08/18/2023
Netwealth targeted by scammers in clone attack
The FCA warned that this firm is not authorised but has been contacting people pretending to be an authorised firm.
Legal,Regulation,Tax & Compliance
08/17/2023
MAS’ AML/CFT Inspections Put Wealth Management Firms on Notice
The inspections of wealth management FIs are part of MAS’ ongoing efforts to strengthen Singapore’s AML/CFT regime.
08/17/2023
Visa faces DoJ probe into tokenisation technology pricing
The company offers merchants a lower price if they use it.
08/17/2023
Virtual assets firm M2 secures Abu Dhabi nod to offer crypto services
ADGM's FSP license entails M2 to offer institutional and retail clients in the UAE the ability to buy, sell and maintain custody of virtual assets
08/17/2023
Sumsub enhances Wirex’s virtual asset transfer and compliance with new partnership
This will encompass thorough KYC checks, AML screenings, and a host of verifications that align with regulatory mandates and Wirex’s unique business specifications.
08/16/2023
Experian charged with spamming customers who signed up to protect their identity
Consumers who wish to freeze or take other steps to manage their Experian credit information online must create an account with ECS.
08/16/2023
Currencycloud Almost Doubles Customer Base in Oceania Following AFS Licence
With increased local capacity, the company will now look to diversify its client portfolio across sectors including regulated derivative brokerages, PSPs and wealthtech companies.
08/15/2023
UK – Court of Appeal overrules first instance judge on Bitcoin File Format question
Since some of the defendants were based outside of the jurisdiction, Dr Wright required permission of the court to serve his claim form.
08/14/2023
How Anti-Gambling Regulations Indirectly Boosted Crypto in South Korea: Tiger Research Report
This suggests that while Upbit accounts for the world’s second-largest trading volume, 13 per cent of Binance’s trading volume is from South Koreans.
08/14/2023
Bank of Canada paper casts doubt on CBDC value
Nearly all - 98% - of Canadian adults have a bank account, while 87% have a credit card and internet access is high.
08/14/2023
FinTech And Blockchain In The Caribbean
Both the Cayman Islands and the BVI have introduced their own set of specific legislation dealing with digital assets
08/14/2023
Sam Bankman-Fried sent to jail after bail revoked
The ‘king of crypto’ has been accused of witness tampering and will now wait for his trial behind bars.
08/11/2023
UK government moves towards offering open banking payments for public services
GOV.UK already offers mobile wallet payments and will be looking into how open banking can be integrated later this year
08/11/2023
Crypto exchange Bittrx agrees $24m SEC settlement
Before the SEC charges, Bittrex had already said that it would shut up shop in the US by the end of April, citing the "current US regulatory and economic environment".
08/10/2023
Bank of England recruits academics to advise on digital pound design
The AAG will be jointly run by the Bank of England and HM Treasury and will be expected to generate expert academic input on a range of topics related to retail CBDC.
08/09/2023
Tandem Bank boots interest rates to 5%
Green digital bank Tandem joins Monzo, Chase and Starling in upping its savings rates following the Bank of England rate hike.
08/09/2023
More banks pay multi-million dollar penalties over WhatsApp use
The latest settlements come after the SEC in September fined firms including Bank of America, Citi and Goldman Sachs a total of $1.1 billion.
08/09/2023
South African regulator wants Vodacom Group’s $696mln fiber deal blocked
Vodacom says it will appeal the decision
08/07/2023
Tookitaki rreleases Compliance-as-a-Service offering
This innovative SaaS offering, optimised for cost and efficiency, gives financial institutions (FIs) access to Tookitaki’s flagship compliance solution
08/04/2023
Payoneer acquires data platform Spott
Spott’s technology will enable Payoneer to better understand and serve customers