Enforcement fines are on the rise, especially within AML. We explore the cost of compliance and consider global trends over the past 15 years.
A discussion about regulatory obligations, cross-jurisdiction collaboration, and the appetite for technology within Canadian financial services
The 5th Anti-Money Laundering Directive launched this year and we take a quick look at the key points that financial institutions need to be aware of.
Regulators need to work cohesively with financial institutions and emerging RegTech firms to ensure compliance with the new regulations.
Regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively mitigate their exposure to risk.
CUBE CEO Ben Richmond stresses the importance of senior level sponsorship for banks wanting to digitize compliance.