Knowledge & Training

What is The OCC – Office of The Comptroller of the Currency? An independent bureau of the US Treasury, the Office of the Comptroller of the Currency (OCC) is a regulatory organization which oversees the federal banking system of the […]

What is the NYSDFS? The New York State Department of Financial Services (NYSDFS) is the governmental body responsible for regulating all financial services and products in the state of New York. As a state-level regulatory office, the NYSDFS has a […]

What is the US Securities And Exchange Commission (SEC)? The Securities and Exchange Commission (SEC) is an independent government agency responsible for regulating the securities industry in the United States. In this capacity, it pursues a three-part mission: to protect […]

What Is FINRA (Financial Industry Regulatory Authority)? What is FINRA? The Financial Industry Regulatory Authority (FINRA) is a non-governmental, not-for-profit organization which acts as a self-regulatory body for brokers and dealers in the USA. The largest governing body of its […]

1. Case Management and Audit Trail How easy is it going to be to escalate alerts to more senior staff members, add comments, add attachments and have an audit trail of all activity? Any transaction monitoring system ought to be […]

Transaction monitoring is challenging.  Suspicious activity for one customer is normal business for another. Typologies change constantly, false positives dominate compliance teams’ workflow, and the risk of missing something looms large. Commercial pressures around expansion and rapid growth are at […]

Regulations in Hong Kong: The Hong Kong Monetary Authority What is HKMA? As the central banking institution, the Hong Kong Monetary Authority is responsible for maintaining the city’s monetary and banking stability. The Hong Kong Monetary Authority (HKMA) was established […]

Money services businesses provide currency exchange and conversion services for organizations all over the world. Financial institutions which transmit or convert money fall into the classification of ‘Money Services Business’ (MSB). While they provide some of the same services, MSBs […]

To ensure regulatory compliance, financial institutions are required to consult sanctions lists when conducting business with foreign customers. What is a sanctions list? Sanctions lists contain persons, organizations, or countries that are subject to economic sanctions issued by a government […]

What is the Monetary Authority of Singapore (MAS)? The Monetary Authority of Singapore (MAS) was established in 1970 by act of government, beginning operations as the country’s central bank, and financial regulatory authority, on 1 January 1971. Prior to its […]

Is cryptocurrency legal In Australia? Cryptocurrencies: Legal, treated as property Cryptocurrency exchanges: Legal, must register with AUSTRAC In Australia, cryptocurrency, digital currencies, and cryptocurrency exchanges are legal. In addition to this, Australia cryptocurrency regulations  and laws are also progressive. The […]

Is Cryptocurrency Legal in Latin America? Cryptocurrencies: Laws vary by country Cryptocurrency exchanges: Regulation, laws vary by country Latin America cryptocurrency regulations run the legislative spectrum. Those countries with harsher regulations include Bolivia which has comprehensively banned cryptocurrencies and exchanges, […]