Managers of Wealth Fintech

FSB says FCA's access to cash proposals lack ambition

Under the FCA’s proposals, designated banks and building societies will need to assess gaps in access to cash.

Nium secures regulatory approvals in India

The two licences will allow the global payments company to offer and improve upon a variety of financial products in the country

Arctic Intelligence introduces free trial for AML Accelerate platform

The platform offers an AML/CTF Program/Policy that is in alignment with the regulations of over 30 countries, promising expansions in the near future.

Westpac fined maximum $1.8 million for "unconscionable conduct" in swaps dealing

Westpac’s unconscionable conduct arose when it engaged in pre-hedging ahead of an interest rate swap transaction with a Consortium comprising AustralianSuper and IFM entities.

EU’s AML regulations to transform crypto and high-value transactions

The proposed AML package promises to instigate sweeping changes across various sectors, marking a pivotal shift in regulatory standards.

Themis expands to Saudi Arabia

The launch of the data centre in Saudi Arabia is a pivotal step in Themis's mission to empower businesses globally

AccessPay strengthens Fraud & Error Prevention Suite

The embedded nature of AccessPay’s CoP service within its platform streamlines processes, eliminating the need for off-platform checks and significantly reducing associated risks.

Nigerian exchanges face licensing hurdles as analysts urge SEC guidelines overhaul

Kue Barinor Paul, a Nigerian Web3 legal representative, said that Nigerian crypto exchanges and VASPs would likely have to merge to afford the SEC license requirement.

CFTC seeks comment on AI use in derivatives markets

This allows us to better align our supervisory oversight and evaluate the need for future regulation, guidance, or other Commission action

Judge refused to let Binance founder Zhao travel to UAE despite his offer to use equity as security

Zhao, who stepped down as CEO because of his plea, is due to be sentenced on Feb. 23, but he has remained free in the U.S. on a $175 million release bond.

What is a crypto trading license and why are offshore companies the best option for this?

As the popularity of cryptocurrency continues to grow, the necessity for proper oversight and licensing to safeguard all crypto-related activity is more pressing than ever.

Digital pound consultation: User privacy and access to cash key concerns

To address these concerns, HM Treasury confirms that if a digital pound were to be implemented, primary legislation would be introduced, and this would guarantee users’ privacy and control.

BIS Innovation Hub discloses first six projects for 2024 work programme

In just over four years, the Innovation Hub has carried out almost 30 projects in various areas and has gone from a handful of people to a 90-strong staff.

TLT completes acquisition for Aryza Group

Aryza is a global software and technology provider that specialises in delivering solutions for business across the credit and debt cycle.

SEC charges Future Fintech CEO with fraud and disclosure failures

The SEC also charged Huang with failing to disclose his beneficial ownership of Future FinTech stock as well as transactions in such stock.

Circumvention of identity controls accounted for 42% of Bank Secrecy Act reports

The report also found that compromised credentials have a disproportionate financial impact as compared to other types of identity exploitation.

FCA warns P2P lenders and crowdfunding platforms

The UK financial regulator has fired shots across the bows of a number of fintechs offering equity crowdfunding and peer-to-peer lending

‘Resistance is futile’: Why Nigeria rolled back crypto restrictions

The Central Bank of Nigeria's decision partly comes in light of a shift in attitude from regulators around the world in terms of how best to oversee what is already a $1tn industry.

South Korea to follow U.S. footsteps on coin mixers with potential sanctions

A cryptocurrency mixing service is a service that mixes potentially identifiable or "tainted" cryptocurrency funds with others to obscure the trail back to the fund’s original source.

FinTech Salmon becomes a licensed bank in the Philippines

The transaction also supports the Rural Bank Strengthening Program launched by the BSP in 2022

Legal,Regulation,Tax & Compliance