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61 articles
Financial Crime
Jailed UK art dealer ignored due diligence platformʼs alert on Hezbollah financier
Jailed UK art dealer Oghenochuko Ojiri, who knowingly sold art to a sanctioned Hezbollah financier, subscribed to and used an...
Financial Crime
US sanctions relief starts Syria’s eventual banking return
The recent granting of limited sanctions relief to Syria by the United States could kickstart the Middle Eastern country’s eventual...
Regulatory
AI guidance needed to spur financial services adoption
Submissions to the UK Treasury Committee’s call for evidence on artificial intelligence (AI) in financial services overwhelmingly urged regulators to...
Compliance
AI-assisted emotion detection too risky for bank use
Artificial intelligence (AI) assisted emotion detection and behavioural surveillance tools are too risky and unproven for use by banks, British...
Financial Crime
Human trafficking transaction detection needs a bigger financial crime toolkit
Firms seeking to detect transactions linked to human trafficking and other forms of exploitation require a bigger financial crime toolkit....
Americas
Crypto dominates US SEC policy work, few TradFi rules pruned
Crypto assets have dominated the US Securities and Exchange Commission’s (SEC) policy work so far in the first half of...
Regulatory Reporting
GenAI could be reg reportings’ short-term memory
Tools using generative artificial intelligence (GenAI) could become the “short-term memory” for stressed out trade and transaction reporting teams. GenAI...
Financial Crime
UK watchdog has no plans to prioritise human trafficking
The UK’s financial services watchdog has no plans to make human trafficking a reporting priority for firms’ financial crime teams....
Cryptocurrency Regulation
Cryptos resist regulation despite growing systemic, fincrime risks
Multifunction crypto intermediaries (MCI) continue to resist regulation despite their growing systemic and financial crime risks, as well as consumer...
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