Institutions battling insider trading

http://www.mabnapouyesh.com/dfdf/5639 Market firms are at the frontline of the regulatory battle now being waged by the Financial Services Authority and other enforcement agencies against insider trading. The campaign indicated a growing strictness against the offence, as the agency unsuccessfully attempted to fight off government demands for its closure. Sources in the …

Interview with Xavier Rolet

Xavier Rolet, the chief executive of the London Stock Exchange, believes the Armagedon of economic meltdown has probably been avoided. Now is the time to look at the fundamental causes of the crisis, in particular regulation and the costs of trading and clearing. How do you assess the causes and …

Inadequate info sharing is hampering AML investigations, says NCA’s Toon

Slow and inadequate sharing of information between financial intelligence units worldwide is undermining money laundering investigations, said Donald Toon, head of the Economic Crime Command and the Cyber Crime Unit at the National Crime Agency. Toon said new powers contained in the Criminal Finances Bill would make it easier for …

Facial recognition software may aid banks in AML/fraud fight

Video evidence can be a powerful tool but banks have yet to acquire the technology to apply it to their anti-fraud systems, according to Facewatch. The company is using facial recognition software to help firms make better use of video and CCTV systems. Banks’ failure to centralise their CCTV systems …