CFTC changes financial trade rules to ensure the market keeps evolving with the times
The financial crisis pushed the US congress to introduce the Dodd-Frank Act to avoid a similar collapse in the future. Now the Commodity Futures Trading Commission (CFTC) has taken another step towards ensuring the evolution of derivatives and swap execution facilities (SEF).
The FCA has not prosecuted a single firm under new money laundering rules introduced...
A freedom of information request has unveiled that the Financial Conduct Authority (FCA) has so far not brought in a single prosecution under the new anti-money laundering (AML) rules it introduced two years ago.
AML360 has become the latest RegTech venture to expand across Southeast Asia
RegTech startup AML360 has revealed ambitious plans to grow acros Southeast Asia, pushing its third-party outsourcing features as one of its key services.
Financial assets grew to $378.9trn in 2018
Banks have been the key drivers behind the growth of financial assets, according to the Financial Stability Board (FSB).
“There will not be alignment” Sajid Javid tells businesses as Brexit approaches
The UK's chancellor of the Exchequer has admitted that some firms will suffer as he ruled out alignment with EU legislation.
How RegTech is becoming more than just a subset of FinTech
The 2010s saw business leaders realise the importance of compliance. However, RegTech could get even bigger in the next decade, believes Kristoff Zammit Ciantar, CEO of KYC Portal.
Australian authorities arrest members of suspected Vietnamese criminal network over money laundering charges
Drugs, guns and $5m in laundered money are some of the key ingredients in a series of arrests made by Australian authorities to break up a criminal network.
FCA and the Bank of England tell financial firms it’s time to get rid...
The traditional way banks calculated interest rates if it would borrow from other banks is about to end. And it is time financial services firms prepare for it.
How Brexit could change one of the most important laws for financial firms
With days left until the UK officially leaves the EU, David Clee, CEO of MirrorWeb, explains how the divorce may change how British businesses operate.
Global money laundry fines totalled $8.14bn in 2019
The number of money laundering fines around the world doubled in 2019, according to new research from Encompass, the RegTech startup.
