RegWatch - Edition #16
Your weekly briefing on regulation, risk, financial crime, and compliance matters
Chartis Recognizes Fenergo as Category Leader for KYC in 5th Consecutive Year
Chartis’ Senior Research Specialist Ahmad Kataf, commented:
"Fenergo’s strong automation capabilities, together with its ability to build complex hierarchies of client information and configurable workflows, were key considerations in its placing in Chartis’ KYC Solutions quadrant. Also contributing to its placement were its successful expansion into neighbouring areas (including energy and asset management), and its continued growth."
Read more about the win here
Regulatory Recap
FATF President reveals new rules for deciding how countries are ‘grey listed’ at IAFCS 2024
The change will mean that poorer countries will be less likely to get the designation, which sees them placed under special scrutiny due to money laundering or terrorist financing concerns. Read more
UK-linked firms suspected of busting Russia sanctions
The government is carrying out 37 investigations into UK-linked businesses for potentially breaking Russian oil sanctions - but no fines have been handed out so far. Read more
Regulators Must Open Up About Decisions To Improve Fairness
In June this year, Fenergo said data showed that penalties for breaching rules totalled $6.6 billion in 2023, rising from $4.2 billion in 2022. Read more
领英推荐
FTX gets green light to repay billions to customers
US bankruptcy judge John Dorsey has given the go-ahead to the reorganisation plan put together by the company, which includes repaying customers who had their money locked into the exchange when it collapsed two years ago. Read more
Commodity prices rise amid geopolitical risks and China’s economic incentives
Energy and metals see gains while agricultural commodities show mixed results. Read more
Fenergo returns as a partner and sponsor of Sibos in 2024
Pop by our stand to meet with our team and join our Demo Jam sessions at 11am and 3pm each day to experience our solutions in action!
In Case You Missed It...
Fenergo Appoints Renowned Financial Crime Partner Michael Shepard to Advisory Board
A seasoned expert with nearly four decades of experience, Shepard has served as a former Deloitte Financial Crime leader, bank executive and U.S. Department of Justice prosecutor. He will play a key role in fuelling Fenergo’s U.S. expansion and enhancing global financial crime compliance strategies.