The year 2023 demonstrated the increased importance of banking compliance, as the sector was subject to a crippling $6.6 billion in fines for violations in the areas of AML, KYC, and associated regulations.
The banking sector's efforts to counteract illicit activity are centered around Anti-Money Laundering (AML), a complex and vital field.
Complying with the ever-changing financial standards is more important than ever. There will be major changes to reporting requirements as a result of the European Market Infrastructure Regulation (EMIR) and its upcoming revisions, known as EMIR REFIT. In order to conform to the worldwide standards established by IOSCO-CPMI, these changes include, among other things, a greater degree of data granularity, the addition of additional fields, and an expansion of reconciliation requirements.
Juniper leads the way in innovative insurance coverage for reproductive health.
April 12, 2024
Finastra introduces a small business DFA 1071 compliance data gathering module.
April 12, 2024
