EU plans to end cryptocurrency anonymity as part of AML plan
The European Commission has said it intends to end anonymity in cryptocurrencies and introduce a new anti-money laundering (AML) agency to crack down on financial crime.
How banks can offset their carbon emissions amid the current climate crisis
With the impending risk of climate change and its economic and financial impact, environmental sustainability has become a societal responsibility and business reality. However, financial institutions must do more to incorporate sustainability into their business strategies.
FBI warns of potential cyberthreats to 2020 Olympic Games
The FBI has warned of potential cyber threat actors targeted the upcoming Olympic Games in Tokyo this summer.
FCA takes action on debt packaging firms following review
A review by the Financial Conduct Authority (FCA) on the practices of debt packager companies has led to six firms stopping providing regulated debt advice.
Survey finds SFTR is leading to regulatory reporting consolidation
A survey conducted by IHS Markit and Pirum has found over 70% of regulatory respondents plan to consolidate their diverse reporting processes under a single platform.
UBS hit with $8m SEC fine over volatility-tied compliance failures
UBS Wealth Management USA has agreed to pay a $8m fine to the Securities and Exchange Commission (SEC) over its failure to properly supervise...
GetID unveils new identity verification flow builder
Estonian identity verification firm GetID has launched a know-your-customer (KYC) flow builder to help customers set up and deploy personalised online verification procedures.
Clausematch survey details accelerated RegTech growth during the pandemic
A survey conducted by regulatory technology business Clausematch has found the RegTech industry has witnessed accelerated growth during the coronavirus pandemic.
Why Revolut and the CyberTech industry stand out from the 42 funding rounds raised...
FinTech companies continue to rake in millions of dollars with a slew of startups graduating to the unicorn club. The 42 ventures in the...
Cognitive View considers funding for its global expansion
Founded in 2018, the Australian firm Cognitive View analyses customer communication data to identify conduct-related risk. The company – led by CEO Dilip Mohapatra – have had a busy last year, despite the challenges brought about by the pandemic. So what is next for the company?
