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New research from LSEG reveals that financial institutions and designated non-financial businesses and professions (DNFBPs) are increasingly struggling to manage compliance risks due to poor-quality and outdated screening data. Based on feedback from 400 senior compliance leaders, the report underlines the importance of timely and accurate data in today’s complex regulatory environment.One major concern is the lack of speed in data updates—over 50% of respondents said they receive sanctions information after 24 hours or more, which puts them at risk of breaching regulatory requirements. Additionally, 32% reported false positive rates of up to 30% in a typical month, adding to…

New research from LSEG reveals that financial institutions and designated non-financial businesses and professions (DNFBPs) are increasingly struggling to manage compliance risks due to poor-quality and outdated screening data. Based on feedback from 400 senior compliance leaders, the report underlines the importance of timely and accurate data in today’s complex regulatory environment.One major concern is the lack of speed in data updates—over 50% of respondents said they receive sanctions information after 24 hours or more, which puts them at risk of breaching regulatory requirements. Additionally, 32% reported false positive rates of up to 30% in a typical month, adding to…

KYC Portal has launched a new feature aimed at enhancing compliance workflows by allowing users to create pre-defined search lists, offering a more efficient approach to managing perpetual KYC.Unlike traditional periodic reviews that rely on large-scale, infrequent checks, KYC Portal enables real-time risk alerts that prompt smaller, ongoing tasks. These may include document expirations, data submissions, risk reclassifications or false positives flagged by screening tools—automatically generating a queue of tasks aligned to user roles.To help streamline task allocation, many firms assign specific task types or application sets to designated teams. Now, with the new feature, compliance managers can create fully…

KYC Portal has launched a new feature aimed at enhancing compliance workflows by allowing users to create pre-defined search lists, offering a more efficient approach to managing perpetual KYC.Unlike traditional periodic reviews that rely on large-scale, infrequent checks, KYC Portal enables real-time risk alerts that prompt smaller, ongoing tasks. These may include document expirations, data submissions, risk reclassifications or false positives flagged by screening tools—automatically generating a queue of tasks aligned to user roles.To help streamline task allocation, many firms assign specific task types or application sets to designated teams. Now, with the new feature, compliance managers can create fully…

WASHINGTON (AP) — President Donald Trump’s feud with America’s elite universities is lending momentum to Republicans on Capitol Hill who want to increase a tax on wealthy college endowments by tenfold or more.House Republicans already were considering a hike in the tax on college endowments’ earnings from 1.4% to 14% as part of Trump’s tax bill. As the president raises the stakes in his fight with Harvard, Columbia and other Ivy League schools, lawmakers are floating raising the rate as high as 21% in line with the corporate tax rate. It appears no decisions have been made.In a letter blocking…

WASHINGTON (AP) — The Scripps National Spelling Bee won’t be so quick to force spellers into a lightning-round tiebreaker to decide a champion this year, a shift that follows criticism of the abrupt ending to last year’s competition.Scripps has eliminated its requirement that the tiebreaker known as a “spell-off” be used when the bee finals are nearing the end of their two-hour broadcast window and a champion has not been decided. Instead, judges will have more discretion to let the bee play out, even if it runs into overtime.“We don’t have those constraints in place that will force us into…

Kindervag is a hacker – sort of. But he is not the sort of hacker we have come to expect. John Kindervag is best known for developing the Zero Trust Model in 2009 while he was a principal analyst at Forrester Research. In essence, zero trust is based on the principle of ‘never trust, always verify’. He is currently, since September 2023, Chief Evangelist at Illumio, where he is tasked with “driving the adoption of Zero Trust Segmentation through high-touch advocacy and forward-thinking thought leadership”.  He is not the typical hacker in today’s terminology. In our series of conversations with…

Individuals may work closely with AI agents as they become increasingly prevalent in the workplace. According to a report by Boston Consulting Group, the market for AI agents is expected to grow at a 45% compound annual growth rate over the next five years. Just like human employees, AI agents could be onboarded to learn various roles, access company information and business contexts, and integrate into workflows. In addition, unlike traditional automation tools, AI agents have the potential to constantly adapt and improve their operations. Relevance AI, a San Francisco- and Sydney-based startup developing an AI agent “operating system” to…

In 2024, the Australian Parliament passed the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill, significantly expanding the country’s financial regulatory framework. The legislation will bring approximately 100,000 additional businesses under the supervision of AUSTRAC, Australia’s financial intelligence agency. These newly included organisations fall into the category of so-called Tranche 2 entities. Moody’s has put together a comprehensive guide outlining what these firms need to know by 2026.At the heart of the reforms is a shift to a risk-based approach for KYC and compliance. This allows organisations to align risk assessments and protocols with their specific risk appetite.By focusing on…

Threat actors have been observed launching a second wave of attacks against SAP NetWeaver instances that were compromised via a recent zero-day vulnerability, enterprise application security firm Onapsis warns. The zero-day, tracked as CVE-2025-31324 (CVSS score of 10/10), was disclosed on April 24, after SAP updated its April 2025 Security Patch Day bulletin to add a fresh note addressing it. In-the-wild exploitation of the bug was observed by cybersecurity firm ReliaQuest on systems that had the latest patches installed and was associated with initial access brokers. According to Mandiant, the flaw had been exploited since at least mid-March 2025. SAP,…