed back some of the previous day’s steep losses as the sector starts to get to grips with a slew of sanctions unveiled this week in retaliation for Russia’s invasion of Ukraine, with more due from the European Union imminently....
Bringing a Comprehensive Approach to Cybersecurity
Date: February 25, 2022
Three key areas of focus for the financial services sector this year By Renee Tarun, deputy CISO, Fortinet As last year’s unprecedented rise in cybercrime has illustrated financial services companies continue to be high-value targets for attackers. And that means we have to stay vigilant and focused on what’s coming in order to do everything...
New Russian Sanctions – the Implications for Financial Institutions
Date: February 25, 2022
By Jack Pestill, Royds Withy King As has been widely reported in the news, the UK has announced new financial sanctions against Russia, in response to its military offensive against Ukraine. Governments in the US and the EU have done likewise. These new UK sanctions presently consist of asset freezes against several Russian banks and...
European Bank Shares Jittery as Slew of Sanctions Readied
Date: February 25, 2022
By Tom Sims and Carolyn Cohn FRANKFURT/LONDON (Reuters) – European bank shares remained unsteady on Friday after steep falls a day earlier, as bankers grapple with the potential impact of a slew of sanctions following Russia’s invasion of Ukraine. Shares wavered as missiles pounded the Ukrainian capital and its President Volodymyr Zelenskiy pleaded with the...