Financial Services

Labor shortage and increased attention from regulators could spell disaster if AI is deployed like a firehose

Crypto industry falls as sector most targeted for fraud; legal tech market expected to reach $50B by 2027

CCI staff share recent surveys, reports and analysis on risk, compliance, governance, infosec and leadership issues.

Cooperation with investigation and efforts to comply with obligations also considered, agency official say

Regulators are taking a keen interest in how firms deploy AI

Agencies signal that random monitoring is not enough

Family offices, registered investment advisers & private funds could all be included in expanded designation

What’s driving the evolution of financial crime compliance? Market impact report Evolution of Financial Crime Compliance: The People & Tech Imperative What’s in this report from AML RightSource & HFS Research: While financial services firms have been some of the earliest and most extensive adopters of cutting-edge technologies, a scarcity of skilled talent, organizational silos and lack of C-suite support...

Organizations prioritizing cost reduction while ensuring regulatory adherence Annual report True Cost of Financial Crime Compliance What’s in this report from LexisNexis Risk Solutions and Forrester Consulting: Financial crime compliance costs have increased for almost every organization, according to research by LexisNexis and Forrester Consulting, which found that the total cost of fincrime compliance in the U.S. and Canada was...

Huntington avoids larger fine by self-reporting violation

Addressing London’s soft touch on dirty money

‘Blocked’ entities increasingly using corporate bond measures to gain access to financial markets