FCA slaps HSBC with ?63.9m fine for AML failings
The Financial Conduct Authority (FCA) has fined HSBC Bank ?63,946,800 for failings related to its anti-money laundering processes.
CBDCs could be the ‘holy grail’ of cross-border payments, claims ECB
A new paper by the European Central Bank (ECB) has said CBDCs could be the answer to a ‘thousand-year search for the holy grail of cross-border payments’.
Hong Kong seeks global ESG standard adoption to reduce greenwashing
The chairman of Hong Kong’s Securities and Futures Commission (SFC) has revealed the regulator is looking to adopt global ESG standards to prevent cases of greenwashing.
Value of AML fines grow fivefold in 2020
There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.
US secretary of state has some ideas on how to regulate cryptocurrencies and he...
Michael Pompeo, the US secretary of state, believes cryptocurrencies and financial transactions should be regulated the same way.
Does automating your controls testing benefit your company?
A recent post by RegTech firm Diligent has detailed how by automating your internal controls testing you can better reach your goals.
Enterprise API security startup Noname Security inks $60m on the back of its Series...
Six months after emerging from stealth mode with $25m in funding, US-Israeli= based API security company Noname Security raised a $60m a Series B led by Insight Partners.
Is there a rising challenge of AI-driven cyber attacks for SMEs?
Recent hearings have shed light on the growing concern of artificial intelligence (AI)-enhanced cyber threats, particularly for SMEs.
Hardware security firm Axiado nets $25m Series B
AI-driven hardware security company Axiado has closed an oversubscribed Series B round at $25m
Ascent unveils new automated regulatory monitoring tools to boost businesses’ compliance efforts
Having been named one of the most innovative RegTech companies in the world by taking a place on the coveted RegTech100 2020 list, Ascent is now revealing a new solution to improve business compliance.
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