UK and Israel sign MoU to foster FinTech & cybersecurity innovation
TheCityUK and City TLV of Israel have signed a landmark Memorandum of Understanding (MoU) to bolster FinTech and cybersecurity cooperation.
Court marks first-ever FATCA conviction with bank exec’s plea
A federal court in Brooklyn, New York, has made the first-ever conviction for failing to comply with the Foreign Account Tax Compliance Act (FATCA).
FCA warns of financial crime risks post-Brexit
The financial conduct authority has warned that the UK will be unable to manage the risk of financial crime under a no-deal Brexit.
FINRA releases report on regulatory technology
Financial Industry Regulatory Authority (FINRA) has highlighted five key areas here industry participants have most prominently leveraged RegTech innovations.
Denmark looks to increase money laundering fines
With Danske bank currently embroiled in a money laundering scandal, Denmark is reportedly looking to increase fines with new legislation.
FCA aims to strengthen e-money regulations
The Financial Conduct Authority has set its sights on tightening up regulation of the e-money sector.
Law Commission calls for AML laws to be streamlined
The UK is failing to get to grips with anti-money laundering efforts due to the ‘onerous compliance burden’ according to the UK Law Commission.
FCA aims to change the rules for crowdfunding platforms
The Financial Conduct Authority has proposed tough new regulations regarding peer-to-peer (P2P) lending platforms
RegTechs can’t go it alone, there’s no individual solution for compliance
No individual RegTech has the complete answer to achieving compliance, there needs to be an ecosystem which brings different providers together, according to EY partner Mike Zehetmayr.
PSD2 to fuel biometric payment adoption, according to Mastercard
With PSD2 implementing new rules on strong customer authentication,
Mastercard is predicting a big future for biometric technology.
