Tag: Financial Regulations

Money laundering remains one of the most pervasive threats to global financial stability, quietly enabling organised crime, political corruption and terrorist financing. Despite extensive...

Biometrics are rapidly shifting from optional security features to a cornerstone of financial crime prevention strategies worldwide. Regulators across Europe, Asia, and beyond are steadily...

The European Union has introduced a major overhaul of its anti-money laundering framework with the creation of the Anti-Money Laundering Authority (AMLA) and the...

Key European RegTech investment stats in 2024: European RegTech deal activity halved in 2024 YoY UK firms dominated the European RegTech marketplace completing a...

Key United States RegTech investment stats in 2024: US RegTech funding dropped by 28% in 2024 YoY Smaller deals (sub-$100m deals) dropped by 38%...

Financial institutions in the Channel Islands, specifically Jersey and Guernsey, must adhere to stringent compliance requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks are crucial in upholding international tax transparency by ensuring institutions report relevant financial information to tax authorities.

Financial institutions in Luxembourg must adhere to stringent reporting requirements under the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS). These frameworks ensure tax transparency by mandating the identification and reporting of relevant financial accounts to authorities.

FATCA and CRS are crucial global regulatory frameworks aimed at increasing tax transparency and preventing tax evasion. TAINA, which offers a fully automated FATCA...

On 15th November 2024, the FCA published a discussion paper that has significant implications for transaction reporting in the UK. According to MAP FinTech,...

Neobanks have reshaped the banking landscape, boasting a customer base jump from 7.7m in 2018 to nearly 20m by the end of 2019 in the UK alone.