Tags: compliance

Australia’s financial crime compliance landscape is set for significant change as AUSTRAC proposes enhancements to its Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) regulations. Following the…

Recent regulatory changes to Sections 6045 and 6045A have expanded reporting requirements for digital asset trading platforms and payment processors, aligning them with traditional securities…

A Hong Kong-based investment management firm has partnered with MyComplianceOffice (MCO) to enhance compliance processes in line with Securities and Futures Commission regulations. By implementing…

The European Commission has introduced the Omnibus Package, aimed at simplifying sustainability reporting for EU businesses. Launched by President Ursula von der Leyen, the package,…

Smarsh has launched the Smarsh AI Assistant for Professional Archive, an innovative tool aimed at enhancing compliance processes for financial firms, particularly small and mid-sized…

The U.S. Department of Labor (DOL) is investigating Scale AI for potential violations of the Fair Labor Standards Act, focusing on issues like unpaid wages…

The RegTech sector is rapidly evolving due to technological advancements and changing regulatory landscapes, initially spurred by the 2008 financial crisis. Stacey English from Theta…

Financial institutions face challenges in creating in-house AI solutions for financial crime compliance (FCC), including prolonged timelines, resource demands, and diminishing returns. In contrast, integrating…

As financial crimes evolve, institutions face challenges in combating money laundering and sanctions evasion, highlighting the need for advanced detection tools. Explainable AI is crucial…

Implementing a proactive Customer Success Programme is crucial for businesses using the KYC Portal, ensuring they exceed compliance objectives in a dynamic regulatory landscape. This…