01/08/2024
SEC reissues crypto ‘FOMO’ warning amid hope for spot Bitcoin ETFs
Social media users have pointed out that the regulator’s “no go to FOMO” warning comes amid heightened anticipation over spot Bitcoin ETF approva
Legal,Regulation,Tax & Compliance
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.
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