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Chat app developer Kik Interactive has entered into a settlement with the Securities and Exchange Commission for the unlawful sale tokens in 2017 and has agreed to pay $5m in fines.

The Financial Conduct Authority (FCA) has fined Asia Research and Capital Management (ARCM) £873,118 over transparency failures.

The European Council has removed the Cayman Islands from its list of non-cooperative jurisdictions for tax purposes. However, not everyone is happy about the decision.

A Financial Conduct Authority executive has warned banks against becoming lenient in how they surveil employees during Covid-19.

The Financial Stability Board (FSB) has published a roadmap to enhance cross-border payments, which will be delivered to G20 finance ministers and central bank governors at a October 14 meeting.

UK-based challenger bank Revolut is reportedly on the cusp of applying for a banking licence in California.

The Financial Conduct Authority has banned two Vanguard Wealth Management directors from performing regulated activity because of their roles in the submission of false and misleading information about customers’ high net worth status.

E-signature RegTech Cryptomathic has inked a deal to supply its services to LuxTrust, the electronic identity company representing over 95% of Luxembourg’s active population.

FinTech Paynetics has acquired the corporate payout card portfolio of Wirecard UK and Ireland.

Last week proved to be good week in terms of FinTech investment, with the rounds revealing the state of CyberTech and InsurTech.