News

Prime Minister Theresa May faced calls to publish the legal advice setting out how the UK could end a ‘backstop’ customs arrangement with the EU. Theresa May has faced demands from both her own Cabinet and her Democratic Unionist Party allies to show the full legal advice behind her Brexit plans. The Cabinet is on stand-by […]

Organizations Must Comply With Data Breach Reporting Requirements or Face Fines Private sector organizations in Canada must now report all serious data breaches to the country’s privacy watchdog. As of Nov. 1, new provisions in the country’s Personal Information Protection and Electronic Documents Act came into force, which include mandatory tracking of all data breaches […]

HSBC has said some of its US customers’ bank accounts were hacked in October. The lender said that the perpetrators may have accessed information including account numbers and balances, statement and transaction histories and payee details, as well as users’ names, addresses and dates of birth. The BBC understands the firm believes that fewer than […]

‘DIRTY money’ from around the world is being funnelled through Jersey to avoid public scrutiny, according to a senior British politician campaigning to improve transparency. Dame Margaret Hodge MP has launched a stinging attack on the Island’s government and finance industry for failing to make its beneficial ownership register public. Jersey, like other Crown Dependencies, […]

Package for better market supervision. Australia’s prudential regulator has been handed $58.7 million to address emerging risks areas stemming from cyber and fintech and improve its data collection capabilities The new funding, to be provided over the next four years, is intended to support the Australian Prudential Regulation Authority (APRA) strengthen its supervision of the […]

The panel   Robert Beixiao Liu, Founder and chief executive officer, Nanling Global Lester Joseph, Manager, Global Financial Crimes Intelligence Group, Wells Fargo Christopher Ruzich, Senior manager, Major Cases and Sanctions Group, Investigations Unit, Financial Crime Compliance, Americas, Standard Chartered Bank Moderator: Joel Clark, Contributing editor, Risk.net The world of financial crime is evolving at a rapid pace. The tools […]

Figure Eight’s Annual Data Scientist Report is now available. Figure Eight (formerly Crowdflower) has been taking the pulse of the data science community since 2015, and this year’s report focuses on both data scientists’ careers and compares their thoughts on AI with those of ethics professionals. Some of the findings include: 89% of data scientists love their job, […]

Criminals employ a range of techniques to clean their “dirty money”. Professionals working in the accountancy, legal and property sectors are being targeted  because of their expert skills and services (National Risk Assessment 2017), which can give a cloak of legitimacy to illicit cash. This gives professionals a crucial role to play in protecting the […]