Two Firms Fined for Their Repeated Failure to Submit AML Returns to the DFSA by the Set Deadlines
- 3 years 8 months ago
- Compliance
The Dubai Financial Services Authority (DFSA) has today published Decision Notices against two firms, imposing financial penalties of USD 5,600 and USD 8,400 respectively, after a settlement discount. Were it not for the settlement, the DFSA would have imposed financial penalties of USD 8,000 and USD 12,000 respectively.
Encompass Launches Landmark Whitepaper Unveiling Key Trends in Financial Crime Compliance
- 3 years 8 months ago
- Compliance
Encompass Corporation, the provider of the leading Know Your Customer (KYC) automation platform, has published a landmark whitepaper analysing trends in financial crime compliance across 2022 and providing an understanding of what they mean for banks in 2023.
Eventus Closes Out Record Year, with Significant Plans for Enhancing Validus Platform in 2023
- 3 years 8 months ago
- Compliance
As financial markets compliance professionals faced some of their toughest challenges to date, Eventus – a leading global provider of multi-asset class trade surveillance and market risk solutions – today said that the firm continued its significant growth trajectory in 2022 with another record year.
Ideagen Support Auditors to Help Prevent ‘Greenwashing’
- 3 years 8 months ago
- Compliance
‘Greenwashing’ is becoming an increasing concern for companies globally - but complying with complex and evolving environmental, social and governance (ESG) regulations can be a challenge for time-poor sustainability, compliance and audit professionals. Keen to offer a solution, UK-based tech company Ideagen, which provides software for high-compliance and regulated industries, has today announced that it will offer a new ESG tool to its... more
Azentio Software’s iMAL™ R14.6 Awarded AAOIFI’s Compliance Certification for 2023
- 3 years 8 months ago
- Compliance
Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced today that iMAL™ R14.6, the latest version of the company’s Islamic core banking platform, has successfully gone through the annual compliance exercise and received the certification for the year 2023 from the Accounting and Auditing Organization for Islamic Financial Institutions -
CoinList Adopts Orchestration Platform to Deliver End-to-end Customer Onboarding and Ongoing Monitoring
- 3 years 9 months ago
- Compliance
CoinList is a leading crypto launchpad and trading platform that connects the best new projects in crypto with high-quality early adopters of their products. It has a growing global community of more than four million active users.
Shield Introduces Hybrid Cloud Solution For Financial Institutions
- 3 years 9 months ago
- Compliance
Shield, the world’s leading communication compliance platform, today launched new hybrid cloud infrastructure technology that provides financial institutions with flexible, scalable data solutions that make digital communication compliance efficient and adaptable within their existing data strategy.
2023 Global Compliance Outlook - SteelEye
- 3 years 9 months ago
- Compliance
The resilience of the financial markets was truly put to the test in 2022 as many of the risks outlined at the outset of the year were realized. Inflation fears were validated – expected to reach 8.8% by the end of 2022. The crypto market sustained huge blows after the collapse of one of its leading players. The UK Government saw three different prime ministers. The devastation of the Russia-Ukraine war rippled through Europe, triggering... more
Alpian, Switzerland’s First Private Digital Bank, Selects Napier Continuum for Financial Crime Compliance
- 3 years 9 months ago
- Compliance
Alpian, Switzerland’s first digital private bank, and Napier, global provider of advanced financial crime compliance solutions, announce their partnership to implement a robust, end-to-end risk management platform for the bank.
Clausematch Announces Partnering with Arbuthnot Latham to Digitise the Policy and Compliance Framework
- 3 years 10 months ago
- Compliance
Clausematch, a technology company developing solutions for regulatory compliance is pleased to announce it has partnered with Arbuthnot Latham, the private and commercial bank, to enable the digital transformation of compliance. As part of the partnership, the firm is adopting Clausematch's policy management platform to automate and streamline compliance processes.
Napier Breaks Into Japanese Market Through New Partnership with Governance, Risk, and Compliance Firm, GRCS
- 3 years 10 months ago
- Compliance
Napier, the financial crime compliance specialist, has announced that its end-to-end financial crime risk management platform, Napier Continuum, is available to the Japanese market through a newly-minted partnership with Japanese firm GRCS.
IboxPay Joins Forces with iDenfy to Ensure AML Compliance
- 3 years 10 months ago
- Compliance
iDenfy, full-stack ID verification, fraud prevention and compliance startup, partnered with IboxPay, a Poland-based fintech and cash-in payment solution provider that recently moved from Ukraine. The company integrated iDenfy’s AML solution pack to ensure compliance and prevent fraud.
The Clock is Ticking: ITRS Group Warns Firms Not to Delay in Complying with DORA, the EU’s Operational Resilience Requirements
- 3 years 10 months ago
- Compliance
The European Commission has voted to adopt the Digital Operational Resilience Act (DORA), in response to a spate of widespread system outages and cyber threats in the financial services sector, the regulation will bring all EU states into line when it comes to operational resilience.
Moody’s Analytics: Forward-thinking Compliance Teams View Perpetual KYC as the Future of Compliance
- 3 years 10 months ago
- Compliance
Compliance teams see perpetual KYC (pKYC) as the future of KYC according to a report by Moody’s Analytics, “Perpetual KYC: Transforming Risk and Compliance,” released today. The report sought to uncover the key challenges faced by implementers of KYC today and understand how organizations are transforming their approach to risk and compliance.
SS&C Europe Upgrades Financial Services Offering with Napier’s AI-enhanced Compliance Solutions
- 3 years 11 months ago
- Compliance
Napier, provider of leading anti-financial crime compliance solutions, has announced that the financial services firm SS&C Europe will be upgrading its offering with Napier’s AI-enhanced financial crime risk management platform, Napier Continuum, which includes Client Screening and Transaction Monitoring tools. SS&C Europe is the UK’s largest fund administrator.
