PSR and FCA explore the impact of digital wallets on UK consumers and businesses
The Payments Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have jointly initiated a call for information to assess the rapidly growing influence of digital wallets on both consumers and businesses in the UK.
Hong Kong to fortify financial stability with new stablecoin regulations
Hong Kong is poised to introduce a new regulatory regime for fiat-referenced stablecoin (FRS) issuers following positive feedback from a public consultation.
New era of US sanctions: How compliance could change in the coming years
As we move into the latter half of 2024, the landscape of international relations is increasingly fraught with challenges, from escalating global conflicts to...
EBA launches consultation on new MiCAR reporting guidelines
The European Banking Authority (EBA) has announced a public consultation on new draft Guidelines intended to standardize reporting requirements under the Markets in Crypto-assets Regulation (MiCAR).
Endor Labs secures strategic investment from Citi Ventures to bolster software security
Endor Labs, a trailblazer in software supply chain security, recently announced a strategic investment from Citi Ventures.
UAE’s digital leap: How regulatory sandboxes fuel AML compliance
The United Arab Emirates (UAE) is experiencing a notable economic surge, becoming a magnet for foreign investments and job opportunities. This economic growth is coupled with ambitious plans under the UAE Digital Economy Strategy launched in April 2022, aiming to increase the nation's GDP contribution from digital services from 9.7% in 2022 to 19.4% over the next decade. The strategy positions the UAE as a pivotal digital economy hub both regionally and globally.
eflow Global launches enhanced eComms Surveillance tool
With regulatory fines for inadequate eComms surveillance soaring in 2024, eflow Global has introduced an upgraded version of its AI-driven platform, TZEC.
Navigating the complex world of customer due diligence regulations
Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.
Rising regulatory challenges propel the necessity for robust entity verification
In today's intricate business environment, understanding the entities with which companies conduct business is becoming increasingly vital.
Abaxx and Eventus partner to enhance trade surveillance in new commodity exchange
Eventus, a leader in comprehensive, at-scale trade surveillance software, and Abaxx Technologies, a pioneer in financial software and market infrastructure, have announced their collaboration.