Tag: banks

FinCEN has proposed lowering the “Recordkeeping Rule” and “Travel Rule” thresholds, and although the changes would benefit law enforcement, they ...

Data acquired from the Bank Fines Report 2020 by Finbold.com indicates a total of $15.13 billion (€12.79 billion) in aggregated bank fines last ...

TCS’ Ajay Katara provides insight into how banks and other financial institutions can mitigate risks stemming from climate change, discussing ...

Sponsored Storing data is essential, but with a huge number of electronic communications channels being used today, there is a ...

“In every crisis, an opportunity:” the criminal’s motto, probably. Financial crime compliance consultant Shubham Jain discusses what banks can do ...

Remember the panic around Y2K? Jay Fitzhugh, Chief Regulatory Officer at Mitratech, discusses why we are facing down a similar ...

Sujata Dasgupta explores the emerging concept of perpetual, dynamic KYC and analyzes how AI-powered solutions can form the building blocks ...

Banks have long outsourced certain audits, but banking-fintech relationships are new ground. Brandi Reynolds discusses a persistent problem in bank ...

The pandemic era has ushered in new challenges for financial institutions. Are current risk Identification and control assurance methods enough ...

In the last six months, practically everything has gone digital, creating a mountain of new digital data for fraudsters to ...

The OCC’s latest guidance on cryptocurrency marks a major step forward. Brandi Reynolds explains what Interpretive Letter 1170 means for ...

Justin Daniels and Matthew White of Baker Donelson discuss the OCC’s recent interpretive letter on cryptocurrency and the associated permitted ...