An examination by the Financial Conduct Authority (FCA) into the efficacy of sanctions controls at 90 UK firms revealed shortcomings across various critical areas, such as staffing, technology infrastructure, and reporting systems.
In response to economic uncertainties and the growing complexity of their workloads, compliance executives are facing increasing pressure to optimize their existing resources, according to insights from Gartner.
According to a survey conducted by the digital association Bitkom, Germany is projected to incur €206 billion in losses in 2023 due to theft of IT equipment, data breaches, digital espionage, and industrial espionage.
Mustafa Suleyman, the co-founder of Google DeepMind and CEO of Inflection AI, emphasized to the Financial Times the importance of the United States leveraging its chip technology leadership to establish global AI usage standards.
Source: ComplyAdvantage
ComplyAdvantage, the leading financial crime intelligence company, has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program, a co-sell program for AWS partners that provides software solutions that run on or integrate with AWS.
The Securities and Exchange Commission (SEC) has introduced a groundbreaking cybersecurity measure that represents an extensive endeavor by the United States government to enforce cybersecurity protocols.
Experian has been handed a fine of $650,000 by the Federal Trade Commission due to its engagement in sending unsolicited product and marketing messages to its customers.
The Monetary Authority of Singapore has unveiled a fresh set of regulatory guidelines with the intent of enhancing the solidity of the country's authorized stablecoins.
