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INSIGHT: Swiss regulator scrutinises KYC processes being used by UBS, CDD to onboard risky wealthy Credit Suisse clients

Premium July 30, 2024
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NEWS: FCA chair Ashley Alder cleared of wrongdoing despite revealing whistleblower’s identity

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NEWS: Europol says AI facial recognition technology could help stop ATM scams

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NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

By Stefania Spezzati and Oliver Hirt SWITZERLAND’s financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse. It comes as the regulator FINMA signalled it is taking a hands-on approach to the bank’s integration of its fallen rival. Earlier this year, FINMA reviewed the filters UBS…

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Premium

NEWS: FCA chair Ashley Alder cleared of wrongdoing despite revealing whistleblower’s identity

 Premium

NEWS: Europol says AI facial recognition technology could help stop ATM scams

 Premium

NEWS: Luxembourg’s CSSF regulator says new anti-corruption rules will be ‘focal point’ in money laundering fight

Regulatory Watch News

  • Commerce Announces Proposed Rule to Secure Connected Vehicle Supply Chains from Foreign Adversary Threats

    US Department of Commerce

    Washington, D.C. – Today, the U.S. Department of Commerce’s Bureau of Industry and Security (BIS) published a Notice of Proposed Rulemaking (NPRM) that would prohibit the sale or import of connected vehicles integrating specific pieces of hardware and software, or those components sold separately, with a sufficient nexus to the People’s Republic of China (PRC) or Russia.

  • How AI Can Strengthen Law Enforcement: Insights from Europol’s New Report

    Europol

    A newly published report by Europol’s Innovation Lab explores the ways in which artificial intelligence (AI) can revolutionise law enforcement operations. By harnessing AI's advanced capabilities, law enforcement agencies can process vast datasets more efficiently, enhancing their ability to detect and counter criminal activity. AI tools can streamline decision-making processes at both operational and strategic levels, enabling authorities to better identify and address criminal threats at their core.

  • September 25: FinCEN Virtual Info Session on Beneficial Ownership Reporting

    FinCEN

    The Corporate Transparency Act requires many companies doing business in the United States to report information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) about who ultimately owns or controls them. Join a FinCEN representative for a virtual information session on beneficial ownership information (BOI) reporting requirements and how to comply with the law.

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