CFTC slaps Citibank with $1m fine for violating swap dealer regulation
The Commodity Futures Trading Commission (CFTC) has imposed a $1m fine on Citibank and Citigroup Global Markets for failing to comply with certain swap dealer requirements.
DataDome releases new tool to help monitor threat levels
DataDome, an AI-powered solution designed to protect online commerce companies, has released a new tool to monitor threats facing a company.
KYC Portal underlines benefits of perpetual know-your-customer approach
A blogpost by KYC Portal has detailed how an ongoing know-your-customer (KYC) approach can help firms reduce their risk exposure to hours instead of weeks or months.
EU officially links Russia to Ghostwriter hacking operation
The European Union has linked Russia to Ghostwriter, a hacking operation that has targeted several high-profile EU officials, journalists and members of the general public.
UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis
Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.
Bhutan to pilot central bank digital currency through Ripple partnership
The Royal Monetary Authority (RMA) of Bhutan has teamed with cross-border crypto payment firm Ripple to pilot a central bank digital currency (CBDC) in the region.
China bans all cryptocurrencies in huge virtual currency crackdown
The People’s Bank of China (POB) has officially announced that all transactions including cryptocurrencies are illegal with immediate effect.
How KYC Portal became a leading RegTech provider
After identifying a compliance gap in 4AMLD, back in 2017, KYC portal was able to set itself up to become a major RegTech provider.
ESMA fines UnaVista €238,500 for EMIR failures
The European Securities and Markets Authority (ESMA) has fined trade repository UnaVista for alleged breaches of the European Market Infrastructure Regulation (EMIR).
FCA to team with BofE to develop blockchain-based regulatory reporting initiative
The Financial Conduct Authority (FCA) is teaming with the Bank of England (BofE) to launch a blockchain-based regulatory reporting solution to tackle rising compliance costs.
