The personal finance company's AML/CTF programme was not properly implemented and did not include sufficient details on transaction monitoring and CDD.
February 23, 2023The consultation sets out requirements under the new licensing regime, including safeguards for retail investors, travel rule requirements, and maximum penalties for misconduct.
February 20, 2023Hong Kong was upgraded for extending AML/CFT supervision to most DNFBP sectors, but downgraded for virtual asset-related deficiencies.
February 20, 2023David Griffiths, Head of Regulatory Affairs at Eventus, discusses the common challenges associated with off-the-shelf-transaction monitoring systems and what a more effective approach looks like.
February 20, 2023The MoUs will support improved supervisory practices and tools, and facilitate enhanced monitoring of businesses operating across the UK and Australia.
February 20, 2023No crypto ATM operators currently have FCA registration, but the locations of several such machines have been established by authorities.
February 19, 2023Australia's delays in passing Tranche 2 legislation compared with swift implementation in New Zealand highlights different approaches between the two countries, says Julian Fenwick.
February 16, 2023The FCA reportedly directed Barclays to undergo an independent review due to concerns about a large volume of KYC and AML incidents.
February 14, 2023The CBDDQ updates include a new section on fraud and additional questions related to whistleblower policy, virtual bank licence, the approval of sanctions policy, and other changes.
February 13, 2023Project Aurora will study privacy-enhancing technologies, machine learning methods, network analysis, the use of additional data sources, and "machine-readable typologies".
February 13, 2023