European Commission releases list of 23 countries with weak AML/CTF processes
The European Commission has adopted a new list of 23 countries with weak anti-money laundering and terrorist financing regimes.
A standardized API would help ease PSD2 compliance burdens
As the deadline for PSD2 looms and financial services frantically try to get systems ready, application programming interface (API) standardisation would ease challenges, according to a panel at the Global RegTech Summit 2019.
Fintech backer Chicago Ventures eyes $75m for Fund III raise
Seed-stage investor Chicago Ventures is out eyeing up to $75m for its third fundraise.
How does Theta Lake and Cisco’s partnership work?
RegTech startup Theta Lake has partnered with the multinational technology company Cisco to make it easier for businesses to be legally compliant in their video conferences.
Future FinTech’s Hedetang products will now all have QRO anti-counterfeit codes
The Chinese company Future FinTech Group is introducing QRO codes to its juice subsidiary to prevent counterfeit.
RegTech scaleup Ascent has bagged $19.3m in a new Series B funding round
Ascent, the enterprise using tech to boost compliance, has just announced a $19.3m funding round led by Drive Capital, the venture capital firm that has previously invested in InsurTech company Root Insurance among other businesses.
UN official says cryptocurrencies make it harder to combat child slavery, terror financing and...
Cryptocurrencies are making it more difficult for law enforcement to prosecute criminals guilty of cyber crime, terror financing, money laundering and abuse of children, according to a United Nations official.
The Financial Action Task Force gives Norway’s anti-money laundering efforts a thumbs up
From: RegTech Analyst
Norway has been hard at work since 2014 to ensure it has a robust system in place to prevent money laundering and...
Switzerland’s financial regulator is more worried about the “dark corner” of cryptocurrencies than about...
Many legal stakeholders have worried about Facebook’s new cryptocurrency project. However, it is not a Swiss watchdog’s biggest concern.
FCA and the Bank of England tell financial firms it’s time to get rid...
The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.