Tag: financial regulation

At Comply Exchange, the firm claims its' journey has been marked by relentless innovation and an unwavering commitment to excellence.

As of July 2024, credit and financial institutions within the EU are mandated to adhere to stringent reporting requirements for transactions associated with Russian ownership, as detailed by the European Commission.

A survey conducted by Muinmos has shed light on the significant hurdles financial institutions face during client onboarding.

The Payments Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have jointly initiated a call for information to assess the rapidly growing influence of digital wallets on both consumers and businesses in the UK.

The European Banking Authority (EBA) has announced a public consultation on new draft Guidelines intended to standardize reporting requirements under the Markets in Crypto-assets Regulation (MiCAR).

In a significant move set for October 2024, the MAS will implement changes to the over-the-counter (OTC) derivatives reporting requirements.

Ensuring compliance with sanctions screening is pivotal in risk management for globally operating businesses.

The recent separation of the UK from the EU has set the stage for regulatory divergence between the two jurisdictions.

Navigating FCA's CP24/2 Consultation: Implications for financial compliance and transparency

Sanctions play a crucial role in international diplomacy and law enforcement, ensuring that countries and entities adhere to international norms and regulations. Keeping up to date with the ever-evolving sanctions regulations, including OFAC's 50% Rule and the EU's new directives, remains a top priority for companies worldwide.