RegWatch - Edition #4
Your weekly briefing on regulation, risk, financial crime, and compliance matters
Regulatory Recap
FCA calls on firms to improve treatment of politically exposed persons (PEPs)
The FCA has told financial firms – including banks, payment firms and lenders – to do more to ensure parliamentarians, senior public servants and their families are not treated unfairly. Read more
Treasury and the Financial Services Sector Coordinating Council Publish New Resources on Effective Practices for Secure Cloud Adoption
The U.S. Department of the Treasury and the Financial Services Sector Coordinating Council (FSSCC) published a suite of resources to share with financial services institutions on effective practices for their secure cloud adoption journey. Read more
HKMA vows AML crackdown after latest $1m-plus bank fine
The Hong Kong Monetary Authority says the $1mn-plus fine it handed out earlier this month for money-laundering control failures will serve as a “clear deterrent” to the industry over future infractions. Read more
New Zealand's progress in strengthening measures to tackle money laundering and terrorist financing
In line with the FATF Procedures for mutual evaluations, the country has reported back to the FATF on the action it has taken since their mutual evaluation. Read more
Live Webinar: KYC Trends for US Commercial Banks
From Cost Center to Revenue Enabler
Join us on a live webinar on August 7th, where we will be analyzing the findings from our KYC in Commercial Banking research which analyzed responses from mid-market commercial banks in the US with assets ranging from $10 billion to $100 billion. Survey respondents included Chief Operations Officers (COOs), Chief Compliance Officers (CCOs), Chief Risk Officers (CROs), and Chief Information Officers (CIOs).
In case you missed it...
Analyzing Counterparty Trading and Sanctions Risk in the Energy Sector
In this report, we analyze the risks associated with counterparties, trading, and sanctions in the energy sector. We also recap the on-the-ground insights and advice issued by our expert panel members from our webinar with Commodities People .
Al in Client Lifecycle Management | Interview with @Fenergo