Toronto-Dominion Bank (TD Bank), one of North America's largest banking institutions, is facing unprecedented penalties due to significant lapses in its Anti-Money Laundering (AML) compliance program. The staggering $3.09 billion fine is being described as the largest ever imposed under the US
The US fintech sector is a paradox of advanced innovation juxtaposed with stubborn traditionalism. It’s a place where some of the world's most cutting-edge financial technologies emerge, yet simple technologies like contactless payments aren’t universally accepted. This dynamic landscape was vi
Behavox, established in 2014, has rapidly ascended as a pivotal player in the RegTech sector, predominantly catering to the financial industry. The company's innovative use of AI-powered solutions for compliance, security, and data management has gained them a reputation for significantly
Greenwashing, the practice of making misleading claims about a company's environmental efforts, has long been a concern for eco-conscious consumers and investors. Recent data from RepRisk shows a significant downward trend in greenwashing incidents globally, triggering a debate on whether this
In today's fast-paced digital age, compliance with communication regulations is more important than ever. For firms across various industries, maintaining a comprehensive record of digital communications is not just a regulatory requirement but a business imperative. The complexities of
TD Bank recently found itself at the epicenter of a monumental regulatory storm, culminating in a staggering $3 billion fine imposed by U.S. authorities for failure to comply with anti-money laundering (AML) regulations. This penalty, unprecedented in its scale, underscores the severe lapses in the
