The Fintech Times

FEBRUARY 12, 2024

The Financial Services Regulatory Authority (FSRA) of ADGM has imposed penalties on six financial institutions for contraventions of the Common Reporting Standard Regulations 2017 (‘the Regulations’). These fines totalled AED 170,000.

Distributed Ledger Technology (DLT) 59

Distributed Ledger Technology (DLT) Due Diligence Innovation Procedures 59

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 107

Money Laundering Law Enforcement AML Non-Bank 107

The Payments Association

OCTOBER 11, 2024

The Financial Conduct Authority’s (FCA) proposed reforms to strengthen consumer fund safeguarding in the payments and e-money sectors. Firms must prepare for these changes by improving their internal processes, conducting audits, and adapting to new compliance requirements to ensure seamless implementation of the FCA’s reforms.

Due Diligence 88

Due Diligence Audit Reconciliation Compliance 88

Neopay

APRIL 8, 2024

Under the forthcoming legislation, PSPs will have the authority to delay outbound payments for up to four business days if there are reasonable grounds to suspect fraud or dishonesty. This extends the current requirement, which mandates crediting the transaction amount to the payee’s account by the end of the next business day.

Service Provider 52

Service Provider Due Diligence Fraud Prevention Payments 52

The Fintech Times

JULY 31, 2024

Julie Cunningham, founder and CEO of Portend As Julie Cunningham , founder and CEO of due diligence platform Portend , explains: “Fintech impact platforms often grapple with complex regulatory landscapes. This requires technological investments and ongoing staff training to stay updated with regulatory changes.

Compliance 64

Compliance AML Regulations Due Diligence 64

Finovate

SEPTEMBER 18, 2024

Banks have long been subject to strict regulations and reporting requirements. But should banks that have conducted the proper due diligence be held responsible for the actions (or inaction) of their third party partners? It is time for fintechs to step up and share the responsibility.

Rules 52

Rules FDIC Non-Bank Money Laundering 52

FloQast

APRIL 12, 2024

You can create a Form ID on the EDGAR website and submit it for authorization to the SEC. Filing the S-1 Form Once completed, you can file Form S-1 with the SEC using its Electronic Data Gathering, Analysis, and Retrieval system, also known as the EDGAR filing system. You first need to apply for access to the EDGAR system.

Underwriting 52

Underwriting Indemnification Due Diligence Legal 52