Tag: Fintech

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.

Effective onboarding has become a critical business function, serving not just as the first touchpoint for customers and vendors but as a reflection of a company’s values and operational maturity.

The FCA has announced it will not move forward, for now, with plans to extend its Sustainability Disclosure Requirements (SDR) and sustainable investment labelling...

Comply Exchange has announced a new strategic partnership with SAP Ariba and PayPal, in a move set to transform how businesses handle tax documentation and onboarding processes.

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.

Imagine planning your next holiday. You order a ride-hailing service to the airport, check into a cosy home rented via a short-term rental platform,...

Persona, a San Francisco-based verified identity platform, has raised $200m in a Series D funding round, valuing the company at $2bn.

In 2024, Nasdaq reported that more than $3.1tn in illicit funds circulated through the global financial system, with much of it hidden using so-called ‘money mules’.

As artificial intelligence continues to reshape the compliance and risk management landscape, many organisations are grappling with how to distinguish genuine AI-driven solutions from traditional software products dressed up with analytics.

The UK FCA is preparing to roll out a new live testing service for AI, designed to help financial firms deploy AI tools in...