Tag: RegTech

January 27, 2023

Former fintech darling Wirecard imploded in 2020, filing for insolvency after disclosing a €1.9 billion hole in its accounts. Its collapse came after EY, its auditor for more than a decade, refused to sign off its 2019 accounts, forcing out […]

January 27, 2023

The round was led by Washington DC-based Sands Capital and saw participation from new and existing investors including DN Capital, Coalition, BlackFin Capital Partners and Picus Capital. Hawk AI CEO and co-founder Tobias Schweiger says: “Hawk AI’s growth will continue […]

January 26, 2023

EU Legislators Approve Draft Law Implementing the Basel III Capital Regulations for Banks Members of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) supported a bill on Tuesday designed to enforce the latest global bank capital rules. Reuters […]

January 23, 2023

Multinational banking group HSBC has received an official warning from UK’s Competition and Markets Authority (CMA) regarding failures in providing the correct information about the Open Banking processes. According to the UK’s Competition and Markets Authority (CMA), the bank published […]

January 13, 2023

Binance Approved to Operate in 7 EU Countries Cryptocurrency exchange Binance announced Thursday that its Swedish entity, Binance Nordics AB, “has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory […]

January 12, 2023

United Kingdom Prepares to Begin Consultation on Digital Pound Currency The executive power in London is considering the introduction a digital version of the national currency, Economic Secretary to the Treasury Andrew Griffith told lawmakers, the BBC reported. A public […]

January 11, 2023

Brazilians Harness Stablecoins as Dollar Replacement The popularity of stablecoins in Brazil is soaring as investors and companies are looking to take refuge in the U.S. dollar to hedge against the volatility of the asset market. Executives from several exchanges […]

January 10, 2023

‘A Successful Payment Mechanism’ In its recently unveiled payments system document, the Central Bank of Nigeria (CBN) said the bank would be open to developing “a regulatory framework for [the] potential implementations of the stablecoin.” The document claims that such […]

January 10, 2023

Hong Kong Aims to Become Regional Crypto Hub Hong Kong Financial Secretary Paul Chan Mo-po reaffirmed the city’s crypto commitment at a web3 summit in Cyberport Monday. Emphasizing that Hong Kong remains committed to becoming a regional crypto hub, the […]

January 9, 2023

Crypto Exchange Binance Seeks Additional Sanctions Training for Its Compliance Team Binance, the leading cryptocurrency exchange in terms of daily trading volume, has joined the Association of Certified Sanctions Specialists (ACSS) which works to improve the qualification of sanctions compliance […]

January 4, 2023

Inconsistent sanctions regimes, new regulatory measures and stricter punishments for non-compliance have all been contributing factors, which ultimately mean that being able to quickly respond to change is more important than ever for financial services organisations as we consider financial […]

January 3, 2023

The VASP registration covers two Coinbase entities, Coinbase Europe Limited and Coinbase Custody International Limited, both of which are based in Ireland. Coinbase Europe provides crypto trading services to customers in Europe, and Coinbase Custody International provides crypto custody services […]

December 29, 2022

National Marketplace to Support Trading of Digital Collectibles and Copyrights in China Chinese authorities are preparing to launch a state-controlled platform allowing the trading of non-fungible tokens (NFTs) and other digital assets, local media announced. The initiative is a joint […]

December 21, 2022

Bank of Africa is one of Morocco’s largest commercial banks. NetGuardians’ solution will monitor all of the company’s transactions and provide a risk score by comparing these transactions against a customer profile generated via artificial intelligence, machine learning and behavioural […]

December 20, 2022

The FCA states that following the update, while the data for the bank’s corporate and customer services was migrated successfully to the new IT platform, the platform “immediately experienced technical failures” leading to “significant disruption” in TSB’s banking services, including […]

December 20, 2022

Binance has joined the Chamber of Digital Commerce, which is a lobbying organization for the cryptocurrency market in the United States, according to a press release that was issued by the exchange on December 20. After receiving feedback that it […]

December 19, 2022

A little more than a year after its introduction in October 2021, Nigeria’s eNaira has only managed to get an adoption rate of 0.5%. The legislation that is set to be passed comes as a result of this fact. According […]

December 15, 2022

Russia’s Central Bank Eases Supervision of Digital Asset Platforms Amid Sanctions The Central Bank of the Russian Federation (CBR) has allowed issuers of digital financial assets (DFAs) not to disclose information sensitive in the light of sanctions risks. The exemption, […]

December 15, 2022

Bafin President Convinced Self-Regulation Won’t Work for Crypto The man at the helm of the Federal Financial Supervisory Authority of Germany (Bafin) has urged for global regulation of the cryptocurrency space. This would ensure better protection for consumers, prevent money […]

December 14, 2022

The United States Securities Exchange Commission (SEC) filed a claim against eight individuals associated with Atlas (NYSE:ATCO) Trading, a Discord-based forum. The forum’s co-founders, affiliated podcasters and YouTubers are being alleged of stock manipulation. The claim was filed with the […]