Regulatory & Compliance

Federal authorities have indicted 18 individuals in connection with a complex bank fraud and money laundering scheme that spanned multiple states and impacted several financial institutions in Iowa. The indictment sheds light on a sophisticated operation involving defendants from Arizona, Iowa,

In the aftermath of significant bank failures last year, the Federal Reserve is pushing to increase capital requirements for large banks. While aimed at bolstering financial stability, these "Basel Endgame" regulations have met with resistance from financial institutions concerned about

The rapid surge in collaborations between banks and fintech companies has drawn significant attention from U.S. financial regulators. With an increasing emphasis on ensuring financial stability and consumer protections, regulatory bodies such as the Federal Reserve System (FRB), Federal Deposit

Navigating the labyrinth of US financial regulations can be a daunting task for non-US financial institutions. With the growing reach of these regulations globally, institutions must now, more than ever, align their practices with US standards to avoid severe penalties and disruptions. This guide

The Financial Ombudsman Service (FOS) has reported a significant surge in fraud and scam complaints, reaching levels not seen in the past six years. Between April 1 and June 30, consumers lodged 8,734 cases, marking an astonishing 43% increase compared to the same period in 2023. This surge is the

The rapid growth of digital banking, alongside increasing incidents of account takeover (ATO) fraud, has propelled banks to seek more advanced security measures. Traditional biometric systems, such as facial and fingerprint recognition, have been a popular choice, but they come with inherent