AI-powered Anti-Money Laundering (AML) compliance in finance
AI is fast becoming the key differentiator for financial firms grappling to scale their anti-money laundering compliance. Sure, those who stick to the standard tool suite may still manage to comply. But forward-thinking institutions have been able to increase their accuracy and even spot new risks as they choose to enhance AML efficiency with AI.
Regulatory Wrap episode 72: FCA’s call to action on financial crime
In Regulatory Wrap for the week to October 10, Jay Hampshire summarizes the FCA’s recent speech encouraging collaboration to fight financial crime.
How much can weak cybersecurity structures cost firms?
With cybercriminals ramping up the frequency and complexity of attacks against financial organizations, it’s evident that a lacking security infrastructure can take a significant toll on not just revenue and business operations – but reputation.
Prevent financial crime with real-time compliance monitoring
Since COVID, financial criminals have been on a rampage. FINCEN’s recent research shows rising cases of elder financial exploitation, identity-related suspicious activity, and the explosion of the ransomware landscape. In fact, impersonation fraudsters committed cybercrimes to the tune of $893 million across 2020 and 2021 through business email compromise (BEC).
Regulatory Wrap episode 66: The FCA vs. market abuse
In Regulatory Wrap for the week to July 18, Aarti Agarwal discusses how the FCA has ramped up efforts to tackle market abuse and protect integrity.
The Conduct Chronicles – ‘Lessons from the Farage Bank Account Furore’
Emma Parry reviews the Farage bank closure as a signal for banks to ensure they have proper data retention tools in place, clear rationales and compliance with Consumer Duty obligations to ensure they are prepared for any regulator investigations and good consumer outcomes.
Handling Politically Exposed Persons from a compliance perspective
In an era of heightened financial scrutiny, understanding and managing politically exposed persons (PEPs) has become a critical aspect of compliance in the securities market.
Market manipulation schemes: Understanding price ramping risks
In an era of high-speed trading and complex financial markets, front running remains an ongoing threat to market integrity. But what exactly is front running, and why are regulators so keen to stamp it out?
Non-financial risks
For some compliance officers, risks are like heavy and dark clouds waiting to rain on the business. While some risks may never occur, it’s their responsibility to ensure you pack-a-mac, and put a plan together if the rain comes down.
The Market Abuse Regulation: A complete guide
The Financial Conduct Authority (FCA) has publicly stated that preventing, detecting, and punishing market abuse is one of its core priorities. So how can firms effectively navigate the complexities of the Market Abuse Regulation?
Material non-public information: protect your integrity
Material non-public information is a bit of a mouthful, but you might already know it by another name; insider trading. And the exposure of this sensitive data can result in devastating financial losses and regulatory penalties.