IFX Markets Limited, a UK primary market maker, will implement STB Systems’ STB-Detector and STB-Reporter, in a bid to strengthen anti-money laundering controls and automate regulatory reporting. STB-Reporter will deliver a regulatory and compliance database to automate a number of key regulatory controls, specifically combining anti-money laundering and automated reporting to the Financial Services Authority. STB-Detector, the anti-money laundering system, will analyse all daily account movements for suspicious activity. A history of individual client activity is built against which ongoing account movements are checked. As well as spotting unusual transaction flows within an account, the system will identify unusual activity across peer groups of similar accounts, providing IFX with an automatic analysis of everything the system considers suspicious.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.