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Comment and Analysis

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Technology

Six ways to stay ahead with RegTech

It’s a new year and most financial regulators are preparing or publicising their priorities and areas of interest for 2019 and beyond. As in previous years, cyber-security and technology remain top priorities ...

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Anti-Money Laundering

IoM proposes new AML rules for July

The Isle of Man Financial Services Authority is updating its anti-money-laundering rules to please MONEYVAL, the FATF-style regional body whose inspectors assessed its controls in April and May 2016. The jurisdi...

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People Moves

Some further observations about the SM&CR

As a follow-on from the previous article, the experts at ACA Compliance Europe survey the implications of the Senior Managers and Certification Regime – soon to apply to wealth management firms outside the ban...

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Anti-Corruption

The DoJ's amendment of the Yates Memorandum

One of the major recent changes in US prosecutors' policy towards wrongdoing at banks and other corporations, especially as regards the Foreign Corrupt Practices Act 1977 and the Libor saga, has been a partial r...

Latest News

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Regulation of Products

NYDFS grants bitlicence to Robinhood and LibertyX

The New York State Department of Financial Services has approved the applications of Robinhood Crypto, a subsidiary of Robinhood Markets, and Moon Inc, trading as LibertyX, for virtual currency licences. It has ...

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Fines and Punishment

Rabobank pays fine for disorderly AML files

The Dutch National Bank has fined Rabobank slightly more than €1 million for keeping inaccurate anti-money-laundering files over an undisclosed period of years that ended in 2016. ...

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Anti-Money Laundering

EU targets non-EU countries on AML list

The European Union has promulgated a fresh list of 23 non-EU countries that it accuses of being strategically deficient in the fight against money laundering and terrorist finance. ...

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Technology

SAMA opens new sandbox

The Saudi Arabian Monetary Authority, the kingdom's banking regulator, has begun designing a 'sandbox' (a light regulatory environment) to help it understand and assess the effect of new software in the financia...