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Former U.S. regulator leads effort to create digital dollar
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Former U.S. regulator leads effort to create digital dollar

The project will explore how a cryptocurrency could produce a more efficient and safer means of cross-border trade, clearance and settlement. The former chair of the Commodity Futures Trading Commission (CFTC) has partnered with Accenture to create the non-profit Digital Dollar Project, which plans to explore the creation of a U.S. […]

Regtech is Ready for a Breakthrough in Latin America
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Regtech is Ready for a Breakthrough in Latin America

Craig Dempsey is the CEO and Co-Founder of Biz Latin Hub, a firm that helps both local and foreign companies establish and operate their businesses successfully in Latin America through a full suite of back-office services. Before becoming a business owner and entrepreneur, Craig served as an Australian military officer. He […]

HSBC launches real-time payments for business clients
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HSBC launches real-time payments for business clients

HSBC is improving payments for its business clients through a suite of tools launched last week called Treasury APIs, which are designed to speed up payments for small businesses and large corporate clients alike.  HSBC’s Treasury APIs embed payment capabilities into other workflows. According to the bank, this allows treasurers to make payments from their […]

Red Deer and Cappitech combine MiFID II and MAR services for the buy-side
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Red Deer and Cappitech combine MiFID II and MAR services for the buy-side

Compliance technology providers Red Deer and Cappitech will offer each other’s services to their respective clients for a more integrated solution. Technology providers Red Deer and Cappitech have teamed up to combine their services to provide investment firms with a holistic regulatory compliance solution. The partnership will see Red Deer […]

The Process of KYC and its Future in an Evolving World
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The Process of KYC and its Future in an Evolving World

Complying with KYC does not entail one single check, but rather, is a series of processes that combine to ensure the verification of an individual’s identity and the analysis of their suitability to use financial services. The main stages that make up this process are identification, Customer Due Diligence (CDD) […]

FCA takes control over AML and CTF supervision of UK cryptoasset activities
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FCA takes control over AML and CTF supervision of UK cryptoasset activities

UK businesses conducting cryptoasset activities must register with the FCA. The UK Financial Conduct Authority (FCA) has become the anti-money laundering and counter-terrorist financing (AML/CTF) supervisor for businesses engaging in certain cryptoasset activities under the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs). Any UK business […]

How to build a culture of compliance
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How to build a culture of compliance

Regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively mitigate their exposure to risk. With scrutiny around regulatory compliance increasing, regulated financial institutions need to ensure that they are putting policies and procedures in place to effectively respond to, and mitigate, their […]

Why Prioritizing Cybersecurity Makes Compliance Easier
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Why Prioritizing Cybersecurity Makes Compliance Easier

Every month in 2019, a new high-profile data breach made headlines. More than a billion customers of various companies had their private information stolen by hackers or exposed to unsecured servers. This poor management of private data angered many – including lawmakers. New data privacy laws in California and New York […]

Mastercard turns to AR to visualize loyalty benefits
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Mastercard turns to AR to visualize loyalty benefits

Payments giant Mastercard launched a new augmented reality (AR) app this month that lets cardholders get a bird’s-eye view of their benefits. It’s a move that the company hopes will drive engagement and loyalty, and add value to the offerings of its partner financial institutions. “At Mastercard, we’re using our technology […]

UK Financial Watchdog Now Supervises AML/CTF Compliance For Businesses
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UK Financial Watchdog Now Supervises AML/CTF Compliance For Businesses

The well known and popular UK financial watchdog which is the Financial Conduct Authority (FCA) is now actively supervising the anti-money laundering (AML) and counter-terrorist financing (CTF) compliance for companies which are carrying out crypto-related activities. The Bitcoin and altcoin news feature an official announcement published on January 10 which […]