Compliance

Sweden's financial watchdog Finansinspektionen is investigating payments firm Klarna over a potential breach of banking secrecy laws in connection with an IT incident at the firm in May.

The Hong Kong Monetary Authority (HKMA) has outlined four actions to promote the use of RegTech in the Hong Kong banking sector.

Paris Court has fined Airbnb, the home-sharing giant to pay $9.6m for allowing over 1,000 listings to flout rules to register their rentals.

OneSpan has published a whitepaper that details how the eIDAS Regulation offers a range of possibilities for electronic signatures in the European Union.

Google to tighten its ad screening rules and policies for financial services advertisers targeting searchers and consumers in the UK in a bid to fight financial fraud.

Robinhood to pay nearly $70m to resolve sweeping regulatory allegations that the brokerage misled customers, approved ineligible traders for risky strategies and didn’t supervise technology that failed and locked millions out of trading.

The Financial Conduct Authority (FCA) has slapped claims management company Crosfill & Archer Claims Limited (CACL) with a fine of £110,000 for making unsolicited telemarketing calls.

The European Commission (EC) has launched its strategy to build a Joint Cyber Unit to tackle large scale cyberattacks, according to the BBC.

A report by Enterprise Ireland has found the effects of the Covid-19 pandemic has sped-up the demand for the adoption of RegTech solutions in the Asia Pacific (APAC) region.

As dangers associated with climate change continue to become more inescapable in the lives of companies and individuals alike, the importance and need for ESG – Environmental, Social and Governance – in the financial sector is growing stronger. Is it time for globally mandated ESG reporting in the financial sector?