For the latest news, events and jobs
Sunday, July 3, 2022
Having worked in the financial industry for 20 years, I always found it interesting how stock markets have been the proxy for gauging public fear. My first job was working as a trader at a Wall Street firm. The first taste I got about the connection between the markets […]
AML/KYC screening is a mandatory part of the compliance operations of businesses. Nowadays every business is liable for some sort of KYC and AML compliance, and heavy non-compliance fines and penalties have left no choice but to invest in compliance. The regulations have changed and are more strict for financial […]
The EU cannot work out exactly what Libra is according to a memo by European Commission executive vice-president, Valdis Dombrovskis. Dombrovskis refers to the “need to ensure clarity” about what Libra is, but that the information provided by Facebook is not sufficient. Libra is described as a “moving target” that […]
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 […]
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 […]
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 […]
New data protection laws are changing marketing forever for merchants, payment firms and other companies. It started with GDPR, the EU’s landmark privacy regulation that ensured consumers must consent to receive digital communications from corporations. California is next: The California Consumer Privacy Act, modelled largely after GDPR, will go into […]
With the total market capitalization of cryptocurrencies estimated to be more than US$200 billion, it’s evident to industry observers that the crypto industry has been rapidly on the rise in recent times. Inevitably, with the rise, comes bad actors who see it as an opportunity profit from it in unscrupulous […]
The platform economy and cryptocurrency spaces are booming global industries. But as a result of regulatory changes, they’re not easy spaces to penetrate. PSD2 was introduced in January 2018, dictating that non-regulated businesses who held customer funds were no longer acting compliantly. Prior to this, businesses had been able to […]
The UK’s Financial Conduct Authority (FCA) has released new rules for the buy now, pay later (BNPL) market, to better protect consumers. With these new rules, the FCA hopes it can save consumers around £40m – £60m a year. These changes will include the banning firms from charging backdated interest […]