08/29/2018
Under its terms small institutions, unlike banks, will not for instance have to establish an independent anti-money laundering unit with monitoring duties, it said. The move comes after Switzerland’s parliament voted in June to amend the Swiss
08/29/2018
The launch comes after new UK legislation in the Criminal Finances Act 2017 designed to protect regulated entities when they share information on money laundering suspicions.
08/27/2018
The exemption clears the way for Nikko AM NZ to launch an online service that will begin offering robo-advice to Kiwis via a custom-made digital platform later this year.
08/24/2018
China is poised to block more than 120 foreign cryptocurrency exchanges as part of the government’s broader crackdown on activities related to digital money, according to state media. Authorities will block access in China to 124 websites operated
08/24/2018
Legislation Is Latest Step to Propel Bermuda’s Fintech Initiative Forward
08/24/2018
As a result, the FCA has required many of the robo-advisers which took part to make “significant changes” to their businesses.
08/22/2018
The Brazilian President has approved a law focusing on data privacy that is being called, the ‘Brazilian GDPR’.
08/22/2018
Choi also said that big companies in non-technology business sectors would be banned from becoming a top shareholder of an Internet-only bank.
08/22/2018
Fund administrators have highlighted the importance of the ETF to their growth plans, but operational technology were highlighted as a challenge for growth.
08/21/2018
BitConnect has been accused of operating an exit scam after duping investors out of millions of rupees.
08/21/2018
The SEC’s investigation was conducted by Eric Brooks, Michael Foley, and Ellen Chen, and was supervised by Jeremy Pendrey of the Enforcement Division’s Asset Management Unit in the San Francisco Regional Office.
08/20/2018
The $24 Million Thailand Fraud Case Entangles A Leading Stock Investor And Bank Employees
08/20/2018
The regulation dates back to 1982, when the government attempted to prevent banks from being exploited as the personal piggy banks of chaebol-owner families.
08/19/2018
The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody.
08/17/2018
Without admitting or denying the findings, Ameriprise agreed to be censured and pay a penalty of $4.5 million.
08/17/2018
26 fraudsters were convicted between January and June 2018
08/15/2018
The SEC’s order finds that the defendants’ promotional materials used inflated projections of oil production that were contradicted by the company’s own internal analysis
08/15/2018
ClauseMatch is one such firm, working to standardise and automate processes and workflows across teams within FS firms, reducing costs, speeding up implementation and demonstrating compliance to regulators.
08/14/2018
As a result, many funds have tried to minimize their liabilities without really knowing what the rules are.
08/14/2018
There were two indications last week that regulatory technology's engines are revving up.