Tag: digital assets

The Bank Secrecy Act (BSA), passed by the US Congress in 1970, established the foundation for anti-money laundering (AML) compliance in the financial sector....

The concept of risk-based approaches (RBAs) has become central to financial crime compliance worldwide. According to Arctic Intelligence, unlike rigid, rule-based systems, RBAs allocate...

Comply Exchange and Ledgible have announced a new partnership designed to simplify the growing challenge of digital asset tax compliance.

The Hong Kong Monetary Authority (HKMA) has announced the implementation of a comprehensive regulatory framework for stablecoin issuers, which will officially come into effect...

For those working in compliance, fraud or anti-money laundering (AML), professional development doesn’t need to pause just because it’s summer. In fact, it can...

Switzerland’s sweeping 2025 reform of its anti-money laundering (AML) regime has introduced significant changes that are transforming compliance expectations for financial institutions. According to Moody's,...

Next Generation NGPES, a France-based FinTech platform developing a unified payment ecosystem bridging traditional finance and digital assets, has partnered with Sumsub, a global...

As tax regulation evolves to include digital assets, businesses must shift from reactive to proactive compliance strategies. A key focus has been the expanded scope of Section 6045 and 6045A, which now categorises digital asset trading platforms, wallet providers, and payment processors as brokers. This change subjects them to the same IRS reporting standards as traditional securities, creating new obligations for tax information collection and verification.

The Abu Dhabi Global Market (ADGM) has issued a major enforcement action, shining a spotlight on the regulatory vulnerabilities facing virtual asset firms. This move serves as a stark reminder of the growing scrutiny within financial free zones, particularly in the rapidly evolving digital asset space.

The RegTech sector has gained significant traction in the financial industry over the past few years, with global adoption accelerating. According to market projections,...