Dark Clouds: Capital One Proves Financial Institutions Can’t Rely on Providers for Security
Going by the online handle “erratic,” a former Amazon software engineer conducted an extensive hacking scheme that gave her access ...
Tag: Banking
Lifting All Boats in the Investment Banking Ecosystem Means Scaling the Trust Layer
The U.S. government places extensive regulations on investment banking and related activities, including the use of technology. And while this ...
Where Central Banks Stand on Digital Currency
Clamored for in Europe, already implemented in China, Central Bank Digital Currencies (CBDCs) are viewed by many American leaders as ...
Between Scylla and Charybdis: Chinese Banks Navigate PRC Secrecy Laws and US Subpoenas
Wendy Wysong and team discuss a recent U.S. court ruling that reinforces the well-understood rule that non-U.S. banks with branches ...
How Shell Companies Might be Circumventing FinCEN’s Beneficial Ownership Rule
FinCEN issued the final rule on customer due diligence on the heels of the Panama Papers scandal, and we’re now ...
Uncovering the Data and Compliance Issues Banks Face Today
Advancements in technology have transformed the horizon of financial services, but these innovations are also raising challenges of their own ...
PWC: Metrics By Design
A Practical Approach to Measuring Internal Audit Performance At a glance Expectations of Internal Audit are rising. Regulatory pressure is ...
Surpassing 2 Million Messages, SWIFT gpi is the New Standard in Cross-Border Payments
With SWIFT gpi, corporate treasurers around the world are getting a better payments experience from over 120 leading transaction banks ...
Banks Worldwide Amass $15B in Fines in 2020, U.S. Banks Account for 73%
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 ...
Biden’s Inauguration Heralds a New Era in Financial Regulation
Known for its “America First” policy, the Trump administration led a push to roll back financial regulatory measures. As Acuity ...
The Most Significant Change to AML Rules Since the Patriot Act
Anti-money laundering laws have now seen the most significant reformation of the Bank Secrecy Act since the adoption of the ...
FinCEN’s Proposed Changes to the Recordkeeping and Travel Rule Thresholds
FinCEN has proposed lowering the “Recordkeeping Rule” and “Travel Rule” thresholds, and although the changes would benefit law enforcement, they ...
