Bishopsgate Financial Acquired by CubeMatch Ltd
- 3 years 5 months ago
- Management, Compliance, Risk Management, Consultancy
Two leading specialist financial services change management consultancies partner to offer an enhanced service Bishopsgate Financial’s expertise in transformation, change management, compliance and financial crime will combine with CubeMatch’s capabilities in strategic change, risk management and technology
Financial Crime* Prevention Costs UK Financial Institutions an Average of £374K Every Year, According to New Research From the Global Legal Busines, DWF
- 3 years 5 months ago
- Security, Compliance
The survey of 300 financial crime decision makers working in the financial services sector in the UK, also found that on average, organisations spent £53 annually on financial crime defence for each customer relationship they have. Moreover, they refused an average of £90,240.77 and exited an average of £90,869.52 worth of UK customer relationships for financial crime reasons during the last 12 months.
Leader in Anti-financial Crime Compliance, Napier, Expands Global Footprint with New UAE Base
- 3 years 5 months ago
- RegTech, Compliance
Napier, provider of advanced anti-financial crime compliance solutions, has announced it has extended its global footprint by opening a new office at Dubai International Financial Centre (DIFC), the global financial centre and leading FinTech hub in the MEASA region.
Encompass Corporation Appoints Cyndi Festa as Head of Data Sourcing
- 3 years 5 months ago
- AML and KYC, Data, People Moves
Encompass Corporation, the fast-growing provider of intelligently automated Know Your Customer (KYC) solutions, today announces the appointment of data management veteran Cyndi Festa to the new role of Head of Data Sourcing. Cyndi joins from Dun & Bradstreet, the leading provider of business decisioning data and analytics, where she enjoyed a distinguished career spanning more than 15 years. Operating globally, she steered areas including... more
Howard Freeman, MD, Fortis DPC Discusses How Mermaid could Have Avoided a £25,000 Fine From ICO
- 3 years 5 months ago
- Compliance, Data
The latest fine issued by the ICO office to transgender charity Mermaid for failing to keep the personal data of its users secure, yet again highlights the importance of regulatory compliance and the need for it to be reviewed thoroughly, rather than taking the easy option of using template documents and a privacy policy on a web site.
IDnow Offers AML Screening and Monitoring
- 3 years 5 months ago
- Digital Identity, AML and KYC
IDnow makes onboarding even easier with automated KYC combined with real-time AML screening and monitoring
smartKYC Partners with Kompany to Provide Live Access to Real-time Global Register Network
- 3 years 6 months ago
- Compliance, AML and KYC
smartKYC, the world’s most advanced enterprise solution for KYC due diligence automation, has announced a strategic, data partnership with kompany, the global RegTech platform for business verification and Business KYC (KYB) for AML compliance. Clients of smartKYC and kompany will be able to seamlessly access original company information and documents, from relevant trade and commercial registers instantly via kompany’s global register network.
Fenergo Debuts in the IBS Intelligence Sales League Table 2021
- 3 years 6 months ago
- Compliance
Fenergo, the leading provider of Know-Your-Customer (KYC) and Client Lifecycle Management (CLM) software solutions for financial institutions, has ranked as a New Entrant demonstrating Star Performance in the Compliance Management category in the IBS Intelligence Sales League Table (SLT) 2021. Fenergo has been recognised for success based on 2020 sales figures.
Albany Group's RegTech Hot Shop Announces Partnership with Sapiens to Simplify Regulatory Compliance
- 3 years 6 months ago
- RegTech, Compliance
London-based automated risk, compliance and regulation software specialists, Albany Group has signed a partnership agreement with Sapiens, a leading global provider of software solutions for the insurance industry to provide an end to end regulatory & compliance solution integrated with Sapiens global P&C Policy Administration Platform.
UK Compliance Professionals are Bracing for an Increase in AML Legislation, as a result of Brexit
- 3 years 6 months ago
- Compliance, AML and KYC, Data, Risk Management
Nearly four fifths (78%) of UK compliance professionals predict more anti-money laundering (AML) regulation is on the way as a direct result of leaving the EU UK firms overwhelmingly support opting out of 6MLD, but are taking it as a sign the UK plans to diverge and create its own AML regulatory framework
Majority of Firms in Breach of Transaction Reporting Requirements
- 3 years 6 months ago
- Transaction Banking, Compliance
Data from a Freedom of Information Request to the FCA has revealed that firms are either transaction reporting incorrectly or not adhering to the MiFIR requirement to monitor their reporting using submission data made available to them by the FCA.
Britain’s Binance Ban Illustrates that Even the Largest Exchanges Face AML Inadequacies
- 3 years 6 months ago
- Trading Systems, AML and KYC, Financial
This weekend, Britain’s Financial Conduct Authority announced that Binance Markets Limited is currently “not permitted to undertake any regulated activity” in the United Kingdom. Last month, Binance Markets Limited withdrew its 5MLD application, and all parties seem to agree that the latest developments did not come as a surprise.
Charitable Giving and Tax Deductions: A Business' Guide
- 3 years 6 months ago
- Tax Authorities
You want to make sure that your business's charitable donations are as tax-effective and efficient as possible. That's why we created this guide to help you navigate the complicated world of giving back while also taking care of yourself and your company.
Sumsub Receives CySEC’s ASP License to Help Over 1000 Financial Businesses Reach Bank-grade Compliance and Accelerate Growth
- 3 years 6 months ago
- Artificial Intelligence, AML and KYC
Identity verification platform Sumsub secured an administrative services provider (ASP) license from CySEC, a key European regulator with stringent demands. This additional qualification will help Sumsub consult over 1000 businesses that struggle to meet AML requirements.
AML Compliance Costing UK Financial Institutions a Massive £28.7Bn Annually – the Equivalent of Half of Last Year’s Defence Budget Says LexisNexis® Risk Solutions
- 3 years 6 months ago
- Compliance, AML and KYC, Data
LexisNexis® Risk Solutions, the global data and analytics provider, today releases its latest report Cutting the Cost of AML Compliance, which reveals a conservative estimate for AML compliance costs across the UK financial services sector reaching almost £29bn per year.
