RegWatch - Edition #18
Your weekly briefing on regulation, risk, financial crime, and compliance matters
Regulatory Recap
Banks increasingly losing clients due to poor KYC practices
The number of global banks losing clients to slow and inefficient know your customer onboarding practices has surged to a record high this year, according to new research from Fenergo. Read more
Lebanon to be put on financial crime watchlist this week, sources say
Central bank governor Wassim Mansouri said in August he was working to keep Lebanon off the Financial Action Task Force's grey list, which is likely to be a further deterrent to investment in the country. Read more
SEC Division of Examinations Announces 2025 Priorities
This year’s examinations will prioritize perennial and emerging risk areas, such as fiduciary duty, standards of conduct, cybersecurity, and artificial intelligence. Read more
Japanese authorities trace Monero, arrest 18 in $670K laundering case
Japanese authorities told local media outlet Nikkei that this marked the first time the country’s law enforcement agencies had used Monero transactions to identify criminals. Read more
OCC Cites 4 Regional Banks for ‘Unsafe or Unsound’ Practices
The OCC has released enforcement actions against national banks accused of “unsafe or unsound” practices. Read more
Visit Us at Money 20/20 USA
Fenergo is delighted to once again be a partner and sponsor of Money20/20 in Las Vegas
Visit us at booth 9721 and discover how we can transform your business by delivering unrivalled operational efficiencies and exceptional client experience.
Visit us at Energy Trading Week Americas in Houston
Pop by our stand to meet our team or join our Demo Jam sessions during the conference breaks
Fenergo will also join the Energy Trading Risk Summit Track to discuss 'Navigating Counterparty & Credit Risk' at 4:45pm on the 29th of October.
In Case You Missed It...
Fenergo Wins Three Coveted Awards in Chartis RiskTech100?
This is the sixth consecutive report where Fenergo has been awarded for KYC and CLM and the first year to win CLM for Investor Services. Fenergo also moved up eight places in the list of risk technology firms.
How to Grow After a Regulatory Scandal
Recent enforcement actions against institutions like TD Bank, Solaris SE in Germany, and Starling Bank reveal how difficult balancing growth with compliance has become, especially in the face of evolving financial crime threats.