Latest Regulation & Compliance News: Finextra Research

Money20/20: MiCA, the regulation to rule them all

Hot on the heels of the Securities and Exchange Commission (SEC) suing Binance and its founder Changpeng Zhao for failing to protect US investors, Vishal Sacheendran, director, MENA & Europe, Binance, took to the stage at Money20/20 in Amsterdam to provide a TL; DR version of incoming crypto asset Markets in Cryptoassets (MiCA) regulation.

07 June 2023

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Lucinity unveils generative AI-powered financial crime compliance copilot

Lucinity has launched a generative AI-powered 'copilot' designed to boost the productivity of financial crime compliance teams.

07 June 2023

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Money20/20: HSBC to take SVB global

Money20/20 afternoon sessions began with a fireside chat between HSBC UK CEO Ian Stuart and Arjun Kharpal, senior technology reporter at CNBC. They discussed HSBC’s acquisition of Silicon Valley Bank (SVB) and what the future holds.

06 June 2023

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SEC sues Coinbase

The Securities and Exchange Commission has sued Coinbase for operating its crypto asset trading platform as an unregistered national securities exchange, broker, and clearing agency.

06 June 2023

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SEC sues Binance and CEO Changpeng Zhao

The Securities and Exchange Commission has sued Binance and its CEO Changpeng Zhao, alleging a host of securities law violations and accusing the world's largest crypto exchange of engaging in an "extensive web of deception".

05 June 2023

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UK lawmakers call for urgent action on crypto regulation

A cross party group of MPs and Lords in the UK Parliament has called for urgent regulation of the cryptocurrency sector and the appointment of a 'Crypto Tsar' to coordinate the Government's approach.

05 June 2023

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OpenAI receives warning from Japanese privacy watchdog

The Japanese privacy watchdog, Personal Information Protection Commission, has sent a warning to OpenAI over the collection of sensitive data without individual’s permission.

02 June 2023

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CFPB warns consumers about non-insured payments apps

The Consumer Financial Protection Bureau (CFPB) has warned users of non-bank payment apps that their accounts are not protected by federal deposit insurance coverage.

02 June 2023

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Lithuania revokes Transactive Systems UAB's licence over AML failures

The Bank of Lithuania has revoked Transactive Systems UAB's electronic money institution licence and fined the payments firm €280,000 for "seriously and systematically" infringing anti-money laundering and counter terrorist financing requirements.

01 June 2023

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HSBC partners Quantinuum for quantum computing research

HSBC is working with tech firm Quantinuum on a series of exploratory projects looking at the use of quantum computing in banking.

01 June 2023

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BIS explores use of data, tech and collaboration to combat money laundering

Using payments data, privacy-enhancing technologies, AI and enhanced cooperation for a behavioural-based analysis approach to detecting money laundering networks is more effective than the current rules-based approach, concludes new research from the BIS Innovation Hub.

31 May 2023

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MAS and Google Cloud collaborate on generative AI

The Monetary Authority of Singapore is to work with Google Cloud to explore potential use cases for generative AI.

31 May 2023

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