Publications

Article 11 Jun 2024 - 6 minutes read

Unlock hyperpersonalized (beyond) banking ecosystems

Thanks to new technology like GenAI, and related regulations around open banking, data protection, and AI usage, banks can finally create ecosystems that focus on tailored services for different client segments. This is another step towards increased client-centricity in financial services.

Article 13 Oct 2021 - 3 minutes read

Hong Kong: virtual asset service providers take shape

Following the public consultation on the legislative proposals to introduce a new licensing regime for virtual asset services providers (VASP) which aims to enhance AML/CTF regulation in Hong Kong, the FSTB issued the conclusions of the public consultation (“Consultation Conclusions”) on 21 May [1].

Article 19 Jul 2021 - 4 minutes read

Decoding the Bank Secrecy Act & AML Manual

On June 21, 2021, members of the FFIEC released several updated sections and related examination procedures to the Bank Secrecy Act/Anti-Money Laundering Examination Manual that provide instructions to examiners when assessing the adequacy of a bank’s BSA/AML compliance program.

Article 27 Apr 2021 - 11 minutes read

Key Focus Areas From 2021 SEC and FINRA Priorities Reports

FINRA and the SEC published their annual Risk Monitoring and Examination Reports highlighting the focus areas that member firms will be evaluated on this year. We will cover several focus areas as well as fines that the two regulators levied on their members in Q4 2020, and discuss trends for 2021.

Article 09 Dec 2020 - 6 minutes read

Are recent FATF updates affecting your customers’ risk ratings?

The FATF’s Jurisdictions under Increased Monitoring list is used as a reference for Money Laundering risk by financial institutions all over the world. In this article, we explore its latest update.

Article 27 Oct 2020 - 3 minutes read

Proposed Rule on Modifications to the Record Keeping and Travel Rules

Insight