Fintech / Regtech

Fintech / Regtech

Visa, Western Union, GBBC Join Digital Dollar Project

By Editors | 03/04/2022

The new members were announced just weeks after President Joe Biden signed an executive order outlining a “whole-of-government approach” to evaluate digital assets including a CBDC.

AML / KYC

The Future of AML Auditing is Increasingly Digital

By Claus Christensen | 03/04/2022

A shift to digital-first AML auditing and more open communications will improve efficiency and effectiveness for regulators and regulated entities alike, writes Claus Christensen.

Fintech / Regtech

FCA Allows Crypto Firms to Continue Under Temporary Registration

By Editors | 03/04/2022

Though the deadline has passed, six cryptoasset firms with temporary registration can still continue to operate under temporary registration.

Crypto / Digital Assets

India Passes Legislation to Implement 30pc Crypto Tax

By Editors | 01/04/2022

Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.

Fintech / Regtech

APRA Sets Out Roadmap for Full Transition to APRA Connect

By Editors | 01/04/2022

APRA says it will receive all data collections through APRA Connect by 2027, and regulated entities should prepare by exploring automation opportunities.

AML / KYC

US DOJ Charges Two for NFT Fraud, Money Laundering

By Sanday Chongo Kabange | 01/04/2022

The two defendants promised benefits to NFTs buyers and then transferred the $1.1mn in crypto proceeds to various wallets under their control.

Fintech / Regtech

ISDA Publishes New Paper on Digital Regulatory Reporting

By Editors | 01/04/2022

DRR will allow for consistent rule interpretation, more streamlined and automated reporting, and fewer data quality issues, ISDA says.

Big Picture

FSB Publishes Work Programme for 2022

By Editors | 31/03/2022

Key focus areas include work to address Covid-19 scarring effects, enhance cross-border payments, and address financial risks from climate change.

Fintech / Regtech

BIS, MAS Launch Prototype Supervisory Analytics Platform

By Manesh Samtani | 31/03/2022

Project Ellipse can provide regulators with early warning indicators, analytics and prudential metrics to assist them in risk detection and banking supervision.