European Union (EU) countries have deferred a decision on the proposed Corporate Sustainability Due Diligence Directive (CSDDD), a law aimed at compelling large companies to assess whether their supply chains involve forced labor or contribute to environmental harm. The postponement was prompted by indications from Germany and Italy that they would abstain from voting.
In an era where Artificial Intelligence (AI) is at the forefront of technological innovation, the financial services industry finds itself at a crossroads. As AI becomes increasingly pivotal in shaping the global economy, its potential benefits are matched only by its potential risks. In a recent address, the Chief Data, Information, and Intelligence Officer of the Financial Conduct Authority (FCA), Jessica Rusu, shed light on the critical issues surrounding AI adoption in financial services.
The Singapore government announced today they have plans to form an inter-ministerial panel which will review its anti-money laundering regime in the midst of one of the largest money laundering cases ever.