Managers of Wealth Fintech

IT consultant found guilty of murder of Cash App founder Bob Lee

The jury spent seven days deliberating the evidence before giving their verdict.

Bulgarian market successfully joins EU's Target Instant Payment Settlement service

The move supports Bulgaria’s plan to join the euro area.

CFPB Finalizes Rule to Supervise Large Nonbank Digital Payment Companies

Digital payment apps have rapidly transformed from a convenience to an essential financial tool for millions of consumers.

SEC charges Cantor Fitzgerlad over misleading Spac disclosures

Cantor Fitzgerald has agreed to pay a $6.75 million civil penalty to settle the SEC’s charges.

Ireland to prepare new AML legislation on crypto assets ahead of December EU deadline

Ireland has emerged as an attractive destination for crypto firms setting up their European operations.

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.

Legal,Regulation,Tax & Compliance