Compliance teams must focus on governance, culture, and “explainability” to help banks thrive using AI in a competitive, complex regulatory environment. A new survey from Moody’s found this is why most banks now embed compliance from a project’s earliest stages, with only 17 percent treating it as a “final approval gate.”
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Posted inFinancial Services
Statement by U.S. financial regulators clarifies confidentiality of suspicious activity filings
The federal Bank Secrecy Act does not prohibit financial institutions from speaking openly with customers who are the subjects of official SARs, according to a clarifying statement issued by U.S. financial regulators Wednesday.
Posted inRegulatory Enforcement
Compliance implications of the National Fraud Enforcement Division
Eight months after the Trump Administration announced the establishment of a whole-of-government National Fraud Enforcement Division, many in the legal and compliance community are still left speculating about its purpose and scope of enforcement authority.
Posted inRegulatory Enforcement
Honeywell Aerospace pays $2M to settle false claims allegations
Honeywell Aerospace has agreed to pay more than $2 million to settle allegations that the company failed to comply with cybersecurity requirements in a contract with the U.S. Department of Defense, a case first brought by a whistleblower.
Posted inAccounting & Auditing
IIA publishes guidance on how the Three Lines Model and ERM can meet evolving organizational risks
Two new position papers by the IIA highlight the way corporate governance is maturing in line with rapidly emerging risks. The documents focus on the Three Lines Model of governance and on enterprise risk management and set more ambitious parameters for collaboration between multiple governance functions, including compliance.
Posted inData Privacy
New U.K. data law takes full effect: What compliance officers need to know
The U.K. has amended its data protection rules with a sweeping law that aims to simplify compliance with existing privacy legislation, including the GDPR. However, compliance officers should be aware that the need to protect personal data remains paramount.
Posted inSurveys & Benchmarking
KPMG report urges CCOs to collaborate and invest to boost operational resilience
Enhanced operational resilience is key to improving responses to interconnected cyber, third-party and regulatory risks, according to KPMG’s 2026 chief ethics and compliance officer survey.
Posted inRegulatory Enforcement
AI startup and former CEO settle with SEC over alleged material misrepresentations
An AI startup company and its former chief executive officer have settled charges that they misrepresented projected revenue, according to the SEC.
Posted inFinancial Services
Gaps remain in firms’ KYC checks, says U.K. financial services regulator
U.K. financial services firms still have potentially serious gaps in their financial crime controls, despite their assurances that they have beefed up their checks.
Posted inTop Stories
Florida health group pays $541M to settle false claims allegations
A large health provider group in Florida has agreed to pay $541 million to resolve allegations it inflated patient diagnosis codes in order to boost its reimbursement through a Medicare program. The Villages Health System (TVH) intentionally made patients appear sicker on bills it filed from 2020 through 2024 to three private insurers that […]
