01/08/2024
G20 faster payments roadmap could boost financial crime
FFIS calls for ‘economic crime security by design’ to be integrated at the design stage within the payments reform policy-development process.
Legal,Regulation,Tax & Compliance
01/05/2024
Revolutionising fincrime detection: Fenergo CLM & transaction monitoring’s unified approach
Fenergo steps in with its Client Lifecycle Management solution, integrated with Transaction Monitoring capabilities, to combat money laundering and terrorist financing.
01/04/2024
ECB to run first cyber resilience stress tests
Banks will then test their response and recovery measures, including activating emergency procedures and contingency plans and restoring normal operations.
01/04/2024
US’ FinCEN implements stricter reporting to combat financial crimes
The process is designed to be straightforward, secure, and free of charge.
01/03/2024
2024: A critical year for fintech regulation… if policymakers step up
More delays, uncertainty and U-turns are sadly on the horizon this year
01/03/2024
Hong Kong Proposes new Regulatory Regime for Stablecoin Issuers Alongside Sandbox Environment
Under the proposed regime, issuers would require a license from the HKMA to issue stablecoins that reference the value of one or more fiat currencies in Hong Kong.
12/28/2023
Seychelles to Introduce Framework for Regulation of Virtual Assets and Virtual Asset Service Providers
A licence shall be required for VA Wallet Providers, VA exchanges, VA Broking, VA Payment Providers and VA Investment Providers operating in or from Seychelles.
12/27/2023
LAB Group brings automated digital onboarding to Ironbark Asset Management
Ironbark’s clients will now experience a straightforward and easy-to-navigate sign-up process, both for direct and adviser-led prospects.
12/27/2023
Em Conversa: Investing in Early-Stage B2B Founders in Brazil With NXTP
The fund invests in technology start-ups at the pre-seed, seed, and Series A stages with checks ranging from $500,000 to $5million.
12/27/2023
Hong Kong Regulators Propose Mandatory Licenses for Fiat-Backed Stablecoin Issuers
The Hong Kong Monetary Authority (HKMA) and the Financial Services and the Treasury Bureau (FSTB) are also planning a sandbox to provide guidance on compliance.
12/22/2023
nCino and Salesforce extend partnership till 2031
The expanded agreement includes deeper integration of nCino with Salesforce platform tools
12/21/2023
Industry Reacts as PSR Finalises its Authorised APP Fraud Reimbursement Scheme
Losses due to authorised push payment scams were £239.3million in the first six months of 2023, according to UK Finance.
12/20/2023
Binance Successfully Completes SOC 2 Type II Compliance Audit
It has also received the ISO 27001 and ISO 27701 certifications
12/20/2023
Iosco issues DeFi policy recommendations
The risks of crypto-asset markets are real
12/20/2023
FinTech firms face hefty fines for communication and recordkeeping lapses
The firm’s procedure was deemed deficient, as it failed to ensure all necessary communications were captured and archived.
12/20/2023
US Bank hit with multi-million dollar fines over prepaid card programme for the unemployed
Office of the Comptroller of the Currency
12/19/2023
DoJ cracks down on fraudsters using microtransactions
The crooks often hide these unauthorised charges using 'microtransactions' which group the charges with a large number of low-value, straw transactions to lower the fraudster’s chargeback rate.
12/19/2023
Guernsey regulator says Sure's broadband prices are "far too high"
The independent regulator has now instructed Sure to lower its prices from 1 April 2024 by 31%.
12/19/2023
US court approves CFTC settlement against Binance and $2.7 billion penalty
As previously announced, the order finds Binance, at Zhao’s direction, actively solicited customers in the United States
12/18/2023
TD Bank Group and Plaid Forge Data-Access Agreement in North America
We know our customers are looking to access new types of services that meet their unique financial needs.