compliance
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TechnologyAI in Financial Services: Balancing Innovation and Operational Efficiency
Integrating I-9 Verification Software With Your HR Ecosystem: A Blueprint for Seamless Compliance
Date: November 12, 2024
Compliance is one of the most important responsibilities within any HR department, and nowhere is this more evident than in the management of Form I-9. WorkBright’s Remote I-9 Verification process ensures that all employees are legally authorized to work in the United States, as mandated by the U.S. Citizenship and Immigration Services (USCIS). However, manual...
Britain’s Watchdog Fines Metro Bank $20 Million for Control Failings
Date: November 12, 2024
By Lawrence White LONDON (Reuters) -Britain’s Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million) for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions, with avalue...
Fraudsters Shift Focus to AI-Driven Scams, App Fraud Remains Concern
Date: November 11, 2024
AI has significantly enhanced the abilities of fraudsters, making their schemes more efficient and allowing them to evade detection for extended periods. Financial institutions are currently grappling with several major fraud challenges aligned to this scenario. Notes Yuval Marco, General Manager, Enterprise Fraud Management, NICE Actimize, authorized push payment (APP) fraud remain a key concern...
Exclusive-US Ordered Tsmc to Halt Shipments to China of Chips Used in AI Applications, Source Says
Date: November 10, 2024
By Karen Freifeld and Fanny Potkin NEW YORK/SINGAPORE (Reuters) – The U.S. ordered Taiwan Semiconductor Manufacturing Co to halt shipments of advanced chips to Chinese customers that are often used in artificial intelligence applications starting Monday, according to a person familiar with the matter. The Department of Commerce sent a letter to TSMC imposing export...
New ‘On-demand’ ESG Reporting Platform Launches for All Major Sustainability Frameworks
Date: November 8, 2024
London, UK – [31st October 2024] – The leading Sustainability Analytics platform GaiaLens, has launched its new on-demand sustainability reporting product for ESG analysts today. Offering a flexible, monthly subscription-based model, analysts can now access fully automated reporting for all major sustainability frameworks at the click of a button. ESG-related Assets Under Management (AUM) are...
1inch Appoints a New Chief Compliance Officer
Date: November 6, 2024
Dubai, UAE, November 6th, 2024, FinanceWire 1inch is pleased to announce the appointment of Hedi Navazan as 1inch Group’s new Chief Compliance Officer. With a distinguished career spanning both the public sector, digital assets and traditional finance, Hedi brings a wealth of expertise in permissionless security and regulatory compliance and combating financial crime, reinforcing 1inch...