Legacy data sets holding back FI AML compliance teams
Banking

Legacy data sets holding back FI AML compliance teams

6d | By Aoife Morgan, Journalist

Legacy data sets holding back FI AML compliance te...

The fast-pace changes taking place in the anti-money laundering (AML) regulatory landscape, partially prompted by the scale of money laundering scanda...

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MMFs to come under shadow banking, CRD 4 reporting rules as EU rushes to tighten scrutiny on the sector
Asset management

MMFs to come under shadow banking, CRD 4 reporting rules as EU rushes to tighten scrutiny on the sector

2m | By Tom Lemmon, Reporter

MMFs to come under shadow banking, CRD 4 reporting...

Money market funds (MMFs) will be considered as shadow banking entities and fall under the relevant banking regulations at least until European lawmak...

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Financial institutions blocking regtech progress despite new regulatory efforts, analyst warns
Asset management

Financial institutions blocking regtech progress despite new regulatory efforts, analyst warns

2m | By Tom Lemmon, Reporter

Financial institutions blocking regtech progress d...

Increased regulatory endeavours to acknowledge the growing regtech industry will fall flat if investment banks and other financial players keep shunni...

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Manual AML processes lead to poor quality SARs
Banking

Manual AML processes lead to poor quality SARs

2y | By Rebekah Tunstead, Reporter

Manual AML processes lead to poor quality SARs

Anti-money laundering (AML) Suspicious Activity Reports (SARs) are of poor quality due to the reliance on manual processes, according to Martina King,...

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