The high level of engagement is a positive sign that the ODPA’s key message, for us all to take our data protection responsibilities seriously, is hitting home.
The central bank sets out its findings relating to five key areas: safeguarding; governance, risk management, conduct and culture; business model, strategy and financial resilience; operational resilience and outsourcing; and AML/CFT.
With the in-principle approval, Flywire will be able to provide domestic money transfer services, cross-border money transfer services and merchant acquisition services.
According to one report, banks have been hit with penalties of up to €5 million per month under new CSDR settlement rules. As a result, banks are turning to AI to help.
Pursuant to the transitional provisions, digital asset business operators who had provided custody of clients’ assets prior to the effective date of the regulations are required to fully comply within six months as from the effective date.