12/28/2018
In truth, the lawsuit contends, the returns were not profits from investments, but “were simply reallocations to older investors of new investors’ assets” in a classic Ponzi scheme configuration.
12/23/2018
A “regulatory sandbox,” as explained by The National, is a “framework that facilitates the development of the financial technology industry.”
12/23/2018
The Code published today seeks to protect the public and to clarify the Authority’s expectations in terms of the custody of digital assets.
12/21/2018
The Federal Council is a seven-member body that serves as the executive branch of the Swiss national government.
12/21/2018
It is clear that the Government and the FCA share the Committee’s concerns on crypto-assets, including the lack of regulation, minimal consumer protection, and anonymity aiding money laundering.
12/21/2018
The note confirms that separate draft regulations and more detailed guidance will be published in the next few weeks but, in the meantime, it clarifies at a high level a number of key issues for organisations both within the UK and outside but doing busin
12/20/2018
ATV will provide seed investment to early stage companies that improve and facilitate access of essential goods and services to the underserved, effectively promoting inclusive growth.
12/17/2018
In addition, the draft rules involve steps to safeguarding customers interests, cybersecurity risk management, and technology standards.
12/17/2018
This news may not be a big deal to some, but it’s another sign that Nubank is moving along fairly well and trying to shake up the old order.
12/17/2018
TransferMate - a part of Terry Clune's Taxback Group and which has added 170 jobs in the past year alone - has regulatory approval across the EU, the US and a range of other markets.
12/16/2018
The central bank has set December 31 as the deadline for feedback on the proposed regulations
12/14/2018
FCA Occasional Papers in financial regulation
12/14/2018
The updated Financial Crime Guide sets out guidance for firms on financial crime systems and controls, including insider dealing and market manipulation.
12/14/2018
Lower threshold of taxable revenues made in EU
12/14/2018
Ndabeni-Abrahams said her department is ramping up cyber safety efforts in preparation for the festive season.
12/13/2018
Part of the Basel III framework, the BSP had initially decided not to adopt the CCyB, which requires banks to maintain additional capital during periods of excessive credit growth
12/12/2018
Finantix founders and the management team will continue to lead the company to achieve a shared vision and to ensure high service quality to all existing and future clients.
12/12/2018
The company subsequently ran afoul of Gibraltar financial authorities and has now settled.
12/11/2018
The Hague-based company, which serves about 29 million customers and employs over 28,000 people worldwide, wants digital scale up to improve customer self service and cement its position in the market.
12/09/2018
The numbers suggest that less than 2% of reported money laundering cases involved cryptocurrency.