The global financial regulatory landscape is undergoing significant changes in 2024, influenced by key political shifts and technological innovations. With financial crime at the forefront of regulatory concerns, this article delves into emerging patterns and strategies within this fast-evolving
The increasing complexity of financial crimes like money laundering and fraud highlights the need for robust transaction monitoring systems within financial institutions. This article delves into the critical role these systems play in maintaining regulatory compliance and detecting suspicious
The Impetus behind CP24/2 In a bold move, the UK's Financial Conduct Authority (FCA) has initiated a consultation process with the enigmatic label 'CP24/2'. This undertaking seeks to revolutionize the level of transparency in the handling of enforcement investigations within the
Regulatory technology, known as regtech, is advancing swiftly, fueled largely by artificial intelligence (AI). As financial entities grapple with rising compliance costs, AI has come to the forefront as a solution to streamline and enhance regulatory management. The complexity of today's
Central banks are increasingly leveraging artificial intelligence to combat climate-related financial risks. By applying AI, these institutions can swiftly interpret immense volumes of data, including unwieldy PDFs, which would otherwise be challenging to analyze manually. Through automating this
The Fifth Circuit U.S. Court of Appeals has thrown a wrench into a major SEC effort to mandate climate-related disclosures in company reports. This extensive rule, two years in the making, was designed to clarify and enforce how businesses report the risk and impact of climate change on their
