10/04/2021
MAS and Financial Industry to Use New Digital Platform to Fight Money Laundering
MAS seeks feedback on the proposed legislative framework for COSMIC, as well as the platform’s features.
Legal,Regulation,Tax & Compliance
10/04/2021
IMF recommends CBDC and global crypto standards for financial stability
The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.
10/04/2021
Technical Whitepaper on Retail Central Bank Digital Currency
This Whitepaper is the first among similar papers published by central banks to unveil a technical architecture that includes a ground breaking privacy preservation arrangement that allows transaction traceability in a privacy-amicable manner.
10/04/2021
Do we need tighter regulations for fintech?
Rise of fintech companies have helped the banking system for quicker, easier transactions yet fresh challenges have emerged that worry the reglator.
10/03/2021
Millions stolen from Barclays accounts by Monzo fraudsters
Criminals using Monzo account carried out the thefts using a new money transfer method called Pisp, or payments initiation service provider
10/01/2021
FinTech Australia releases regulatory map for incoming global fintech companies
The regulation map is available for free on FinTech Australia’s website, building on the number of resources FinTech Australia is providing to the broader fintech community.
10/01/2021
New Zealand central bank opens consultation on future of money
He notes that two years ago the Bank's work was focused on the future of cash, but now it has broadened out to consider the future of money.
09/30/2021
Dubai Economy signs deal to participate in UAE KYC Blockchain Platform
Work is underway to complete the connectivity between the UBR Blockchain Platform and the KYC Blockchain Platform by Q4 2021
09/29/2021
MFSA issues warning about three different online entities
Two of those companies appear to be clones of legitimate ones, with the third appearing to be an unlicensed entity.
09/28/2021
Citi fined $1 million for swap data reporting violations
The order also charges Citi for violating the cease and desist provision of a 2017 CFTC order relating to reporting and supervisory failures.
09/28/2021
Currency Of The Future: A BVI Perspective On Litigating Cryptocurrency
The joint liquidators were appointed and upon appointment, secured the Company's cryptoassets.
09/28/2021
FINRA Targets Firms' Social Media Activity
FINRA will look at how firms acquire customers through social media, particularly through outside influencers with large online followings.
09/27/2021
ESMA Consults on Proposals for a Review of the MiFID II Best Execution Reporting Regime
These proposals aim at ensuring effective and consistent regulation and supervision and enhancing investor protection.
09/26/2021
UAE Authorities Sign Deal To Support Cryptocurrency Trading
The agreement establishes a framework that allows the DWTCA to issue the necessary approvals and licenses for the conduct of financial activities relating to cryptocurrencies.
09/24/2021
Dramatic rise in fraud and scam complaints
Financial Ombudsman Service warns of fraud danger as it continues to help high numbers of customers.
09/23/2021
Cryptocurrency exchange linked to ransomware attacks is sanctioned by US
US Treasury says 40 per cent of SUEX transactions linked to 'illicit actors'
09/23/2021
Switzerland Tightens Rules for Crypto Providers
The Financial Action Task Force, or FATF, recently updated two-year-old guidance on digital assets.
09/22/2021
Stripe launches Revenue Recognition to simplify accounting
Stripe Revenue Recognition was built especially for fast-growing businesses with subscription-based or recurring revenue models.
09/21/2021
US to target cryptocurrency firms involved in ML
The US government is reportedly set to prepare an array of actions, including sanctions to deter cryptocurrency firms getting involved in ransomware and laundering.
09/21/2021
Software = Goods says European court
The question matters because commercial agents who sell goods on behalf of a principal (and who also satisfy other criteria) are protected by the Regulations, whilst agents who promote a principal's services, are not.