Latest Results from /regulation
/regulation
The Securities and Exchange Commission (SEC) has charged JP Morgan $18 million for obstructing clients and brokerage customers from reporting breaches of law to regulatory authorities. The payments giant has agreed to pay the penalty charge.
19 January 2024
EquiLend, the securities lending trading platform owned by 10 major Wall Street firms, is being acquired by private equity firm Welsh, Carson, Anderson & Stowe (WCAS).
The US saw around 1.6 million Bank Secrecy Act (BSA) reports in 2021 tied to the exploitation of identity processes during account creation, account access, and transaction processing, indicating $212 billion in suspicious activity.
18 January 2024
German RegTech Hawk AI has brought in HSBC compliance veteran Michael Shearer as chief solution officer.
Encompass Corporation has acquired two compliance startups - CoorpID and Blacksmith - developed by Dutch bank ING.
17 January 2024
The Securities and Exchange Commission (SEC) has charged Future Fintech CEO Shanchun Huang with fraud for failing to share his ownership and transactions of Future Fintech stock shortly before he was appointed as CEO.
12 January 2024
Swiss payment technology house Rivero has raised $7 million in Series A funding to step into new markets and boost its product development and workforce.
11 January 2024
In a landmark judgement, the US Securities and Exchange Commission has approved 11 bitcoin spot ETFs paving the way for mass adoption of digital assets.
The US Securites and Exchange Commission has confirmeed that its X account was hacked and used to post spurious approval for the listing and trading of spot Bitcoin exchange-traded products.
09 January 2024
A US lobby group representing the interests of Big Tech firms has hit out at proposals by the Consumer Financial Protection Bureau to regulate tech giants such as Apple and Google that offer digital payment apps and wallets.
The Commodity Futures Trading Commission (CFTC) is urging policymakers to address identity issues in Decentralized Finance (DeFi) operations.
The G20's plan to make cross-border payments faster, cheaper, more transparent and inclusive could increase fraud and money laundering, warns a new report.
08 January 2024
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