After a flurry of AI-related papers from the previous UK Conservative government and regulators in 2023 and the first half of 2024 (and the establishment of the UK’s AI Safety Institute and the AI Policy Directorate),...more
As financial crime risks evolve, including those risks posed by the use of AI and other emerging technologies, so too must firms’ financial crime compliance response. It is unsurprising, therefore, that AI forms part of both...more
1/31/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Financial Conduct Authority (FCA) ,
Financial Crimes ,
Financial Services Industry ,
FinTech ,
Machine Learning ,
Popular ,
Regulatory Requirements ,
Risk Management ,
Third-Party ,
UK
The 2024 CrowdStrike outage and the ransomware attack on NHS partner Synnovis hit mainstream news and highlighted the fragility of ICT supply chains and the risks posed by cyber incidents....more
1/31/2025
/ Cyber Attacks ,
Cyber Incident Reporting ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Data Protection ,
EU ,
Financial Institutions ,
Financial Services Industry ,
Popular ,
Ransomware ,
Risk Management ,
Risk Mitigation ,
UK
On 21 February 2019, the FCA issued its first competition law infringement decision since it was given competition law powers on 1 April 2015. Three asset management firms were found to have shared strategic information...more