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Post-Brexit UK Sanctions Regime Adds Complexity as Firms Wrestle with Global Compliance
The post-Brexit UK sanctions regime has added complexity to firms’ efforts to comply with international sanctions regimes, in some cases changing their appetite for risk, according to a recent A-Team webinar on the topic. And although much of the UK regime has been transposed from EU regulation, small but significant changes are adding to the…
Recorded Webinar: The post-Brexit UK sanctions regime – how to stay safe and compliant
When the Brexit transition period came to an end on 31 December 2020, a new sanctions regime was introduced in the UK under legislation set out in the Sanctions and Anti-Money Laundering Act 2018 (aka the Sanctions Act). The regime is fundamentally different to that of the EU, requiring financial institutions to rethink their response…
Uncovering PEPs in Fight Against Financial Crime
By Rachel Woolley, Global Director of Crime at Fenergo. Non-compliance is a costly business. Throughout 2020, financial institutions (FIs) around the globe have received $10.6 billion in enforcement actions for financial crime violations, including breaches of anti-money laundering (AML) and know your customer (KYC) regulations— up 27% from last year. With the pandemic leading to…
Qomply and Bovill Team Up on Regulatory Audits
Qomply, a RegTech firm specializing in transactions reporting for MiFIR, SFTR and EMIR, has joined forces with global financial services regulatory consultancy Bovill to develop an end-to-end transaction reporting service for financial institutions. Powered by Qomply’s technology, Bovill will streamline its HealthCheck services to provide clients with immediate feedback on the accuracy and completeness of…
ACA Compliance Group Launches New Global ESG Practice
ACA Compliance Group (ACA) today launched a specialist global environmental, social, and governance (ESG) advisory practice, headed up by Dan Mistler, who joins ACA from ESG and environment firm, Bridge House Advisors. Sustainability and responsible investing increasingly appear on the agendas of global political leaders, regulators, and firms alike. According to President-elect Joe Biden, the U.S. will…
Full Circle: What We’ve Learned From A Crazy Year
2020 is finally (thankfully!) drawing to a close. It’s our last issue of the year, and what a year it has been. From lockdowns to loopholes, disaster recovery and doom-mongering to booming markets and business as usual, the past 12 months have been a rollercoaster ride for everyone, and the financial services have not escaped….
Thomson Reuters Report on ‘Fintech, RegTech and the Role of Compliance’ Finds Increased Use of Technology During Pandemic
The Thomson Reuters’ Fintech, RegTech and the Role of Compliance Report 2021, released this week, finds that the adoption and implementation of technology has taken a huge step forward during the pandemic, despite the continuing budget challenges that firms face. Sector growth is expected to accelerate in the coming months and years, predicts the report,…
Recorded Webinar: Moving Regulatory Data to the Cloud: A Use Case Discussion
Migrating risk and regulatory reporting data to the cloud is turning out to be one of the hottest trends for 2020 – but not everyone is getting it right, and there are pitfalls to be avoided as well positive outcomes to be achieved. Especially in today’s remote working world, financial firms are facing the challenge…
A-Team Group Releases Regulatory Data Handbook 2020/2021
A-Team Group releases the eighth edition of its ‘best read’ publication, the Regulatory Data Handbook, today. The handbook is a ‘must have’ for capital markets participants, is free of charge, and profiles every regulation that impacts capital markets’ data management practices. Linda Coffman, executive vice president at The SmartStream Reference Data Utility, leads the handbook…
Acin Wins First Funding Round From Notion Capital, Fitch Ventures
Acin, a data standards firm seeking to digitise operational and non-financial risk, has secured $12 million in a Series A funding round led by European SaaS investor Notion Capital and supported by Fitch Ventures, the investment arm of credit ratings and research giant Fitch Group. RegTech Insight talks to Acin CEO Paul Ford to learn…