Swedbank can now assess the financial impact from the investigation by the U.S. Treasury's Office for Foreign Assets Control (OFAC) regarding the bank´s historical shortcomings. OFAC's investigation relates to the transactions that the bank has notified the authority about. Swedbank therefore makes a provision of 40 million SEK.
Monnai, a provider of consumer insights infrastructure for financial institutions, has raised $6.5 million in a Series A funding round led by Tiger Global.
Scotland's first bank solely dedicated to small and medium sized business lending has been granted a banking licence by the UK Prudential Regulatory Authority (PRA) and the FCA.
I'm here today to discuss what we have learned from the recent turmoil in the crypto sector and what role supervision and regulation should play in helping banks manage their engagement with the sector and the innovative technologies that support it.
With a background in KYC data and automation services, Mike has spent his career developing global regulatory, financial crime and risk compliance companies with international companies.