200 law firms suspended in UAE for failing to comply with anti-money laundering procedures
Abu Dhabi: A total of 200 law firms in the UAE that had failed to comply with anti-money laundering procedures have been suspended from...
Goldman Pays Billions—And Takes Millions From Top Execs—To End 1MDB Scandal
The bank will pay nearly $3 billion and recoup $174 from executives Goldman Sachs Group Inc. on Thursday admitted it broke U.S....
Goldman Sachs to pay $3bn over 1MDB corruption scandal
Photo: Richard Drew/AP Photo, File Goldman Sachs has agreed to pay nearly $3bn (£2.3bn) to end a probe of its role in the 1MDB corruption...
MAS, IBF Take Steps to Prevent Financial Sector Job Losses
IBF will run surveys every six months to obtain data about job losses at FIs to offer their staff reskilling support and possible...
Why is the legal industry so resistant to tech. Or is it?
Legal Technology or LegalTech, (sometimes also referred to as LawTech) is a broad term encompassing any software or technologies that...
Regulators Fine Citigroup $400 Million Over ‘Serious Ongoing Deficiencies’
Fed, OCC order the nation’s third-largest bank to fix its risk-management systems Federal banking regulators on Wednesday fined Citigroup...
MAS orders Wirecard to cease credit card and other payment services in Singapore
The Monetary Authority of Singapore (MAS) has directed Wirecard entities here to cease their payment services in Singapore, it announced...
The FinCEN leaks reveal a failing system, not failing banks.
Banks and bankers’ reputations are currently at an all time low with outcry over the FinCEN file leak. However, to what extent are banks...
