This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This is just one example of how we are working to make Armenian citizens lives easier by digitising government services. Our vision is that open and quality data is a national wealth and we consider it a national duty to deliver streamlined, personalised and proactive digital government services by default.
Washington State Governor Jay Inslee signed a bill on Tuesday (March 31) establishing specific rules – backed by Microsoft – governing facial recognition software, according to a blog by Bill Smith, president of Microsoft. In our view, this required a legal floor of responsibility, governed by the rule of law,” Smith said.
States began passing laws friendly to the industry in 2023 and have continued to pursue them this year, even after the federal government weighed in with a stricter standard.
“Illinois has made a hasty decision that, if implemented, would have government change our payments system that functions so well that we barely notice it,” writes a trade group CEO.
UK businesses will need to meet new standards following the Financial Reporting Council (FRC)’ s “small but important” revisions to the UK Corporate Governance Code. The post Enhanced Transparency: FRC’s Overhaul of UK Corporate Governance Code appeared first on The Fintech Times.
is calling for new laws to force domain registrars to do more to prevent scam banking ‘copycat’ websites appearing in the first place; after it revealed that over 2,000 of these suspected sites were reported in 2023. The UK government is currently consulting on new powers to seize domains used for criminal purposes.
As pillars of the public, government organizations contribute to the stability and functionality of society, ensuring citizens receive necessary support, protection, and opportunities for growth. Digital payments are now an integral piece of the government financial landscape. Here are some key insights.
For data processed for any function under any law or judgment issued under law. Clause 6(1) empowers the Central Government to limit personal data transfer by Data Fiduciaries to specific foreign countries or territories. Clause 6(2) ensures that this provision doesn’t override stricter Indian lawsgoverning data transfer.
18) that the government says would make convertible digital currencies like bitcoin less attractive to criminals engaging in crimes such as ransomware attacks. The rationale for the new regulations, as the government laid out in the Federal Register, is that "U.S. Treasury Department proposed sweeping new rules late Friday (Dec.
Australia will introduce new legislation to amend the Credit Act, requiring Buy Now, Pay Later (BNPL) providers to hold an Australian credit license and comply with existing credit laws regulated by the Australian Securities and Investments Commission (ASIC). The new laws aim to balance consumer protection with innovation and competition.
In timely detection, the committee emphasizes better information sharing between government agencies and private sector gatekeepers. A key initiative to strengthen detection efforts is the development of NAVIGATE, a new whole-of-government (WOG) data-sharing platform.
China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. Regulators and law enforcement will try their best to recoup the money, he told China Central Television Friday (Aug. 14), per the report.
A shocking new report reveals an underworld of corruption in the world’s banks and how governments allow it to thrive, BuzzFeed News reported. government appears unable to stop it. Of those, at least four went on to break the law again and get fined. FinCEN, a division of the U.S. told the news outlet. told the news outlet.
federal law passed in 2002 to protect investors from fraudulent financial activities. SOX establishes regulations around financial reporting, mandates internal control audits, and strengthens corporate governance. The Sarbanes-Oxley Act (SOX) is a U.S. It applies to all U.S. It applies to all U.S. SOX, a U.S.
The government has unveiled new measures to support small businesses and the self-employed by tackling the scourge of late payments, which is costing small businesses £22,000 a year on average and leads to 50,000 business closures a year. We know there’s a lot more to be done, but today we are calling time on late payers once and for all.
The decision by Google comes on the heels of a crackdown by the Indian government’s Financial Intelligence Unit (FIU) which had recently issued show cause notices to nine crypto firms. Following the footsteps of Apple Inc. Among the affected crypto firms are Binance, OKX, Kraken, Huobi, Gate.io, Bittrex, and Bitfinex.
The suggestion was made by Lou Jiwei, the country's former finance minister and now an advisor to the government, Reuters reported. Jiwei's remarks come against a backdrop of the government's cancellation this fall of what was expected to be a record-setting initial public offering (IPO) by Jack Ma's Ant Group.
Recognising the potential of digital technology to drive economic development, the government has been proactive in promoting digitalisation. A significant milestone occurred in January last year when the Parliament passed the Investment Banking Law, paving the way for the establishment and operation of investment banks within the country.
Theme 1: Establishing Optimal Governance and Interoperability Frameworks Effective governance and interoperability frameworks will be crucial for managing the complexities of cross-border payments. To make multilateral payment platforms work well, there need to be clear rules and ways for different systems to work together.
This new law, approved by the president on August 11, 2023, dictates how organizations handle personal data. Be an individual responsible to the Board of Directors or similar governing body of the Significant Data Fiduciary. These measures ensure lawful, transparent processing of personal data while maintaining privacy.
OJK acknowledges the valuable input from these stakeholders and is refining the LPBBTI industry regulations as part of its mandate under Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK).
The government expressed concerns about the structure of the deal, particularly the potential S$1.85 Although the government raised no objections to Allianz’s suitability, it emphasized the need to protect the social objectives of cooperative insurers like Income. billion , following Income’s corporatisation in 2022.
