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Europe and UK chart new course for digital asset regulation
Europe's regulatory landscape for digital assets is undergoing a significant shift, with two major updates from Luxembourg and the United Kingdom signalling that digital...
Why financial crime risk assessments are now strategic
There was a time when financial crime risk assessments were treated as a box-ticking exercise, completed periodically to meet regulatory expectations rather than to...
Why dynamic financial crime risk assessments matter now
Not long ago, many firms treated financial crime risk assessments as a box-ticking exercise—documents produced annually to satisfy regulators, then filed away until the...
RegTech misuse drives compliance failures, says EBA
The European Banking Authority (EBA) has raised concerns over the increasing money laundering and terrorist financing (ML/TF) risks across the EU financial sector in...
Five major hurdles financial institutions face in client onboarding
A survey conducted by Muinmos has shed light on the significant hurdles financial institutions face during client onboarding.
EBA launches consultation on new MiCAR reporting guidelines
The European Banking Authority (EBA) has announced a public consultation on new draft Guidelines intended to standardize reporting requirements under the Markets in Crypto-assets Regulation (MiCAR).
EBA issues new guidelines to enforce travel rule
The European Banking Authority (EBA) today announced the introduction of new Guidelines concerning the 'travel rule' for fund and crypto asset transfers.
Navigating through MiCA: Unpacking the EU’s new crypto-asset regulations
The Markets in Crypto-Assets Regulation (MiCA) is setting a precedent, crafting a well-structured framework for regulating crypto-assets throughout the European Union (EU) which are not yet encased by current financial services legislations.
Canada’s OSFI eyes risk management with proposed Crypto-asset guidelines
The Office of the Superintendent of Financial Institutions (OSFI) is taking strides to adapt to the rapidly changing digital asset landscape. Reflecting the shifting risk environment and emerging global patterns, OSFI is introducing modifications to its capital and liquidity guidelines for crypto-assets.
The Impact of MiCA on the EU’s Crypto Landscape
The forthcoming Markets in Crypto-Assets Regulation (MiCA) aims to standardise the regulatory landscape for crypto-assets within the European Union (EU). This is particularly significant for crypto-assets that do not currently fall under existing financial services legislation. My Compliance Office (MCO) recently explored how companies can prepare for MiCA.
