Bank of Korea set to kick-off central bank digital currency pilot
The Bank of Korea (BOK) has revealed it is planning to initiate its central bank digital currency (CBDC) pilot later this month.
SEC charges two men for allegedly misleading consumers with sales of securities
The US Securities and Exchange Commission (SEC) has charged two men and their Cayman Islands-based company for unregistered sales of over $30m of securities through smart contracts and decentralised finance (DeFi) technology.
BIS paper outlines Big Tech regulation challenges in financial services
The Bank for International Settlements (BIS) has published a paper underlining the challenges caused by rapid Big Tech growth in the financial services sector.
MAS reveals plans to launch new banking data-sharing platform
The Monetary Authority of Singapore (MAS) has revealed it has been working with legal and industry partners to develop a platform to help banks securely share information.
How can financial institutions transform their adverse media screening?
A recent whitepaper by Celent has provided financial institutions (FIs) with tips on how to bolster their adverse media screening coverage to combat financial crime.
EBA launches consultation on role, responsibilities of AML/CFT compliance officers
The European Banking Authority (EBA) has issued a consultation on the role, tasks and responsibilities of anti-money laundering and counter-terrorism financing officers.
Ernst & Young and its partners fined $10m in SEC probe of bid violations
Ernst & Young LLP to pay $10m to settle a regulatory investigation into allegations that it improperly obtained confidential information in pursuit of a contract to audit a public company’s books.
Amazon slapped with record $887m fine for data privacy breach by EU agency
Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.
FCA probes UK neobank Monzo over potential money laundering breaches
Digital bank Monzo is being investigated by the Financial Conduct Authority (FCA) over potential breaches of financial crime regulations.
SEC slaps 27 financial firms with fines for lax CRS filing and delivery
The Securities and Exchange Commission (SEC) settled charges with 21 investment advisors and six brokers, claiming the firms had failed to “timely file and deliver” their Form Customer Relationship Summaries (CRS) to investors.
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