Tagged: compliance

October 8, 2023 @ 1:56 pm By Omar Faridi  |  

In compliance with the updated Financial Promotions Regime, Binance has reportedly launched a new domain for UK users and partnered with Rebuildingsociety.com Limited which will “approve Binance’s marketing and communications materials.” Rebuildingsociety.com is an FCA regulated firm which is “authorized to approve crypto marketing and… Read More

October 1, 2023 @ 7:35 pm By Omar Faridi  |  

Digital bank Revolut is reportedly engaged in discussions with the UK’s financial regulator regarding potential failures that enabled funds to be released from customer accounts identified by the National Crime Agency as suspicious. This latest development is now part of several issues that impact the… Read More

September 28, 2023 @ 6:06 am By Omar Faridi  |  

Fastpath, a global firm focused on application governance, risk, and compliance, is expanding its partnership with the Chartered Institute of Internal Auditors (Chartered IIA), the internal audit firm focused on standards, certification, education, research, and technical guidance in the UK and Ireland. The alliance will… Read More

September 20, 2023 @ 9:38 am By Omar Faridi  |  

Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings and Northern Trust, is announcing it has partnered with OpenEden, a compliance-first partner that connects real-world yield opportunities with on-chain assets through its innovative platform that “integrates well understood regulated structures… Read More

September 15, 2023 @ 12:17 pm By Omar Faridi  |  

US-headquartered crypto firm Ripple recently stated that it intends to keep fighting the current lawsuit with the US Securities and Exchange Commission (SEC). The dustup with the regulator is emblematic of the broader challenges digital asset firms face in the US as the SEC has… Read More

September 14, 2023 @ 12:59 pm By Omar Faridi  |  

TS Imagine, a global cross-asset provider of trading, portfolio, and risk management solutions for financial services organizations, is unveiling a strategic partnership with eflow, a prominent provider of regulatory compliance solutions for the industry. The partnership represents “a significant step forward in TS Imagine‘s commitment… Read More

September 8, 2023 @ 9:42 am By Omar Faridi  |  

Executing on its global approach to building an end-to-end financial technology platform, Adyen’s UK banking authorization secures ongoing service levels for UK businesses. Adyen (ADYEN:AMS), the global financial technology platform of “choice” for businesses, announced that its UK branch has been “granted authorization as a… Read More

September 4, 2023 @ 9:39 pm By Tony Zerucha  |  

Sumsub, a global full-cycle verification platform, today launched a six-month free trial of its Travel Rule compliance solution. The product will be available to global cryptocurrency organizations in time for the enforcement of the landmark Crypto Travel Rule legislation expanding in the United Kingdom today to further combat money laundering and terrorism… Read More

September 3, 2023 @ 7:19 am By Omar Faridi  |  

Velocity Global, which claims to be the world’s expert on work, announced the appointment of Susan McDonough as Chief Transformation Officer and Frank Lucier as Chief Customer Success Officer, effective August 28th and September 5th, respectively. In her role, Susan will manage and execute “on… Read More

September 1, 2023 @ 4:25 pm By Omar Faridi  |  

Billtrust, a B2B order-to-cash software and digital payments service provider, released its first annual E-Invoicing Interoperability and Compliance Report, “offering a view into the ever-changing global electronic-invoicing requirement landscape, featuring dynamic regulatory and technological developments.” In addition to an extensive compilation of current B2B and… Read More

August 29, 2023 @ 6:52 pm By Omar Faridi  |  

We recently caught up with Travis Schwab, Founder and CEO of Eventus – a global provider of multi-asset class trade surveillance, algo monitoring, and risk control solutions. According to the firm, Travis has a deep background in capital markets and over 25 years of experience… Read More

August 28, 2023 @ 8:37 am By Omar Faridi  |  

P2P digital currency exchanges have reportedly assisted crypto traders with circumventing globally-enforced sanctions against Russia’s banking institutions. Crypto exchange Binance‘s recent activities might worsen its regulatory challenges in the US. The recent crackdown attempts to place a ban on transactions completed with payment cards that… Read More

August 23, 2023 @ 7:59 am By Omar Faridi  |  

Altum Group, a provider of fund, corporate, and family office solutions, is pleased to announce a strategic partnership with RiskScreen, which claims to be an industry leader in advanced compliance solutions. The partnership marks a pivotal moment in Altum’s journey towards “being a future-fit business,… Read More

August 20, 2023 @ 10:11 pm By Omar Faridi  |  

The UK’s Financial Conduct Authority (FCA) is setting out their expectations for crypto-asset businesses that need “to comply with a change in money laundering legislation legislated by government in July 2022.” From 1 September 2023, crypto-asset businesses in the UK will be “required to collect,… Read More

August 12, 2023 @ 11:34 am By Omar Faridi  |  

Klarpay AG is pleased to announce the appointment of Markus Emödi as the Chief Legal & Compliance Officer and Deputy CEO. With a track record of over 20 years in the financial industry, Markus reporttedly “brings a wealth of experience and expertise to Klarpay.” Markus… Read More

August 10, 2023 @ 12:25 pm By Omar Faridi  |  

Tookitaki, a trusted leader in the anti-money laundering space, announced the launch of its Compliance-as-a–Service (CaaS) solution for small and mid-size financial institutions globally. This innovative SaaS offering, optimized “for cost and efficiency, gives financial institutions (FIs) access to Tookitaki’s flagship compliance solution – the… Read More

August 8, 2023 @ 4:06 pm By Omar Faridi  |  

This announcement marks a significant milestone in the digital landscape as NexeraID in collaboration with PolygonID unveil their Web3 Compliance initiative. This project sets a standard for privacy protection while “ensuring strict adherence to regulatory requirements in the ever-evolving realm of Web3 compliance.” With the… Read More

August 8, 2023 @ 8:32 am By Omar Faridi  |  

Uppsala Security, a provider of security tools and services for Crypto AML/CTF, Transaction Risk Management, Regulatory Compliance, Transaction Tracking, and Cyber Security announced a significant collaboration with CryptoTax, a virtual asset tax service platform headquartered in South Korea. This strategic partnership is geared “towards fostering… Read More

August 6, 2023 @ 6:03 pm By Omar Faridi  |  

Binance says it is pleased to announce the appointment of our former Global Head of Corporate Compliance Kristen Hecht as their new Deputy Chief Compliance Officer (CCO) and Global Money Laundering Reporting Officer (GMLRO) at Binance. As noted in a blog post, Kristen reportedly “brings… Read More

August 1, 2023 @ 10:48 pm By Tony Zerucha  |  

Employee social media communications leave financial institutions at risk, even as U.S. regulators threaten fines, results of a study from compliance services provider Shield and business communications firm LeapXpert show. Only 51% of institutions monitor employee communications over WhatsApp. Even fewer watch SMS, iMessage, LINE,… Read More