Anti-money laundering
Op risk data: SocGen hit with $95m money laundering fine
Citi, JP Morgan settle Sibor rigging claims; Europe matches US on AML fines. Data by ORX News
Op risk data: SEC issues first fine under cyber risk rule
SocGen provisions for sanctions violations; has the SMR prompted more bank CEO resignations? Data by ORX News
Tackling fraud and money laundering violations in modern financial markets
The world of financial crime is evolving at a rapid pace. The tools and technologies used to aid crime are constantly developing, causing the nature of modern crimes to be unpredictable and difficult to detect
UBS’s CRO on the hunt for hidden risks
Swiss bank has rung the changes in its attempt to catch hard-to-measure risks, but “you are never safe”, warns Christian Bluhm
SEB purchase saps Danske Bank’s capital ratio
Despite hike in minimum required capital, Danske has ample buffer
ECB’s Angeloni: bullish on Brexit, wary on regulatory reform
Relocations from UK will boost EU capital markets; but CRR needs to remove national barriers
The long march: ECB struggles with supervisory convergence
Anti-money laundering supervision and emergency liquidity assistance still run at national level
KYC concern slows asset managers’ move into China
Rush into $2.2 trillion China funds market tempered by problems obtaining client data
1MDB looms large in Asian banks’ war on money laundering
Banks in Asia-Pacific spurred by tougher enforcement and stricter AML rules
Russian crypto-currency will threaten AML efforts
Targeting individuals and companies could be impossible with digital currency, write academics
Model risk managers eye benefits of machine learning
Ramp-up in regulatory scrutiny of model validation sees banks turn to black boxes
Cyber is top op risk for 2017, say CROs
This year's Top 10 Operational Risks survey highlights sharp rise in geopolitical risk following Brexit and Trump election
Intesa Sanpaolo takes $235 million hit for AML failures
Megan van Ooyen from SAS rounds up the top five operational risk losses for December 2016
Singapore fines two foreign banks for 1MDB-related breaches
Investigations continuing into Goldman Sachs’ role, regulator says
Risk, AML fears hitting Arab correspondent banking
“De-risking” cited most often as key factor behind trend
FCA’s ‘zero tolerance’ on KYC fosters de-risking – BBA
Media and UK regulator’s approach to financial crime criticised at Commonwealth discussion
Financial Crime Survey 2016: Compliance and online fraud top the financial crime investment charts
Sponsored survey analysis: BAE Systems
Technology holds the key to easing KYC, says FCA director
UK regulator promotes the use of financial technology to smooth compliance wrinkles
Best fraud detection product: Clari5
Financial crime-management system uses collective intelligence and responds to changes in a client's behaviour over time
US model risk rules put lions back in their cages
Impact of Federal Reserve and OCC model risk guidance is being felt well beyond US banks
KYC rules force banks into costly off-boarding exercise
Shedding unprofitable clients drains operational and IT resources
Financial crime: Convergence of AML and fraud to achieve greater effectiveness and efficiency
Sponsored webinar: Fiserv