Singapore branch of Swiss bank fined for breaching anti-money laundering requirements
The Singapore branch of the Swiss wealth manager Bank J Safra Sarasin (BJS) was fined $750,000 by the Monetary Authority of Singapore (MAS) for serious breaches of anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.
DoControl introduces SaaS security platform following funding injection
New York-headquartered network security firm DoControl has commercially launched its fully automated SaaS security platform on the back of receiving $10m in Series A funding.
Chinese regulator slaps $2.75bn anti-trust fine on Alibaba
Chinese online retail giant Alibaba has been hit with a $2.75bn fine after an anti-monopoly probe found that the e-commerce firm abused its dominant market position for several years.
SEC warns against misleading projections by companies going public via SPAC
US regulator warned that companies going public through special purpose acquisition companies (SPAC) deals must refrain from publishing misleading statements about their potential growth.
Nigeria’s SEC warns investment platforms to stop trading foreign securities
Nigeria’s Securities and Exchange Commission (SEC) has warned capital market operators to stop supporting online investment trading platforms and providing access to unregistered foreign securities in Nigeria.
Sikich acquires Process Stream to expand its product suite
Sikich, which designs a range of tools for financial services, has acquired Process Stream to expand its product suite.
SteelEye set to bolster reach with North America expansion
London-headquartered RegTech firm SteelEye is eying development across North America following two strong funding rounds last year.
SEC secures asset freeze on alleged film rights-linked Ponzi scheme
A Hollywood-based film company has had its assets frozen after the Securities Exchange Commission (SEC) claims the firm was harbouring a Ponzi scheme.
Tax compliance firm Blue dot banks $32m while eyeing global expansion
AI-driven tax compliance solution provider Blue Dot secured $32m in a Series C round led by Ibex Investors in partnership with Lutetia Technology Partners.
ESMA releases final report on SME Growth Markets
The European Securities and Markets Authority (ESMA) has released the final report on the functioning of the regime for SME Growth Markets as part of MiFID/MiFIR.
