The major banks plan to cull 3 per cent of their collective workforce and the financial crime watchdog has warned it could escalate its response.

Dubai, United Arab Emirates – Deloitte Middle East hosted its 8th Financial Crime Symposium in Dubai, bringing together regulators, business leaders, and industry experts to address the evolving ...

TD Bank appoints Jon Rasmussen, a veteran from JP Morgan, as the new U.S. chief compliance officer amid a revamp in its financial crime and risk management following a $3 billion penalty. The ...

WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced it raised $45 million in funding. The round was led by Georgian, a growth-stage B2B investor helping companies ...

The rise of stablecoins has transformed the financial landscape, offering faster, programmable payments while introducing complex regulatory and compliance challenges. As banks and financial ...

Automation can significantly reduce these risks. Integrated compliance tools, such as SW360’s VOCA, provide real-time identity verification, automated risk assessments, and continuous monitoring.

TD Bank has named JP Morgan veteran Jon Rasmussen as its U.S. chief compliance officer, according to a memo seen by Reuters on Monday.

Blockchain analytics firm Elliptic has announced a strategic investment from HSBC, one of the world's largest banking institutions.

S&P has restored Swedbank’s stand-alone credit profile to ’a+’, placing its creditworthiness among the highest of commercial banks globally, comparable to Nordea Bank Abp, Svenska Handelsbanken AB, ...

A new survey of 200 anti-money laundering (AML) professionals at U.S. mid-size and community banks reveals a growing gap between confidence and capability in the fight against financial crime. The ...

The banking industry faces an unprecedented crisis in customer onboarding, particularly around Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance processes. With global AML compliance ...

South Africa’s estate agencies face serious financial and reputational risks if they fail to comply with new obligations under the Financial Intelligence Centre Act (FICA), says Marcel Koole, CEO of ...