The U.S. House of Representatives has recently passed the Financial Technology Protection Act, a piece of comprehensive legislation aimed at addressing illicit finance activities using digital assets. As digital technologies evolve, so do the methods of illegal financing, necessitating a proactive
As we move further into the latter part of 2024, the global focus on economic sanctions has reached unprecedented levels, particularly with the intensified regulatory measures taken by the United States. With the next U.S. presidential election looming, the spotlight on sanctions compliance is
In recent years, the financial sector has witnessed significant shifts in risk management practices, driven primarily by changing regulatory landscapes and technological advancements. Traditional Know Your Customer (KYC) procedures, characterized by their periodic and manual nature, are being
The recent enforcement action against Citigroup by U.S. regulators has drawn significant attention due to the bank's ongoing struggles with regulatory compliance, particularly in the realm of data quality management. The complexities surrounding this issue not only impact Citigroup but also
Cytactic, an innovative cybersecurity startup, has successfully raised $16 million in a seed funding round led by Evolution Equity Partners. This significant investment is poised to elevate the company's capabilities in providing advanced cyber crisis readiness and management solutions. As
In a world where cyber threats are becoming increasingly sophisticated and frequent, the need for robust cyber crisis management solutions has never been greater. Cytactic, a pioneering SaaS platform, has emerged as a leader in this domain, offering comprehensive cyber crisis readiness and
