Ireland Deputy CB Governor stresses the need for central banks to address evolving financial crime risks, citing the EU’s new AML Regulation aimed at standardising AML efforts across member states

by | Feb 6, 2025

Speaking at the Afore FinTech and Regulation conference, the Deputy Central Bank Governor highlighted that under the new AML package, virtual IBANs linked to other payment accounts must be recorded in national Bank Account Registers to enable law enforcement to trace...

BaFin urges FIs to invest their strong earnings to bolster defences against AI-driven fraud, highlighting generative AI risks, advanced phishing threats, and the need for adaptive security measures

by | Jan 28, 2025

For example, through generative AI. More and more companies in the financial sector are using generative AI or testing its use. And of course, criminals are also using such technologies – to develop new attack methods or malicious code, for example. High quality...

FCA delivers speech at the AFME Annual European Compliance and Legal Conference on the FCA’s evolving enforcement strategy, emphasising the need for faster, targeted investigations to combat financial crime and provide timely market alerts

by | Sep 28, 2024

The FCA is improving its processes and embracing innovation, intervening earlier, acting faster and with more focus. The FCA is taking a targeted, outcomes-based approach, enabling a fair and thriving financial services sector for the good of consumers and the...