The financial industry has been undergoing a seismic shift in the past decade, primarily driven by advancements in technology. One of the key areas where this impact is most felt is in regulatory compliance, where Regulatory Technology, or 'RegTech', presents cutting-edge solutions to age-old
Understanding FinCEN's Enhanced AML Regulations The Scope of the New AML Requirements FinCEN's regulatory expansion is a targeted strike against money laundering in the residential real estate sector. Given the anonymity afforded by all-cash transactions, these purchases have become a blind spot in
How Will the EU's New AML Laws Impact Financial Oversight? The European Union has taken a significant step forward in its ongoing battle against money laundering and terrorist financing with the adoption of a comprehensive Anti-Money Laundering legislative package on April 24, 2024. This strategic
In an era where regulatory scrutiny and market demands intensify, the financial services industry is embracing RegTech solutions to contend with the growing specter of conduct risk. Cognitive View is pioneering this stride forward, positioning itself as a crucial player in the automation of
Binance, a leading cryptocurrency exchange platform, has been grappling with heightened legal scrutiny by U.S. regulatory bodies. With the recent filing of federal charges by the U.S. Department of Justice, the company is confronting allegations of violating anti-money laundering statutes and
The U.S. banking sector is facing heightened regulatory scrutiny as the Federal Deposit Insurance Corporation (FDIC) evaluates the need for more stringent oversight of large asset managers like BlackRock and Vanguard. These firms have amassed considerable passive stakes in various banks, prompting
