Tag: RegTech

November 1, 2022

The State of Global Anti Money Laundering Compliance Report surveyed 636 anti-money laundering (AML) compliance experts, representing 77 companies around the world, most of them from the financial services industry, and overall 74 per cent of respondents cited money mule […]

October 31, 2022

Thailand’s Central Bank Wants to Better Understand Risks of Central Bank Digital Currency The Bank of Thailand (BOT) intends to take more time to complete the development of its retail central bank digital currency (CBDC). The monetary policy regulator aims […]

October 28, 2022

Hong Kong is planning to shift to a friendlier approach towards cryptocurrencies starting next year, according to a Bloomberg report, while neighbouring Singapore is planning to impose fresh restrictions on consumers. People familiar with the matter, who asked to remain […]

October 26, 2022

Singapore’s central bank has put forward proposals for new regulatory measures on cryptocurrency trading and stablecoins, in a bid to reduce the risk of consumer harm from the volatility of the industry. The measures published in two consultation papers on […]

October 25, 2022

Violation of the Bank Secrecy Act The United States Department of Justice (DOJ) is reportedly suing Larry Harmon, the founder of the crypto mixer Helix, to recover the $60 million fine imposed on him by regulators. According to a Reuters […]

October 21, 2022

India’s ED Freezes More Bitcoin in E-nuggets Case India’s Enforcement Directorate (ED) announced Thursday that it has frozen 44.5 bitcoins under the country’s Prevention of Money Laundering Act (PMLA). The ED is the government of India’s law enforcement and economic […]

October 21, 2022

The United States commodities regulator certainly doesn’t want to look like it’s going easy on crypto, revealing it was behind 18 separate enforcement actions targeting digital assets in the 2022 fiscal year. In an Oct. 20 report from the Commodity […]

October 17, 2022

Improving Macau’s Legal System An executive council of Macau, an autonomous region on China’s south coast, recently completed discussing the draft bill proposing to include digital forms of currency in its basket of financial instruments that are accepted as legal […]

October 13, 2022

Parliament of Kazakhstan Votes on Bill Regulating Activities of Crypto Miners and Exchanges A draft law designed to create a regulatory framework for both the production and circulation of digital assets in Kazakhstan has been approved on first reading in […]

October 7, 2022

Salv commends the move by the PSR, which is expected to incentivise banks to focus more on protecting consumers against fraud. The regtech knows that it is possible to establish proper control mechanisms against APP fraud: the company’s proprietary collaborative […]

October 6, 2022

Regtech provider Know Your Customer and Germany-based AML company Hawk AI have partnered up to improve financial crime compliance in Fintech. Know Your Customer provides real-time registry connections in the industry, and Hawk AI is a software provider for banks, […]

October 5, 2022

Nasdaq, the United States stock exchange, has no immediate plans to launch a crypto exchange until there’s better regulatory clarity from policymakers, said Tal Cohen, the company’s executive vice president. In an interview with Bloomberg, Cohen said that the retail […]

September 29, 2022

Merchant Machine have conducted research into the global adoption of cryptocurrency by investigating which countries and cities have the highest growth in cryptocurrency use, as well as which types of businesses are accepting crypto as a method of payment. USA, […]

September 23, 2022

Crypto Exchange Binance Secures Qualified Advice on Regulatory Matters Binance, the world’s leading digital asset exchange in terms of trading volume, has established a Global Advisory Board. The body is comprised of “distinguished experts in public policy, government, finance, economics, […]

September 23, 2022

Members include: Armalytix, Crezco, finAPI, GoCardless, Nuapay, Ordo, Plaid, Token, TrueLayer, Volt.io, Worldline, Worldpay, Yapily. With the introduction of legislation in 2016 (the Payment Services Directive [PSD2]) consumers and businesses were given the right, for the first time, to access […]

September 20, 2022

Its Compliancentral platform helps buy-side, sell-side, online trading platforms, as well as insurance and wealth management firms, capture and holistically analyse all types of employee communications. Under trading regulations including PCI DSS, Dodd-Frank and MiFID II, all regulated employee communications […]

September 19, 2022

CFTC Chairman’s Testimony on Crypto Regulation and the Digital Commodities Consumer Protection Act The chairman of the Commodity Futures Trading Commission (CFTC), Rostin Behnam, discussed how his agency would regulate the crypto market in a legislative hearing Thursday before the […]

September 8, 2022

The BaaS fintech has brought to life Verify, its customer onboarding product set to assist fintechs in onboarding customers at scale while simultaneously meeting regulatory requirements. “Our mission is to create a technology-driven bank that we believe will blend the […]

September 7, 2022

Apple Not Liable for Loss After Customer Downloaded Fake Crypto App Judge Phyllis J. Hamilton of the U.S. District Court for the Northern District of California has ruled that Apple Inc. is not liable in a class action lawsuit where […]

September 7, 2022

Upbit Sued by Crypto Investor Dunamu Inc., the company that operates the South Korean cryptocurrency exchange Upbit, has been sued by a crypto investor, a man in his 50s, Korea Joongang Daily reported Monday. The investor alleged that Upbit delayed […]