Credit Suisse given £147m fine by the FCA for tainted loan, bond exchange
The Financial Conduct Authority (FCA) has issued a £147m fine to Credit Suisse due to severe due diligence deficiencies linked to dealings with the Republic of Mozambique.
BNPL regulatory crackdown on the horizon as UK Treasury launches consultation
The Treasury has unveiled a consultation on the policy options for the buy now, pay later (BNPL) sector as potentially firmer regulation on the market comes into sight.
How onboarding is hindering client experience
A recent blogpost by MyDocSafe has detailed how the onboarding process within wealth management is impacting the client experience through its complexity.
BearingPoint RegTech starts journey of independence with rebrand
BearingPoint RegTech has rebranded itself as Regnology, as it starts its journey as an operational independent company.
G7 finance group endorses policy principals for retail CBDCs
Finance officials from the G7 have endorsed 13 public policy principles for retail central bank digital currencies (CBDCs).
Appetite for biometric payment cards growing in France
A survey by biometrics company Fingerprints has found there is a growing desire amongst French consumers for biometric payment cards.
NatWest could face £340m fine following money laundering neglect
NatWest has pleaded guilty to money laundering failings amounting to £365m from UK-based jeweller Fowler Oldfield.
Climate disclosures to become mandatory in Japan from April 2022
Japan’s Financial Services Agency (FSA) has revealed it intends to make climate disclosures mandatory for large Japanese companies from April next year.
Virgin Money looks to aid firms’ ESG posture with new app launch
Virgin Money has introduced a new app focused on providing an assessment of a companies’ ESG impacts by measuring, tracking and offering guidance.
Tackling the differences of trade surveillance in digital assets
Cryptocurrencies are becoming more widespread, but as adoption rises firms will need to ensure they have implemented tailored trade surveillance that understands the market’s intricacies.
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