Tagged: compliance

February 17, 2022 @ 2:32 am By Tony Zerucha  |  

Regulatory technology company Clausematch has released an e-book that details its top 10 compliance technology trends for 2022. They are briefly summarized here. 1. Expect more regulatory clarity on cryptocurrencies Given the increased use of cryptocurrencies in money laundering activity, regulators will continue their progress… Read More

February 15, 2022 @ 12:17 pm By Omar Faridi  |  

CoinDCX, India’s first crypto unicorn which claims to be the country’s “safest” crypto exchange, announced that it has chosen crypto-native risk monitoring company Solidus Labs as a strategic compliance partner. With the goal to protect its clients from known forms of market abuse and a… Read More

February 14, 2022 @ 2:26 pm By Omar Faridi  |  

SteelEye, the compliance tech and data analytics firm, reinforced its commitment to ensuring institutional-grade data security by “achieving System and Organization Controls (SOC) 2 compliance.” The external accreditation confirms SteelEye’s ongoing commitment to data security – a move the Regtech firm thinks will solidify its… Read More

February 12, 2022 @ 2:54 pm By Omar Faridi  |  

Sardine, the fraud and compliance platform for Fintech firms, completed a $19.5 million in Series A round from Andreessen Horowitz, NYCA, and Experian Ventures “to enable companies to protect customers from financial fraud.” As mentioned in the update, Andreessen Horowitz General Partner Angela Strange joins… Read More

February 10, 2022 @ 2:54 pm By Omar Faridi  |  

Zebra Technologies Corporation (NASDAQ: ZBRA), an innovator at the front line of business with solutions and partners that aim to offer a performance edge, has announced a new portfolio of “highly accurate” Integrated RFID portals. Zebra’s integrated UHF RFID portals are suitable for asset and… Read More

February 10, 2022 @ 8:22 am By Omar Faridi  |  

The US Securities and Exchange Commission (SEC) is watching. It likely will not be long before the first enforcement action against a Non-Fungible Token (NFT) issuer is announced. The 80+ enforcement actions the regulators have taken to date on cryptocurrency, digital assets, and Initial Coin… Read More

February 2, 2022 @ 3:19 pm By Omar Faridi  |  

The team at ComplyAdvantage has released their new report, titled The State of Financial Crime 2022. ComplyAdvantage’s outlook for 2022: From supply chains in crisis to “high-wire” geopolitical standoffs and the implementation of updated regulatory frameworks, it’s going to be “a landmark year for compliance… Read More

January 28, 2022 @ 1:01 pm By Omar Faridi  |  

In 2017, the team at CoinTracker began “tinkering” with cryptocurrency. CoinTracker writes in a blog post that they set up accounts on several different exchanges and started using a bunch of digital wallets. The company points out that while exchanges and virtual wallets have made… Read More

January 25, 2022 @ 10:38 pm By Omar Faridi  |  

The team at HYPR reveals that they’re pleased to confirm that they’ve successfully completed SOC 2 Type 2 and ISO 27001 compliance and audit initiatives “along with obtaining ISO 27017 and ISO 27018 compliance certifications.” As noted by its management, HYPR allows customers to finally… Read More

January 23, 2022 @ 3:48 pm By Omar Faridi  |  

As cryptocurrency grows in popularity and adoption, ensuring businesses and platforms maintain a robust compliance infrastructure is becoming really important to the nascent industry. With Wyre’s compliance infrastructure, the team is pleased to confirm the addition of three new hires to “continue to boost our… Read More

January 20, 2022 @ 11:36 am By Omar Faridi  |  

Mitch Trehan, UK Head of Compliance and MLRO at Banking Circle, has reportedly joined The Payments Association’s Advisory Board alongside other industry professionals from across the payments sector. Meeting as a team of 19 for the first time in January 2022, the Board intends to… Read More

January 18, 2022 @ 10:55 pm By Omar Faridi  |  

The team at Razorpay asks whether you’re aware of what’s one of the things that’s quite common among all Indian startup founders and business owners. According to Razorpay, they tend to struggle when managing tax and compliance payments. And, if you’ve just started your business,… Read More

January 12, 2022 @ 3:40 am By Omar Faridi  |  

The team at ComplyAdvantage, an AI-enhanced financial crime detection firm, notes that from regime change in Myanmar and Afghanistan to a “spotlight on environmental crime at COP26 and the explosive Pandora Papers leak, 2021 has been another landmark year for compliance professionals.” ComplyAdvantage writes in… Read More

January 11, 2022 @ 10:47 pm By Omar Faridi  |  

Trulioo, the international identity verification firm, notes that ID verification has three primary use cases: “achieving compliance requirements, reducing fraud and building trust and safety.” Trulioo explains in a blog post that depending on your business and where you operate, you might “prioritize a particular… Read More

December 31, 2021 @ 8:54 am By Omar Faridi  |  

The Financial Action Task Force (FATF) has reported that there are just 58 out of 128 reporting jurisdictions advising that they have implemented any of the updated FATF standards, including the “travel rule.” This reportedly aligns with what CipherTrace has found through their extensive work… Read More

December 28, 2021 @ 5:00 pm By Tony Zerucha  |  

More than half a billion dollars worth of cryptoassets were stolen from exchanges in the first half of December, compliance firm Elliptic said in a recent blog post. On Dec. 11 and 12, close to $83 million was stolen from AscendEX, a cryptoasset exchange that… Read More

December 22, 2021 @ 4:11 pm By Omar Faridi  |  

PCI Pal (LON: PCIP), the international provider of secure payment solutions, is working with Talkdesk, the global customer experience solution provider for “customer-obsessed” firms, in order to offer clients with innovative customer service and security capabilities. The firms’ growing customer list reportedly includes Air Business,… Read More

December 17, 2021 @ 1:59 pm By Omar Faridi  |  

The Financial Crimes Enforcement Network (FinCEN), a bureau of the US Department of the Treasury that collects and analyzes information about financial transactions to combat money laundering, terrorist financing, and other financial crimes, is issuing a request for information (RFI) “seeking comments on ways to… Read More

December 10, 2021 @ 7:49 am By Omar Faridi  |  

Fintech Plaid has been established on the principle that consumers need to be in control over where and how they share their financial details. Core or central to this principle is the customer’s ability to share their data in a secure manner and with the… Read More

December 7, 2021 @ 5:08 pm By Tony Zerucha  |  

Hummingbird Regtech, a provider of risk and compliance technology, this week announced the company has raised $30 million in Series B funding. The raise brings the total venture backed funding total to $41.8 million, and follows Hummingbird’s $8.2 million Series A in 2020. This new… Read More