09/25/2023
CFPB proposes sweeping changes for the handling of consumer data
Under current regulations, the sale of credit report data is strictly limited for any other reason other than what Congress has specified as permissible purpose.
Legal,Regulation,Tax & Compliance
09/25/2023
Hong Kong to strengthen digital currency regulations after JPEX collapse
“The SFC will monitor the situation very closely and ensure that investors are sufficiently protected.”
09/22/2023
How banks are trying to get in front of new AI rules
Banks can use AI in every line of business, including commercial, retail and trading.
09/22/2023
eToro to offer crypto services across EU with Cyprus registration
eToro is authorised and supervised by a number of regulatory authorities in multiple jurisdictions around the world
09/21/2023
Fintech Regulations: New Solutions in a Complex Landscape
Clients may be verified correctly at the beginning, but fraud happens at later stages.
09/20/2023
Ex-Deutsche Bank investment banker pleads guilty to crypto fraud
U.S. prosecutors and regulators have been working to crack down on fraud involving digital assets.
09/20/2023
SEC predicts further crypto charges as enforcement battle continues
We're going to continue to be active as to intermediaries.
09/19/2023
First AML launches new AML platform, Source
Created for compliance teams in financial services, law firms, accounting firms and real estate agencies, the platform empowers businesses to save valuable time, reduce costs, and eliminate frustrations associated with AML compliance.
09/18/2023
Intesa Sanpaolo Bank Albania implements Profile Software’s Treasury platfom
The latest version of Acumen.plus, the leading treasury management platform from Profile Software, featuring new and updated functionality for automated tasks, has been implemented at Intesa Sanpaolo Bank Albania.
09/18/2023
How FinTech’s rise demands a proactive approach to regulatory management
The FinTech revolution continues to challenge traditional banking methods.
09/15/2023
Growing Risks from Europe’s Shadow Banking Demand Greater Regulatory Scrutiny
The combined assets of such entities in Europe have more than doubled since the 2008 Global Financial Crisis from €15 trillion to €31 trillion.
09/14/2023
CIMA amends guidance to accommodate e-KYC and Digital ID Systems
If applied correctly the use of e-KYC has many benefits.
09/13/2023
$1.5 Trillion Asset Manager Franklin Templeton Files For US Bitcoin ETF
Franklin Templeton has filed a regulatory Form S-1 with the U.S. Securities and Exchange Commission (SEC) seeking approval for a spot Bitcoin ETF.
09/12/2023
Fintech Leads For New Unicorns In August And Two Companies Prepare To Exit
Beijing-based cryogenic equipment manufacturer Fullcryo raised a $111 million Series C that valued the company at $1 billion.
09/08/2023
CFTC issues orders against 3 DeFi operators for illegal derivatives trading
ZeroEx, Opyn and Deridex are also charged with illegally offering leveraged and margined retail commodity transactions in digital assets.
09/07/2023
Jersey Finance Welcomes Virtual Assets Regulatory Amendments (VASPs)
The new regulations, which were approved in July this year following a public consultation, introduce a ‘travel rule’ for businesses undertaking the transfer of digital assets
09/07/2023
Iosco consults on new DeFi regulatory proposals
The Recommendations cover six key areas
09/06/2023
Interplay between the application of competition and data protection rules
National competition authorities may conclude that a breach of data protection law has taken place and come to their own conclusions
09/06/2023
Regulator sues Westpac over financial hardship notice response delays
All of these customers told Westpac they were experiencing financial hardship.
09/05/2023
Incumbent banks ramp up in-office requirements
Banks are starting to monitor employee office attendance, with Citi cutting bonuses for staff that fall below three days a week