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KNOWLEDGE HUB

04 Jan 2023


SOLVING SURVEILLANCE: DETECTING MARKET ABUSE & CONDUCT RISK ACROSS MODERN
COMMUNICATION CHANNELS

In the past 10 months alone, 12 major financial services institutions have been
fined a total of $2 billion for failing to keep records and monitor staff
adequately. This should be a game-changer for those working in the 3 lines of
defence and their senior managers. The fines exceed punishments for similar
lapses in the past, much to the surprise of the banks which admitted publicly
that they had not expected this level of enforcement.

Read the full report.

 



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