The Risk of Relaxed Regulations in Finance: How WhatsApp Chats Triggered Billion-Dollar Fines
- A $200 million fine in 2021 exposed off-channel communication breaches. Within two years, fines reached $1.8 billion across 16 firms.
- The SEC focused on enforcement, not tools. Retroactive penalties show delayed oversight still brings consequences.
Monday, 09/06/2025 | 09:32 GMT by
David Clee
From WhatsApp Fines to Audit Delays: How a “Single Pane of Glass” Prevents Costly Mistakes
- A “Single Pane of Glass” unites compliance, IT, and risk teams, reducing false positives and improving response times.
- Banks face billions in fines for poor digital oversight. A unified platform helps track channels, flag risks, and ensure compliance.
Monday, 28/04/2025 | 08:39 GMT by
David Clee
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