Latest Reporting/compliance News: Finextra Research

Crypto ATMs the target of continued FCA crackdown

The Financial Conduct Authority (FCA) has been working alongside the South West Regional Organised Crime Unit in Yorkshire, the Humber Regional Organised Crime Unit, and the Nottinghamshire Police Force to continue its crackdown on unregistered crypto ATMs.

05 May 2023

News/retail

TD Bank blames regulatory uncertainty for failed First Horizon acquisition

Canada’s TD Bank has pulled its planned purchase of US bank First Horizon, stating that questions around approval of the £13.4 billion deal from regulators was to blame.

05 May 2023

Research/Reporting/compliance

The Future of Regulation, Risk Management, and Compliance 2023

21 April 2023 1002 downloads

News/crypto

IFGS 2023: BoE's Sir Jon Cunliffe reveals how tokenisation of money is being explored

The Deputy Governor of the Bank of England for Financial Stability Sir Jon Cunliffe explored how the central bank is looking to secure the UK's economic future and whether digital currencies and assets are the answer at Innovate Finance Global Summit, held at Guildhall in London.

18 April 2023

News/regulation

IFGS 2023: FCA and NayaOne partner on permanent digital sandbox

Jessica Rusu, chief data, information and intelligence officer, FCA took to the stage at Innovate Finance Global Summit, held at the Guildhall in London, to discuss the role of regulation in protecting both the public and the industry's infrastructure.

17 April 2023

News/crypto

Citi Digital Money Symposium: Global standardisation of cryptoassets is critical

Citi’s Digital Money Symposium brought together experts and businesses in the industry to explore trends and future developments in the digital money market.

31 March 2023

Company update/crime

Swedbank to work with OFAC to assess impact of AML failings

Swedbank can now assess the financial impact from the investigation by the U.S. Treasury’s Office for Foreign Assets Control (OFAC) regarding the bank´s historical shortcomings. OFAC’s investigation relates to the transactions that the bank has notified the authority about. Swedbank therefore makes a provision of 40 million SEK.

10 March 2023

News/security

Central Bank of Ireland blocks staff use of ChatGPT

Ireland's central bank has become the latest financial institution to ban its employees from using the artificial intelligence (AI) chatbot ChatGPT.

03 March 2023

News/cloud

Financial Cloud Summit 2023: Strategising digital transformation and balancing trust with partners

To successfully engage in digital transformation in the transition to the cloud, financial firms are looking for creative methods to approach their cloud strategy. In doing so, companies are dealing with issues of cost, security, and scalability. The first stage of the conference explores how companies are making strategic on visibility, data ownership, cloud providers, and more.

02 March 2023

Company update/crime

Themis and Diligencia announce partnership

Themis announces today a new strategic partnership with Diligencia, a leading provider of corporate data in the Middle East and Africa (MEA). This partnership reflects the ongoing, significant investment in Themis’ AML/CFT technology, and follows the recent announcement of successfully overfunding in their Pre-Series A round - raising a total of £3.1 million.

24 February 2023

News/crypto

Crypto trade group criticises SEC insider trading case

A US-based trade association representing crypto firms has called for the dismissal of an insider trading case brought by the Securities and Exchanges Commission (SEC) arguing that the regulator has unfairly labelled crypto assets as securities.

23 February 2023

News/crypto

Terraform and CEO Do Kwon charged with fraud by SEC

The Securities and Exchange Commission (SEC) has charged cryptocurrency firm Terraform Labs and its CEO, Do Kwon, with orchestrating a multi-billion dollar crypto fraud scheme.

17 February 2023

News/identity

Plaid rolls out identity and KYC integration in Canada

Plaid has announced it will enable its identity verification and KYC solutions in Canada, to help users comply with Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) requirements.

17 February 2023

News/regulation

Kraken’s staking-as-a-service sunk by SEC

The US Securities and Exchange Commission (SEC) reached a settlement of $30 million with crypto platform Kraken, for the exchange’s failure to register its staking-as-a-service program.

10 February 2023

Company update/wholesale

SNB Capital chooses Broadridge to build local lending business

To address recent regulatory changes, SNB Capital has chosen global Fintech leader, Broadridge Financial Solutions, Inc. (NYSE:BR), to help build its local securities lending and borrowing business. As the largest broker and asset manager by market share in 2022 and a leading custodian in Saudi Arabia, SNB Capital will leverage Broadridge’s Securities Finance and Collateral Management (SFCM) solution to grow the coverage of its Securities Services offering on local assets.

09 February 2023

News/regulation

FCA cracks down on fraudulent promotions

New data published by the Financial Conduct Authority (FCA) reveals that the regulator blocked over 8,000 misleading advertisements and promotions during 2022.

03 February 2023

Company update/security

GSS platform to deploy Silent Eight AI for sanctions adjudications

Global Screening Services (GSS) and Silent Eight, have today announced that following a competitive selection process, Silent Eight’s flagship AI technology will power sanctions adjudications in the GSS platform.

02 February 2023

Research/Reporting/compliance

Sustainable Finance Live - Enabling positive change through innovation and collaboration

31 January 2023 399 downloads

News/people

Exclusive: Feedzai cuts workforce amid ‘restructuring’ - sources

Sources have confirmed that Portuguese unicorn Feedzai has cut its workforce as the company begins restructuring in the face of challenging economic conditions.

27 January 2023

News/regulation

SEC fines Nexo $45 million in penalties

American regulatory authority, the Securities and Exchange Commission (SEC) charged crypto asset platform Nexo $45 million in penalties for the unauthorised sale of a crypto lending product.

20 January 2023