All Finance articles
-
ArticleMSRB shakeup transitions CCO to chief regulatory officer
Senior leadership changes at the Municipal Securities Rulemaking Board under new CEO Mark Kim include the transition of the organization’s chief compliance officer to the role of chief regulatory officer.
-
Article
Crackdown on culture part of widespread regulatory push
A recent ruling by the U.K. Financial Conduct Authority to ban three individuals from the financial services industry for out-of-work misconduct is part of a broader push by regulators to crack down on matters related to culture, writes Martin Woods.
-
Article
Cryptocurrency’s future: What compliance needs to know
Cryptocurrency is complicated, but it’s not going away anytime soon. David Povey of the ICA takes a look at what regulators are trying to do and offers tips on where compliance officers can go to study this complex topic further.
-
Article
Survey: Machine learning will (eventually) help win the war against financial crime
While the war against financial crime wages on, machine learning and artificial intelligence may give financial institutions the upper hand, according to a recent survey.
-
Resource
e-Book: Machine learning will (eventually) help win the war against financial crime
This e-Book, from Compliance Week and Guidehouse Inc., explores how the adoption of machine learning in fighting financial crime will likely explode as technology solutions become more effective and efficient—driven by work-stream prioritization, product maturity, and refinement of implementation processes.
-
Article
Even with divided Congress, Wall Street should brace for Biden presidency
Should Republicans hold on to their majority in the Senate, President-elect Joe Biden could still find ways to pass sweeping economic legislation during his first term.
-
Article
CFPB under Biden will likely get new director, new direction
The Consumer Financial Protection Bureau is likely to revert to its more aggressive, Obama-era version of itself under a Biden administration.
-
Article
ESMA review slams German authorities’ supervision of Wirecard
A damning report by the EU’s securities markets regulator found numerous shortcomings in German authorities’ supervision of Wirecard’s financial reporting leading up to its collapse surrounding a $2 billion accounting scandal.
-
Article
Discover promotes chief accounting officer
Discover Financial Services announced Shifra Kolsky has been promoted to the role of senior vice president, controller chief accounting officer. Kolsky replaces Ed McGrogan, who plans to retire at the end of 2020.
-
Article
Study questions effectiveness of U.K. management oversight regime
The U.K.’s financial services regulator is still failing to hold individuals accountable four years after introducing a program to improve oversight and enforcement, according to a new study.
-
Article
Experian to appeal ICO enforcement notice over data protection failures
The U.K. Information Commissioner’s Office issued an enforcement notice against Experian, ordering the credit reference agency to make “fundamental changes” to how it handles personal data related to its direct marketing services.
-
Article
Rockefeller Capital adds former Morgan Stanley CCO as general counsel
Financial services firm Rockefeller Capital Management announced the appointment of former Morgan Stanley Global Chief Compliance Officer William Fenrich as general counsel.
-
Article
Study: Financial crime compliance costs top $42B in U.S./Canada
A new study of financial crime compliance costs found spending by American and Canadian financial institutions is up sharply in 2020, driven in part by the coronavirus pandemic.
-
Article
Is human trafficking financial services’ blind spot?
A new report from BAE Systems demonstrates just how far we have to go in the fight against money laundering, particularly when it comes to human trafficking.
-
Article
Bitcoin platform operator fined $60M for AML violations
Larry Dean Harmon, the operator of virtual currency platforms Helix and Coin Ninja, was assessed a $60 million civil penalty by FinCEN for violations of the Bank Secrecy Act and its implementing of AML regulations.
-
Article
Embattled BitMEX hires chief compliance officer
On the heels of a CFTC enforcement action, cryptocurrency exchange platform BitMEX announced the appointment of Malcolm Wright as chief compliance officer of its operating company 100x Group.
-
Article
Libra recruits HSBC exec as CFO, chief risk officer
Digital currency group the Libra Association continued the buildout of its risk and compliance department with the appointment of Ian Jenkins as chief financial officer and chief risk officer of Libra Networks.
-
Article
Gemini adds APAC compliance chief
Gemini Trust Company, a cryptocurrency exchange and custodian, announced the appointment of Andy Meehan as chief compliance officer of the Asia-Pacific region.
-
Article
Progress on beneficial ownership key to AML fight
With the British Virgin Islands vowing its commitment to a beneficial ownership public register, financial crime expert Martin Woods turns his attention toward how the U.K. and U.S. are progressing in the space.
-
Article
Three tips on how to design financial crime training with impact
Simone Jones of the International Compliance Association offers three ways to get employees to both embrace financial crime training and use the knowledge learned in their daily roles.
