Tag: European Union

According to recent analyses, such as a report from NASDAQ, financial crime continues to funnel a staggering $3.1 trillion through the global financial system annually.

Money laundering continues to pose a significant threat across the Asia Pacific region, with sophisticated tactics challenging financial institutions. As technological advancements emerge, so too do the strategies of those intent on manipulating financial systems. In response, both regulatory bodies and financial institutions are developing innovative approaches to counter these threats.

Okredo, a Lithuanian company specializing in open data solutions, has successfully secured €1.2m from the EU. According to Finextra Research, this funding marks a...

Customer Due Diligence (CDD) stands as a cornerstone in the ongoing battle against money laundering and terrorist financing. It compels regulated entities to collect and verify personal details—name, address, date of birth, and government-issued identification—from customers to authenticate their identities and assess potential financial crime risks.

Eye Security, a Netherlands-based cybersecurity firm, has successfully closed a €36m Series B funding round.

The Council and the European Parliament have made a significant step forward by reaching a provisional agreement on the Net-Zero Industry Act (NZIA). The NZIA...

The landscape of sustainability reporting is undergoing a transformative shift with the introduction of the Voluntary European Sustainability Reporting Standards (VSME). This groundbreaking initiative is...

TrueLayer has become the first participant in the SEPA Payment Account Access Scheme (SPAA).

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. 

The European Union (EU) has recently adopted a new and thorough robust data privacy agreement with the United States.