Financial Services

COVID-19 has caused a significant shift in the way financial institutions are doing business. Fenergo’s Rachel Woolley discusses what they must do now in order to minimize financial crime. As seen in a recently released report, the penalties issued to...

Gavin/Solmonese’s Anne Eberhardt explores the opposition to the Corporate Transparency Act of 2019, stemming in part from privacy concerns and worry over the potential compromise of preserving market competitive forces. On October 22, 2019, the House voted to pass the...

Firms need not throw away long-established governance principles to adapt to AI/ML. Rather, as Mayer Brown’s Reginald Goeke, Stephanie Monaco and Leslie Cruz share, companies can modify their existing model risk management systems to address issues raised by AI/ML tools....

The global economy is facing an unprecedented threat; though we are just a few months into the pandemic, it has already disrupted markets far and wide. In the financial markets, the impact is clearly visible across the financial value chain....

Sujata Dasgupta provides an analysis of the upcoming Dutch AML utility – currently under feasibility study – and how it can open up a new world of possibilities in unified transaction monitoring. In the wake of rapidly rising financial crimes,...

The environment for regulatory disclosure management has become increasingly complex in the financial services industry. Messagepoint’s Patrick Kehoe discusses the compliance issues institutions of all sizes face, along with best practices for meeting those challenges. Each time a financial services...

What’s next for corporate compliance officers as they navigate balancing regulatory changes, technological advancement, digital fraud and higher customer experience expectations? OneSpan’s Michael Magrath shares his top corporate compliance predictions for the financial services industry in 2020. The regulatory landscape...

Many global banks and financial institutions would have been delighted if the adage “the numbers speak for themselves” held true to its meaning; it’d save them from deciphering the numbers they generate constantly for various internal and regulatory reporting activities....

As customers increasingly prefer to do their banking via smart devices, it’s time for banks to modernize their approach to customer due diligence. Financial crimes compliance expert Sujata Dasgupta provides a deep dive on smart ID&V solutions for KYC compliance....

The Financial Industry Regulatory Authority (FINRA) has issued its latest report, and the findings could be significant for financial services firms. Theta Lake’s Marc Gilman discusses what organizations need to know. The publication of FINRA’s Report on Examination Findings and...

A compliance officer’s job can be complicated enough, but some financial institutions impose hardship by having too many disparate solutions working on the same problem. CaseWare RCM’s Eric Hansen explains why working in these compliance silos can make it more...

As compliance regulations grow in complexity, organizations will need to both protect their reputation and avoid costly enforcement actions. LexisNexis Risk Solutions’ Leslie Bailey discusses how best to manage the challenge. Anti-money laundering (AML) compliance costs have continued to increase...