RegWatch - Edition #13
Your weekly briefing on regulation, risk, financial crime, and compliance matters
Regulatory Recap
US regulator proposes strengthened rules for banks working with fintechs
Under the FDIC's proposal to strengthen recordkeeping, banks that work with fintech companies would need to identify the beneficial owners of each account and its balance. Read more
A Perfect Harmony: Compliance Teams & Technology Automation Join Forces
Fenergo's Director of Thought Leadership, Tracy Moore, explains that the pairing is paramount to effectively managing risks, ensuring robust security and paving a road to growth. Read more
FATF warns over India’s lack of money laundering prosecutions
The FATF has given India a positive assessment, but is worried over a lack of progress on money laundering prosecutions. Read more
Germany’s FIU will give banks new data to improve SARs
Germany’s key AML body will start giving giving banks more data to help improve suspicious transactions reporting. The move would increase the effectiveness of Suspicious Activity Reports (SARs). Read more
Transforming the Client Lifecycle with Automation & AI
Location: Waldorf Astoria, Dubai International Financial Centre
Together with our event partner AWS and market peers, this in-person session will include updates and a panel discussion on the following:
In Case You Missed It...
Fenergo Awarded for AI-Driven Customer Onboarding in Chartis RiskTech AI 50
The award, recognizing Fenergo’s AI-powered CLM, follows a detailed analysis by Chartis of risk technology vendors to assess capabilities and uses of AI.