Nikhil Rathi, the chief executive of the Financial Conduct Authority (FCA), has set out the regulator’s data-led strategy to embrace and mitigate the risks of digital platforms. In a speech delivered at the Peterson Institute of Economics, Rathi outlined the […]
Access to private market investment opportunities and their lucrative return profiles was historically only granted to institutional and accredited investors. Perceived to possess sophisticated market understanding and risk management expertise, high-net-worth investors have generally had a leg up on private […]
As financial crime typologies, payments use cases, and regulatory technologies evolve, how should compliance teams in remittance and cross-border payment firms build and scale their anti-money laundering (AML) programs?
The UN’s Special Rapporteur, Alena Douhan, has issued a stark warning on the consequences of over-compliance with sanctions. Douhan notes resorting to extreme measures to reduce legal, business, and regulatory risk has become tempting as governments issue more unilateral sanctions. […]
The Financial Crimes Enforcement Network (FinCEN) and the Commerce Department’s Bureau of Industry and Security (BIS) have warned financial institutions (FIs) to be aware of entities attempting to avoid US export controls related to the ongoing conflict between Russia and […]
The European Parliament has outlined new legislation that ensures the traceability of crypto-assets. The rules are part of a wider anti-money laundering (AML) package that will align with the Markets in Crypto-assets rules (MiCA). The legislation extends the Financial Action […]
The UK government has issued a review of the UK’s anti-money laundering and combatting the financing of terrorism (AML/CFT) regulatory and supervisory regime as part of a broader effort by the government to crack down on economic crime. In the […]
The Financial Action Task Force (FATF) has published the outcomes from its plenary meeting, which took place between June 14 and 17 2022. Three plenary sessions are held each year by the FATF, with the plenary year beginning in July […]
Meet ekko, a new challenger fintech with built-in eco-initiatives that allow users to track their carbon footprints. We caught up with co-founder and Head of Operations Manish Vara to learn more.
The Financial Action Task Force (FATF) has published a follow-up report on the UK’s anti-money laundering (AML) and counter-terrorist financing (CFT) measures, acknowledging that the country has taken several actions to strengthen its framework since its 2018 mutual evaluation report […]
The Financial Conduct Authority (FCA) and the Treasury have issued significant updates to the UK’s current and proposed crypto regulatory framework in recent months. But as the industry evolves and matures at a rapid pace, the government’s wider strategy around […]
European Supervisory Authorities (ESAs) have published a joint report advocating for a more comprehensive framework of powers related to the revoking of licenses for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) rules. The report states […]
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