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JWG to help tackle $1.6 trillion crime challenge
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18 May
2018

JWG to help tackle $1.6 trillion crime challenge

At JWG we are pleased to announce our involvement with the FCA this month at their AML & Financial Crime International TechSprint. This TechSprint will attempt to increase understanding of how to increase the hit rate of detection of $1.6 trillion of illicit proceeds up from 1%. Clearly, there are real benefits to be had!..

14 May
2018

RegTech 2018: Keynote presentation now available

  • 14th May 2018
  • Eman Galea

The PowerPoint slide show in the clip above is a presentation which was delivered by JWG’s CEO, PJ Di Giammarino, at an Financial Conduct Authority (FCA) Roundtable hosted by Burgess-Salmon and Grant Thornton on 10 May 2018. The main issues addressed in the presentation are summarised in this article.   

11 May
2018

Brexit and financial services: what we know so far

  • 11th May 2018
  • Tom Bicknell

One of the key conclusions reached at our Capital Markets conference on 7 March  was that regulatory divergence as a potential consequence of Brexit is currently one of the main worries for financial firms. When polled, 53% of our audience indicated that Brexit will be their next significant regulatory challenge. This anxiety derives mainly from..

23 Apr
2018

New regulatory fines to penalise bad culture?

The CEO of a major bank admits wrong-doing and pays a fine in the UK, while the NY DFS still mulls the case over. The same day, a different CEO has to tell his shareholders that his bank will pay $1 billion fine for poor practices. Quite a different result for breaking a rule. With..

09 Apr
2018

Breaking down barriers: the new holistic surveillance paradigm

  • 9th April 2018
  • Yogini Patel

At this year’s RegTech Capital Markets Conference a debate took place on the benefits of using RegTech for trade surveillance in the context of the evolving technical landscape, led by expert industry professionals on compliance and surveillance. Taking into consideration the volume and quality of data firms are expected to monitor, whether the current system..

28 Mar
2018

RegTech and innovation – making it safe

  • 28th March 2018
  • Eman Galea

When 350 senior individuals from more than 65 financial institutions, as well as the vendor and regulatory community, met at this year’s JWG RegTech Capital Market Conference ‘innovation’ was at the top of everyone’s agenda. Perhaps this is not surprising – given the new disruptive technologies being controlled in a fast-changing, and fiercely competitive market...

16 Mar
2018

KYC and RegTech: innovating to regain control

One of the hot topics at our Capital Markets Conference this year was how RegTech could help institutions with their Know Your Client (KYC) obligations. With an expert panel from a range of backgrounds presenting fascinating perspectives on this current issue, a issues were given fresh attention ranging from artificial intelligence (AI), blockchain, data architecture..

02 Mar
2018

A paradigm shift for KYC/AML compliance

  • 2nd March 2018
  • Eman Galea

Several interconnected global trends have heightened the risk banks face when combating financial crime. First, regulators are continually revising rules as they expand their focus from organised crime to global terrorist networks, many of which have grown more sophisticated in recent years. Second, integrated networks and an increase in cross-border transactions have left gaps in..

22 Feb
2018

A DLT-based approach for more efficient regulatory reporting

  • 22nd February 2018
  • Eman Galea

Following a successful seventh reporting and reference data special interest group (RRDS 7) at the Financial Conduct Authority (FCA) on 13 February 2018, participants met for the usual post-RRDS drinks and networking session. At one point during the evening, we found ourselves mediating a friendly debate between two senior compliance officers on the post-trade reporting..

21 Feb
2018

RegTech and trading: re-gaining control

  • 21st February 2018
  • Daniel Simpson

For years the industry has been at work on the construction site of MiFID II. This has produced a building of basic structural integrity, but one that remains incomplete, and one that has required such a singular focus that surrounding constructions have been neglected. MiFID II is one of the biggest regulatory changes since the..