Compliance

The Financial Conduct Authority (FCA) has revealed it will launch a ‘regulatory nursery’ for new FinTech companies in autumn of this year.

The US House of Representatives passed a much-awaited SAFE bill aimed at easing financial restrictions placed on the cannabis industry.

The past week has given cybersecurity, PayTech and even InsurTech aficionados a host of reasons to perk up their ears.

The Monetary Authority of Singapore (MAS) has imposed a penalty of S$1m on a Singapore-based bank branch for not complying with its anti-money laundering and terrorism financing acts.

The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

Virginia-based cybersecurity firm SafeGuard Cyber has secured $45m in equity and debt financing to help expand its reach in the digital risk protection market.

Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.

US regulator warned that companies going public through special purpose acquisition companies (SPAC) deals must refrain from publishing misleading statements about their potential growth.

Nigeria’s Securities and Exchange Commission (SEC) has warned capital market operators to stop supporting online investment trading platforms and providing access to unregistered foreign securities in Nigeria.

A Hollywood-based film company has had its assets frozen after the Securities Exchange Commission (SEC) claims the firm was harbouring a Ponzi scheme.