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Latest Results from /regulation

/regulation

FCA delays crypto cooling rules

The UK's Financial Conduct Authority says it will give some crypto firms more time to comply with upcoming marketing rules such as the 24-hour cooling off period for first time investors.

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FCA finds firms wanting in applying sanctions controls

An FCA survey of sanctions controls at 90 UK firm has found deficiencies across a range of key indicators, including staffing, technology and reporting frameworks.

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UK startup Perenna secures banking licence from the FCA and PRA

Mortgage lender Perenna has become the first UK startup to receive an unrestricted banking licence in 2023.

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Financial crime becomes a hot ticket for investors as Strise raises $10.8 million

Nordic AML vendor Strise has raised a $10.8 million Series A funding round to drive international expansion, starting with the UK.

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Regulator sues Westpac over financial hardship notice response delays

An Australian regulator has taken Westpac to court, accusing the bank of failing to respond to customers that filed financial hardship notices because of a problem with its online process.

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Financial crime detection outfit ThetaRay raises $57m

ThetaRay, the Isralei fintech that enables banks to monitor payment traffic to sniff out money laundering risks, has completed a $57 million fundraising round.

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Fed warns Goldman over fintech unit risk - FT

A division of Goldman Sachs' transaction banking business (TxB) has stopped taking on riskier fintech clients after receiving a warning from the US Federal Reserve, according to the Financial Times.

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Google DeepMind co-founder argues US should set AI global standards - FT

Mustafa Suleyman, Google DeepMind's co-founder and chief executive of Inflection AI, told the Financial Times that the US should use their chip leadership to enforce minimum global standards for the use of AI.

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Crypto industry reacts as FATF Travel Rule comes into effect

From today, the UK will enforce new anti-money laundering rules for crypto as set out by the Financial Action Task Force (FATF).

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Switzerland to impose highest AML standard in Europe

The Swiss Government has drafted new anti-money laundering regulations which will impose a higher standard than the rest of Europe.

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FCA to conduct fair value assessments to ensure consumer savings deals

The Financial Conduct Authority (FCA) has assessed 9 firms on their savings products following concerns of unfair saving deals for consumers.

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Grayscale secures SEC legal win over bitcoin ETF

A US federal appeals court has sided with an asset manager in a lawsuit against the Securities and Exchange Commission (SEC) after the regulator denied an application to convert the Grayscale Bitcoin Trust into an exchange-traded fund (ETF).