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Steven Price, a senior enforcement official at America's top financial regulator FINRA, has left after six years to join San Francisco fintech Finalis as chief compliance officer, signalling shifts in how technology and AI are transforming Wall Street.
Malaysia's financial regulator warns that institutions must shift from paper-based compliance to data-driven, risk-intelligent systems as digital financial crime grows increasingly sophisticated and transnational.
Capital One has defended its decision to shut down banking services for the Trump Organisation, stating the closure followed a thorough anti-money laundering compliance review by specialist professionals.
Maxim Malaysia's inaugural Safety and Legal Compliance Report reveals that safety-related queries account for less than one per cent of all customer enquiries, with over 90 per cent of issues resolved during the first half of 2026.
Fertiliser manufacturer Cropmate Bhd announced that the Malaysian Anti-Corruption Commission has unfrozen all its previously frozen bank accounts. No arrests or charges have been filed against company personnel.
The MACC has unfrozen all bank accounts of fashion retailer Padini Holdings Bhd following completion of an investigation. No directors, officers or employees were arrested or charged, the company confirmed.
The Dutch central bank has penalised ABN AMRO Bank with an €8.5 million fine for serious gaps in its anti-money laundering safeguards between September 2023 and 2024, highlighting persistent compliance challenges in European banking.
Malaysia's Inland Revenue Board has launched a special voluntary disclosure programme allowing businesses to correct e-Invoice errors without penalties until December 31, 2027, while offering accelerated tax incentives for digitalisation investments.