Covid-19 changes compliance priorities
The Covid-19 pandemic has proved a challenge for financial industry compliance staffers who have had to adjust monitoring and alert coverage to adapt to the remote work transition during extreme market volatility, according to a Nasdaq survey.
SWIFT Community Update: Focus on financial crime compliance
Tackling financial crime, and ensuring compliance with anti-money laundering (AML) and combating the financing of terrorism (CFT) regulations remains one of the biggest overall challenges for the financial services community.
FCA turns the screws on compliance in work-from-home environment
The Financial Conduct Authority has warned banks that they must now provide the same standard of surveillance of staff working from home as they would in an office environment.
Ransomware victims who pay up could face fines of up to $20m
Companies traumatised by ransomware could face fines of up to $20 million if they pony up to extortionists already listed on financial crime sanctions lists, the US Treasury Department has warned.
US money transfer firms hail multi-state compliance initiative
Money transmitters operating in 40 or more US states are set to benefit from a new multi-state compliance programme, enabling them to more easily extend their business across state lines.
Shield integrates compliance tech with Zoom
Source: Shield Compliance
Specialist RegTech provider Shield is pleased to announce the integration of its complete eComms compliance and Surveillance platform with popular audiovisual collaboration platform Zoom.
Verint and Cloud9 collaborate on WFH voice compliance
Source: Verint
Verint Systems Inc. (Nasdaq: VRNT), The Customer Engagement Company, and Cloud9 Technologies (“Cloud9”), a leader in cloud-based communications, have joined forces to provide the financial services market with a fully compliant, cloud-enabled communications solution to support traders both on the trading floor and remotely, providing necessary flexibility as the industry continues to move to cloud-based platforms and work-from-home environments during and beyond the COVID-19 pandemic.
Deutsche Bank pays settlement over Jeffrey Epstein compliance failures
Deutsche Bank has agreed to pay $150 million to settle a New York state regulator investigation into "significant" compliance failures in its relationship with convicted sex offender Jeffrey Epstein, as well as with two other banks.