. $66,800 was swindled from a government entity in New Zealand following a cyberattack at one of its vendors , according to the New Zealand Herald. Reports said the government paid 100,600 New Zealand dollars ($66,800) into that account. Irish law enforcement reportedly arrested two men in connection to the case.
The UK’s company law landscape underwent significant changes with the enactment of the Economic Crime and Corporate Transparency Act, effective from 4th March 2024. The post Changes to UK company law appeared first on Neopay. Here is a summary of what you need to know about the new measures.
And the best solution may be rooted in technology, not law enforcement. Since July, Visa has noticed an uptick in unemployment insurance fraud with prepaid cards being used as a key disbursement vehicle.
Half a decade ago, Mexico demonstrated its ongoing commitment to updating its financial regulation with the introduction of the Fintech Law. Nevertheless, it is essential to review and complement the existing legislation with complementary laws to fully unleash the potential of this ecosystem.
In May 2019, the government took over Baoshang Bank in the first seizure of its kind in almost 20 years. The People’s Bank of China (PBOC) set the terms for commercial banks to seek bankruptcy, while outlining actions for lenders to follow as they aim to leave the market or reorganize through its first changes to the law as of 2015.
Khoo, with an extensive background in public service, law enforcement, and national security, joins the company to enhance its efforts in combating fraud and financial crime within digital asset spaces. Blockchain intelligence company TRM Labs announced that it has named Boon Hui Khoo as its senior advisor. Esteban Castaño “Mr.
The company has built strong partnerships with governments globally, ensuring that it operates securely and in full compliance with local laws. The post dLocal Announces Expansion of Offering to UK Merchants With New Authorised Payment Institution License and Partnership With ICC appeared first on FF News | Fintech Finance.
As the crypto market continues to innovate and grow, governments and regulators around the world are struggling to keep pace. The constantly shifting policy and regulatory landscape is also challenging for crypto businesses to navigate—particularly for firms seeking to operate in the UK where cryptoasset rules remain in flux.
Congress would make stablecoins illegal unless they're approved by the government, according to a report by Cointelegraph. Rohan Grey , an assistant professor at Willamette Law, tweeted that the bill is ultimately aimed at private stable tokens from large tech companies. A new bill introduced in the U.S.
A 14-page report Facebook lawyers prepared in advance of a potential antitrust lawsuit from the government found such action would hurt users, be contrary to established law and cost billions of dollars, WSJ reported after seeing the document. The FTC didn’t immediately respond to a WSJ request for comment.
This report outlines mitigation measures for government agencies, financial institutions, and Designated Non-Financial Businesses and Professionals (DNFBPs) to address these risks. Singapore’s law enforcement and supervisory agencies will remain vigilant and implement appropriate measures to mitigate these risks.
As for why it's using the unusual procurement method, the agency wrote in today's release: "The federal government struggles at times with identifying ways to test, purchase and deploy innovative technology solutions. Even the U.S.
A group that says it represents 850,000 pharmacists in India wants the government to shut down Amazon’s new pharmaceutical delivery service in the country. The letter is addressed to Amazon CEO Jeff Bezos, India Prime Minister Narendra Modi and other government officials in the country.
The SEC also said in the filing that an international law firm told Ripple that it wasn’t likely that XRP could be considered a currency because it’s not backed by a central government and therefore not legal tender.
However, a small proportion of recent remittances faced freezes by Chinese law enforcement agencies, with unclear reasons behind these actions. While Singapore has no jurisdiction over the frozen beneficiary bank accounts, the government remains in close contact with the PRC government to facilitate the decision on account unfreezing.
Pending the Minister of Finance’s decision on the license revocation, Zipmex remains under the SEC’s oversight, obligated to comply with all applicable laws and regulations governing digital asset businesses. Zipmex clients seeking to recover their assets can reach out through the company’s official channels.
The transition comes at a critical time, with Thailand facing economic challenges and policy tensions between the government and the Bank of Thailand (BOT). By law, the panel must submit a shortlist of candidates at least 90 days before the current governors term ends.
The fight against fraud requires coordinated action across multiple government departments and business sectors. The next government must prioritise fraud by appointing a fraud minister who can drive the urgent actions needed across government and business to finally turn the tide. Additionally, Which?
Focusing on four main pillars—Regulation and Development, Supervision and Law Enforcement, Licensing, and Information and Innovation—the roadmap outlines strategic objectives to foster a robust, inclusive, and sustainable IAKD sector. Regular monitoring and evaluation will be conducted to track progress and make necessary adjustments.
The perception of Bitcoin as ‘digital gold’ is light years from Satoshi Nakamoto’s original vision of a highly scalable platform to handle peer-to-peer electronic cash while offering safe, secure, and immutable data storage for enterprises and governments. Teranode’s impact will be both dramatic and widespread.
Former NTUC Income CEO Tan Suee Chieh raised corporate governance issues and expressed concern over the potential erosion of NTUC Income’s social mission in light of its sale to Allianz in an open letter to the Monetary Authority of Singapore (MAS).
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content