credit: Lewis Tse/Shutterstock US bank J.P. Morgan has been hit with a $2.4m civil penalty by the Monetary Authority of Singapore (MAS) for failing to prevent and detect misconduct committed by its…
Category: Compliance
CFIT-led fintech coalition proposes ‘digital passports’ ID model
Credit: Ian Sidlow / Shutterstock A cross-sector coalition of companies and regulators has reported progress on its work to create a digital ID specifically tailored for corporate use. The coalition is led…
HMRC leads the way in combatting fraud with £300m investment
Editorial credit: Claudio Divizia / Shutterstock.com HMRC has invested nearly £300m to bolster its defences against rising fraud levels. This money will directly affect the UK tax office’s compliance and fraud investigation…
Thistle Initiatives: Get your house in order with strong regulatory compliance
Thistle Initiatives, a finance compliance consultancy firm, has been riding a wave of momentum through several new key hires to its team and increasing its revenue over the past two years. These…
Crypto.com sues “misguided” SEC after receiving Wells notice
The US Securities and Exchange Commission (SEC) has had a lawsuit filed against it by Crypto.com citing “unauthorised and unjust regulation by enforcement”. Crypto.com filed the suit against the US financial regulator…
Klarna under scrutiny from Swedish authority over AML measures
credit: Shutterstock The Swedish Financial Supervisory Authority has criticised Klarna over its anti-money laundering (AML) and counter terrorist financing measures. According to Swedish news outlet Dagens Industri, the authority held a preliminary…
Binance ramping up compliance efforts following India market re-entry
credit: Shutterstock The world’s largest cryptocurrency exchange, Binance, has confirmed it has re-entered the Indian market after registering with the country’s Financial Intelligence Unit (FIU). Binance is now back available on the…
ID Check: Clear Junction’s Etika Chopra – Breaking down gender barriers
Payment Expert’s ID Check: Payments Professionals offers insight from industry leaders and experts on how they got their start in the financial industry, from their early years in education, to how they…
Liron Warhaftig, BetMGM: Gaming can learn from finance’s blockchain and AI example
Different business sectors learning from one another is nothing new, and between increasingly interconnected sectors this is stepped up to another level. The gaming and finance sectors are a prominent example of…
Weavr obtains EMI licence to expand its European SaaS services
credit: Shutterstock Embedded finance provider Weavr has obtained an Electronic Money Institution (EMI) licence from the Maltese Financial Services Authority (MFSA) to expand its Software-as-a-Service (SaaS) services across Europe. The MFSA granted…