Managers of Wealth Fintech

Advising on the world’s first regulated DEX and securing a Class M Digital Asset Business License

This is a significant step forward in bringing decentralized finance (DeFi) to the mainstream.

Klarna fined $50 million over AML violations

In addition, the BNPL giant did not have procedures and guidelines that capture all situations for when due diligence measures should be taken for customers that use Klarna's invoice product.

Turning grey to gold: how simplified compliance drives success in a greylisted South Africa

At the same time, it is critical that these improved FICA compliance strategies don’t hinder client engagement and onboarding – making it important for FSPs to approach compliance holistically.

Digital identity services in Bermuda

Under the supervision of an Office for Digital Identities and Attributes, the UK DIATF defines the rules, standards and governance oversight for all DISPs.

Google files lawsuit over CFPB supervisory order

The suit argues that the supervision is unwarranted, with company representatives reportedly describing consumer complaints cited by the CFPB as “unsubstantiated.”

Advisers increasingly incorporating artificial intelligence tech

There are huge opportunities in the advice market, which is crying out for innovation like this.

US explores feasibility of settlement network for multi-asset transactions

Interoperability is required as at the moment

Crypto.com Gains Mastercard License to Launch Crypto Cards in Bahrain, GCC

This move leverages Crypto.com’s recently acquired license from the Central Bank of Bahrain

BSP May Grant More Than Four New Digital Bank Licenses in 2025

This decision depends on whether applicants can meet the enhanced requirements set by the Philippines central bank.

Bank of Bahrain and Kuwait implements SymphonyAI AML tech

This move is aimed at enhancing regulatory compliance and effectively targeting financial crime.

The UK's Online Safety Act – where are we a year on?

On 19 March 2024, practitioners witnessed the first conviction for cyberflashing under the act.

Reem Finance selects Temenos to power new digital community bank in the UAE

Temenos SaaS enables rapid time-to-market and streamlined scalability, ensuring agility and efficiency as the business grows

Navigating new frontiers in tax compliance with AI technology

AI’s role in enhancing tax compliance primarily focuses on automating mundane tasks such as data entry, document review, and tax calculations.

New regulations reinforce Dubai’s progressive virtual assets landscape

The cryptocurrency market, which experienced a significant downturn with the collapse of FTX Trading Ltd in 2022

Britain’s finance watchdog sets out plan to implement crypto regulation regime by 2026

The U.K.’s Financial Conduct Authority (FCA) unveiled a timeline detailing key dates and milestones it’s working toward on its regulatory roadmap for crypto.

Signicat Taps AsiaVerify to Strengthen its Identity Verification in APAC

The partnership will streamline compliance processes

Central Bank of Brazil to pilot CBDC trade finance solution with Chainlink, Microsoft, 7COMm and Banco Inter

Participants will collaborate on automating supply chain management and other trade finance processes by combining blockchain technology and oracles into a single solution.

Babel Street, IMTF unite to set new standards in international compliance technologies

The partnership aims to address the increasing demand for accurate and efficient name matching across diverse languages and scripts.

Saudi Arabia looks to ‘6G’ age with new regulations

Approval of the regulations comes ahead of the International Forum on Connecting the World from the Skies

Finastra investigates data breach, prioritising customer communication

Finastra notified their customers of the breach on 8 November, providing updates on the investigation process and responding to queries.

Legal,Regulation,Tax & Compliance