Managers of Wealth Fintech

Warning after firms caught by bank scam

The authority said islanders should be "particularly cautious" of scammers trying to trick people using the the worldwide IT outage as part of their cover story.

HKMA unveils latest additions to stablecoin issuer sandbox

The regulator goes on to clarify that participants are “expected to comply with the sandbox requirements”

Bitzlato founder won’t get more jail over $700M dark web clearing house

The judge said the 18 months Anatoly Legkodymoc had already served in Brooklyn’s “terrible” MDC was enough punishment.

HKMA wins broad support for stablecoin legislation

The proposed regulatory requirements and implementation arrangements received general support from respondents, with some further enhancements suggested in the submissions.

Lloyds Banking Group terminates five-year agreement with invoice financing fintech Satago

The agreement was set into motion the following July.

Saudi Central Bank introduces Government banking services platform

This platform facilitates access to their account information at all times, enables management of their accounts efficiently, and provides instant monitoring of transactions to and from government entities.

UK regulators seek feedback on Big Tech digital wallets

Nikhil Rathi, chief executive, FCA, says: "The UK is seeing a seismic shift in how people pay, as digital wallets become a part of everyday life for many people.

PayPoint issues warning over unauthorised cheque fraud

For added security the service performs a Confirmation of Payee (CoP) check requiring the recipient’s name to match that on the name on the bank account holder before the payment is transferred.

AI Act written into EU law as compliance clock ticks

The AI Act cleared the legislative process in May, ahead of the European Parliament elections, and has now been published in the Official Journal of the EU.

BSP Cautions Public About AI-Driven Crypto Scams on Social Media

The public is also encouraged to verify the authenticity of social media posts and report any suspicious activities.

European Council prepares for debate on copyright under AI Act

The meeting took place last week was intended to offer the chance to exchange views on copyright and AI and the possible need for regulatory action.

Germany Threatens Fintech Solaris With Fines Over Slow Fixes

While the regulator relaxed measures this year for some of the firms, it has warned that the pressure won’t let up for those that don’t improve controls.

Lithuania fines crypto firm EUR9.3m for Russia sanctions violations

In a statement, the FNTT says "the identities of the company's customers were not properly determined and checked intentionally, in order not to lose a significant part of the income".

Dubai Chambers and VFS Global Sign MoU to Accelerate Trade and Investment Opportunities

Our cooperation with VFS Global will enhance the competitiveness of Dubai’s private sector by facilitating smoother entry into global markets.

Crypto payment service Payeer hit with record $10M fine in Lithuania

Payeer was fined approximately $10 million after it allegedly allowed transfers to sanctioned banks.

Regulators Wary of Banks Outsourcing to Tech Firms

The committee is proposing 12 principles for banks and regulators, saying that banks’ boards have the final responsibility in overseeing third-party arrangements.

Edfapay enters Morocco

This significant achievement aligns with EdfaPay's vision to empower the global financial landscape.

EBA issues 'travel rule' guidelines

This rule will help tackle the abuse of such transfers for money laundering and terrorist financing purposes.

Fintechs accuse banks of sabotage on ‘open banking’

After the Australian Banking Association released a report by Accenture showing only 0.3 per cent of customers are using open banking

EQS Group to acquire Data Legal Drive

The strategic move will confirm EQS Group's leading position in the European compliance SaaS market

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