Managers of Wealth Fintech

OCC fines American Express $350m

The regulator says the civil money penalty against American Express National Bank relates to alleged "deficiencies in the bank’s Bank Secrecy Act (BSA) and anti-money laundering (AML) compliance program".

Banks Cannot Deduct Debts from a Deceased Client’s Account on Their Own, SC Says

Banks acting as creditors must file their claims with the probate court instead of deducting debts directly from a deceased client’s deposits.

American Express hit with $350m AML penalty

Some of this activity was linked to accounts connected with bank insiders, although the regulator did not name those individuals or describe their positions.

‘Creative’ Laws Underpin LatAm’s Fintech Expansion

Strong regulation and dynamic regulators are helping nurture a fintech boom across the region.

FCA cracks down on finfluencers

Influencers can delete and re-upload posts, and repeat offenders may continue until escalation occurs.

Wise to pay clients' tax bills after third-party software error

The tax error, identified by Wise's internal controls, resulted from the miscalculations made by a third party software provider.

Two expats jailed for online banking fraud

The High Criminal Court convicted the second defendant in absentia and ruled to deport the first defendant after the completion of his sentence.

WIDTH Wins Pan Asian RegTech Solution Provider of the Year

The company marks 12 years of developing technology to help regulated organisations manage compliance and risk.

SEC publishes new crypto custody rules

The proposal was launched by SEC chairman Paul Atkins who noted that the crypto asset market has evolved since the creation of bitcoin in 2008

New York and Wyoming regulators ink virtual currency MoU

The agreement establishes an agreement between the two states with significant experience overseeing digital asset activity.

Ecommpay launches Partial Approval to convert card declines

The feature is aimed at merchants looking to reduce declined card transactions and collect more customer top-ups.

FCA opens the gateway to regulated crypto

This is a significant milestone, not just for the industry, but it signals to those who invest in crypto that the UK is serious in giving them protections they have never had before.

FCA secures money back for victims of crypto fraud

The FCA has identified and contacted victims of the fraud and will ensure that funds recovered through the confiscation process are returned to victims.

ECB invites expressions of interest for digital euro innovation workstreams

Experimentation activities are expected to run from January 2027 to June 2027.

EU Banking Watchdog Urges Brussels to Bring Crypto Lending and DeFi Under MiCA Oversight

Yet the EBA argues the sector is moving faster than the regulation can keep up.

US banks invited to join Apple Pay class lawsuit

Apple has changed its policies since the lawsuit was filed.

Canada’s major banks examine interbank tokenised deposits

The initiative follows regulatory clarification that tokenised deposits are not legally distinct from conventional deposits.

FedNow to enable cross-border payments

Because this means that transfers sent through FedNow can include only two US banks other than a reserve bank, the service can only be used for domestic payments.

Tax compliance platform Numeral raises $100m

For companies operating across states and countries, changes like these create a constant need to monitor new obligations and update their systems accordingly.

Online scams agreement signed between UK and Cambodian governments

The new agreement will encourage the UK and Cambodian authorities to share data, coordinate activity against criminal gangs, bring perpetrators to justice and ensure trafficking victims receive the support they need.

Legal,Regulation,Tax & Compliance