FINTRAC fines five firms over C$350,000 for AML failures
Canada's anti-money laundering (AML) regulator FINTRAC has issued fines totalling over C$350,000 to five firms for multiple breaches of the Proceeds of Crime and Terrorist Financing Act.
Regulatory Unwrapped: Breaking down the FCA’s NFM framework
Join us for a deeper dive into the biggest regulatory trends and challenges firms are facing as we chat with experts and understand how organizations can keep pace with fast-paced compliance changes.
An essential guide to capturing social media communications for FinServ
An essential guide into the most effective way to implement social media capture and monitoring solutions that comply with the rules and regulations set out.
Record C$176 million FINTRAC fine for AML failings
Canada’s anti-money laundering watchdog fined Xelox Enterprises Ltd C$176 million for violating anti-money laundering regulations under the Proceeds of Crime and Terrorist Financing Act.
Capita fined £14 million for data protection failings after cyber-attack
Capita Pension Solutions Ltd has been fined after it failed to properly protect the data of millions of customers after it was hit by a major cyber attack back in 2023.
FCA answers Call of Consumer Duty
The Financial Conduct Authority is updating its Consumer Duty approach to balance consumer protection with reducing compliance burdens on firms. It aims to clarify expectations, support innovation, and ensure fair outcomes.
SEC fines Massachusetts firm $75,000 for Marketing Rule violation
The SEC has fined a firm $75,000 for violating the Marketing Rule and recordkeeping violations, spurring the firms to implement greater compliance protocols.
FCA fines independent traders £280,000 for insider dealing
The FCA has penalized two brothers, working as independent traders, with a large fine and prison sentences for insider dealing. Regulators are not stopping in their pursuit to weed out financial crime, calling on firms to implement the correct surveillance tools.
The Department of Justice’s Corporate Enforcement Policy
Learn more about the Department of Justice's updates to its Corporate Enforcement Policy in our latest whitepaper, and how AI-enabled communications surveillance can allow your firm to stay ahead of regulatory enforcement by detecting and flagging misconduct quickly and efficiently.
Debunking the latest LLM myths
Skepticism around LLMs is common within the financial services industry, however, much of this is based on outdated or inaccurate assumptions. Global Relay's SME sits down to unpack what modern LLMs can actually deliver.
The FCA is standing on business to tackle market abuse
The FCA is intensifying its crackdown on financial crime, handing out long prison sentences, as part of its broader strategy to restore trust and integrity in the market.