Managers of Wealth Fintech

Canada fines Binance C$6m for AML violations

The company also failed, on thousands of occasions, to report large virtual currency transactions of C$10,000 or more in the course of a single transaction.

Fintech Nexus Newsletter (May 2, 2024): Block targeted by federal prosecutors for AML and sanctions failings

Block has argued that it has reported thousands of transactions to OFAC and that the company received a no-action letter regarding this matter.

Fresh call for UK copyright law to be updated for AI age

The issues with copyright are manifesting right now and problematic business models are fast becoming entrenched and normalised

Crypto regulation in the UK: what are stablecoins?

The rationale behind the legislative approach was, along with other jurisdictions, to bring cryptoassets into the same regulatory perimeter as other asset classes.

Paul Fosse Wins Leadership Award At Annual Jersey TechAwards 2024

The TechAwards, which took place at the weekend, recognises Jersey’s top tech talent who are committed to creating a better future for the island by embracing digital.

How PSD3 and PSR will shape trends in EU financial services

Understanding the new regulations in the wider context of the European Central Bank’s

Tiller Technologies Supports Regulatory Efforts with Digital ID Solution for International Customers

The Jersey government is actively working with financial Institutions and regulated businesses to promote the adoption of cutting-edge technology

Police bust cybercrime phishing subscription network

Detectives have so far established that just under 70,000 individual UK victims have entered their details into one of LabHost’s fraudulent sites.

Capgemini Selected to Enable Digital Transformation of Norwegian Public Roads Administration

Capgemini will work together with NPRA on services design, system development, test and maintenance/IT operations

EC and CFPB meet on consumer risks from AI and BNPL

On AI, officials "discussed the differences and similarities in the respective legal and regulatory frameworks with respect to consumer finance

Temenos rejects Hindenburg claims after probe completed

The committee was assisted by two law firms - Schellenberg Wittmer and Sullivan & Cromwell, as well as forensic accountants Alvarez & Marsal Switzerland.

Hong Kong set to approve first crypto ETF

The SFC has already granted approval to Harvest and CAM to provide virtual-asset related fund management services.

Encompass, Innovate Finance and City of London launch new RegTech initiative

The formation of this platform and the introduction of the RegTech Test were timed to coincide with the UK FinTech Week

Fintech Revolut receives Mexican banking authorization, eyes expansion

The company aims to facilitate cross-border remittances for Mexican customers.

Nuvei receives Singapore MPI license

The MPI license complements Nuvei’s expansion across APAC

What Regulatory Challenges Should Banks and Fintechs be Aware of When Leveraging BaaS?

Fintech companies using BaaS need to ensure that their services comply with these regulations to prevent legal and financial repercussions.

China central bank launches $70bn tech lending programme

Under the terms of the programme, loans will last for one year and can be extended twice for a a year at a time.

Microsoft faces CompCom complaint as cloud probes grow

Regulator to raise concerns over Azure’s switching costs.

Google sues crypto scammers using Play Store to lure victims

Once on the investment apps, fraudsters would convince users that they could gain money through investments

South Korea implements tougher rules for crypto exchange listings

However, tokens listed on a licensed exchange for over two years may not need to meet these new criteria.

Legal,Regulation,Tax & Compliance