What Is A Financial Crime Risk Assessment?
Financial crime risk assessments are one of the most difficult parts of the financial crime framework to get right, but they are essential to analyze a business's risk of financial crime exposure.
Jonathan Wong
New Clarity on OCC Expectations for Bank-Fintech Relationships
Recently, we wrote about rumors swirling of regulatory crackdowns on bank-fintech partnerships and how to stay ahead of regulatory scrutiny. Those rumors have now become concrete. Blue Ridge Bank, a US partner bank, disclosed an agreement with the US Office of the Comptroller of the Currency (OCC) limiting its ability
Back to Basics for Responding to Tornado Cash Sanctions for Compliance Officers
The cryptocurrency mixer and decentralized application (DApp), Tornado Cash, made headlines this month after being sanctioned by the US Office of Foreign Assets Control (OFAC). This move has riled up crypto industry members, as well as free speech and privacy advocates. Given these recent events, and the questions they raise
4 Key Areas for Compliance Officers to Address in Wake of Robinhood Crypto AML Fine
The New York Department of Financial Services (DFS) has entered the crypto AML enforcement fray, issuing a $30 million fine to Robinhood Crypto, LLC, the crypto trading unit of the larger parent firm, for AML program deficiencies and failure to maintain a culture of compliance, among other things. Why should
Cable Selected to Showcase Automated Assurance Tool at FinovateFall 2022
We’re excited to announce that Cable, the leader in automated financial crime assurance, has been selected to demonstrate its Automated Assurance tool at the FinovateFall 2022 conference, taking place from September 12-14 in New York. Finovate conferences showcase the biggest, most innovative new ideas in banking and financial technology.
How Partner Banks Can Manage Increased Regulatory Scrutiny on BaaS & Fintech Relationships
Two partner banks with rapidly growing BaaS businesses are facing serious regulatory concerns following supervisory examinations, according to new reporting from industry sources. Other partner banks are reportedly slowing or stopping onboarding of new BaaS and fintech clients, or even ending existing relationships. All signs point to intensifying regulatory scrutiny
Fincrime Fighters Expert Interviews: Rebecca Marriott
In this series, we interview compliance officers and other financial crime experts to find out the latest career tips, industry insights, and interesting trends you need to know. Sign up for our newsletter so you don’t miss out on upcoming interviews! In this installment of our Fincrime Fighters Expert