Bhutan to pilot central bank digital currency through Ripple partnership
The Royal Monetary Authority (RMA) of Bhutan has teamed with cross-border crypto payment firm Ripple to pilot a central bank digital currency (CBDC) in the region.
China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
FCA to team with BofE to develop blockchain-based regulatory reporting initiative
The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.
Banks and asset managers not yet prepared to meet climate risk deadlines
A barometer measuring the climate risk preparedness of the global banks and asset managers has found a lot still needs to be done in terms of practical implementation.
What are the regulatory challenges and solutions for Forex brokers?
In an ever-changing regulatory landscape for companies in financial services, the need to stay up to date and compliant is vital.
How banks can strengthen their risk-based approach to financial crime
A recent case study by financial crime prevention firm Acuminor has detailed how banks can improve their stance of tackling the financial crime threats they face through its risk-focused technology.
US set to sanction crypto wallets and exchanges in ransomware crackdown
The Biden Administration is expected to begin issuing sanctions against crypto exchanges, wallets and traders used by ransomware groups to crackdown on cyberattacks.
XTransfer eyes upgrade following $138m Series D funding haul
Financial and risk management services provider XTransfer has raised $138m from a Series D funding round led by D1 Capital Partners.
Hong Kong’s SFC unveils consultation conclusion on AML/CFT guideline amendments
Hong Kong’s Securities and Futures Commission (SFC) has published the conclusion of a consultation to amend its anti-money laundering and counter terrorism financing guidelines.
Bank of England issues letter to banks on regulatory reporting shortfalls
The Bank of England (BofE) has sent a warning letter to banks and building societies for not supplying correct information to help regulators identify risks to the financial system.
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