German financial regulator, BaFin, has published a statement threatening to take action if Deutsche Bank does not work faster to address failings in its AML measures.
The UK’s Financial Conduct Authority has highlighted the role of the so-called First Line of Defence in detecting and fighting financial crime.
Open Banking promises much – reduced transaction costs, faster transactions and engagement with whole new initiatives. However, there are significant risk management challenges, too.
A recent review by the UK’s Financial Conduct Authority (FCA) has highlighted weaknesses in the way challenger banks assess risk.
RiskBusiness is an international Governance, Risk, Audit and Compliance (GRAC) solution provider, with more than 200 financial services firms currently using our SaaS (Software-as-a-Service) solutions globally.