Asia is the world’s largest trading market for cryptocurrency, and it has one of its most diverse regulatory environments. Crypto regulations in Asia fall across a spectrum. While many territories have paved the way for the adoption of cryptocurrencies, others […]
What Is The United States Department Of Justice? The United States Department of Justice is the federal government agency responsible for enforcing laws and administering justice across the United States. The DOJ’s purpose is to protect the public from foreign […]
The Financial Conduct Authority (FCA) regulates the financial services industry in the UK. It is an independent body funded entirely by the fees it charges regulated firms but is accountable to the Treasury, the UK government’s economic and finance ministry. […]
What is The OCC – Office of The Comptroller of the Currency? An independent bureau of the US Treasury, the Office of the Comptroller of the Currency (OCC) is a regulatory organization which oversees the federal banking system of the […]
What is the NYSDFS? The New York State Department of Financial Services (NYSDFS) is the governmental body responsible for regulating all financial services and products in the state of New York. As a state-level regulatory office, the NYSDFS has a […]
What is the US Securities and Exchange Commission (SEC)? The Securities and Exchange Commission (SEC) is an independent government agency responsible for regulating the securities industry in the United States. In this capacity, it pursues a three-part mission: to protect […]
What Is FINRA (Financial Industry Regulatory Authority)? What is FINRA? The Financial Industry Regulatory Authority (FINRA) is a non-governmental, not-for-profit organization which acts as a self-regulatory body for brokers and dealers in the USA. The largest governing body of its […]
Regulations in Hong Kong: The Hong Kong Monetary Authority What is HKMA? As the central banking institution, the Hong Kong Monetary Authority is responsible for maintaining the city’s monetary and banking stability. The Hong Kong Monetary Authority (HKMA) was established […]
Money services businesses provide currency exchange and conversion services for organizations all over the world. Financial institutions that transmit or convert money fall into the classification of ‘Money Services Business’ (MSB). While they provide some of the same services, MSBs […]
To ensure regulatory compliance, financial institutions are required to consult sanctions lists when conducting business with foreign customers. What is a sanctions list? Sanctions lists contain persons, organizations, or countries that are subject to economic sanctions issued by a government […]
What is the Monetary Authority of Singapore (MAS)? The Monetary Authority of Singapore (MAS) was established in 1970 by act of government, beginning operations as the country’s central bank, and financial regulatory authority, on 1 January 1971. Prior to its […]
Australia’s anti-financial crime regime underwent significant changes in 2024. The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Act, a major update to the country’s central piece of AML legislation, passed in December, prompting firms across the financial services landscape to […]
