Soros acquires tax software competitor 1099 Pro to broaden SME offering
Global tax software provider Sovos has purchased tax software and services company 1099 Pro for an undisclosed fee.
Identitii unveils SaaS platform to reduce AML and CTF compliance risks
Identitii has launched a software-as-a-service platform to help firms cut non-compliance reporting risks with anti-money laundering (AML) and counter-terrorist financing (CTF).
Government review finds key regulatory shortfalls in Australian payments system
A payments system review by the Australian government has detailed key regulatory issues in the country’s payment ecosystem.
Thailand’s central bank unveils plans for digital currency pilot in 2022
The Bank of Thailand (BOT) has revealed it intends to begin a retail central bank digital currency (CBDC) pilot study in the second quarter of 2022.
Korean FSC to create virtual asset division in its financial intelligence unit
South Korea’s Financial Services Commission (FSC) has revealed it is set to establish a virtual asset division within the Korea Financial Intelligence Unit (KoFIU).
CBIRC demands insurance company self-checks in management crackdown
The China Banking and Insurance Regulatory Commission (CBIRC) has called on online insurance firms to conduct self-assessments to identify violations and make corrections.
RBI publishes consultation on overseas investment liberalisation
The Reserve Bank of India (RBI) has introduced two consultation papers with an aim of liberalising the county’s overseas investment regulatory stance.
Bank of Korea set to kick-off central bank digital currency pilot
The Bank of Korea (BOK) has revealed it is planning to initiate its central bank digital currency (CBDC) pilot later this month.
SEC chair highlights US cryptocurrency regulation shortfalls
The Securities and Exchange Commission (SEC) chair has outlined gaps in US regulation of cryptocurrencies that could cause investor risk and financial crime concerns.
Research provides guide for financial services industry in reducing gambling harm
UK charity GambleAware has published a guide to help companies in the financial services market reduce gambling-related harm to customers.
