SteelEye offers free trial of remote surveillance tech
Compliance outfit SteelEye is offering financial institutions a free 90-day trial of surveiilance tech capable of monitoring staff communications as they shift in and out of the office during the easing of lockdown restrictions.
Compliance failings continue to dog banks
Banks across the EU are failing to take their compliance duties seriously, says the European Central Bank, which has identified endemic weaknesses in governance, staffing and policy implementation.
Westpac to rebuild financial crime tools and double compliance staff
Westpac has pledged to consolidate its disparate anti-money laundering systems into a single, group-wide, database, and to double the number of people in its financial crime unit, in response to regulatory accusations that it contravened AML/CTF laws on over 23 million occasions.
AxiomSL achieves security compliance with SOC 2 Attestation
AxiomSL, the leading provider of regulatory reporting and risk management solutions, today announced completion of The Service Organization Control (SOC) 2 Type II audit of RegCloud that confirmed the effectiveness of the firm’s internal controls for compliance and data protection.
Accuity and Chartis Research Find Organisations Prioritising Accuracy over Speed as Regulatory Fines Reach Record Levels
Accuity, the leading provider of financial crime compliance, payments and Know Your Customer (KYC) solutions, and Chartis Research, the leading provider of research and analysis on risk technology markets, announced results of a study that revealed 66% of financial institutions face the significant challenge of achieving low false positive rates, putting unnecessary burden on their compliance departments and creating inefficiencies in their financial crime screening processes.
Banks in Singapore set one year deadline to comply with new cyber security rules
The Monetary Authority of Singapore (MAS) today issued a set of legally binding requirements to raise the cyber security standards and strengthen cyber resilience of the financial sector.
The Notice on Cyber Hygiene sets out the measures that financial institutions must take to mitigate the growing risk of cyber threats.
Chainalysis partners Lendingblock for compliance push
Chainalysis, the blockchain analysis company, is working with Lendingblock, the institutional lending exchange for digital assets, to implement anti-money laundering technology and best practices in anticipation of global regulatory guidance from the Financial Action Task Force (FATF).
IBM and Thomson Reuters team on AI and data-driven compliance offering
IBM and Thomson Reuters are fusing their AI and data expertise to help financial institutions meet regulatory compliance requirements. The new regtech offering will be delivered from the IBM Cloud and feature real-time financial services data from thousands of content sources.
