Regulatory
Global: EU Banks Face Operational Resilience Challenges, Warns Basel Committee
Banks across the European Union (EU) are falling short in meeting the guiding Principles on operational resilience and risk established by the Basel ...
Regulatory
Global: Australian Banks Introduce Measures to Combat Scams
The Australian banking industry is implementing a series of measures to enhance customer protection against scams, with a focus on a $100 million ...
Regulatory
Global: US SEC Files Charges Against Kraken Crypto Exchange
The US Securities and Exchange Commission (SEC) has initiated a federal lawsuit against Kraken, the world’s third-largest cryptocurrency exchange, alleging its operation without ...
Nigeria
Nigeria: CBN Urges Banks to Recapitalize for $1 Trillion Economy Goal
The Central Bank of Nigeria (CBN) has issued a directive instructing banks to strengthen their capital base in alignment with the envisioned one ...
Regulatory
Global: Klarna Granted Approval for Credit and Payments Products in the UK
Klarna has received approval from the Financial Conduct Authority (FCA) to offer credit and payments products in the UK, securing this authorization before ...
Nigeria
Nigeria’s Presence on Money Laundering List Hampers Foreign Investment, Say Stakeholders
Stakeholders have expressed concerns over the impact of Nigeria’s continued presence on the global money laundering list, compiled by the Financial Action Task ...
Regulatory
Global: UK Companies Lag in Sanctions Screening Amid Global Tensions
A survey conducted by UK-based regtech SmartSearch reveals that UK companies are falling behind in screening potential clients for sanctions compliance, despite heightened ...
Regulatory
Global: Klasha Secures MSB License, Expanding Cross-Border Payment Services to the United States
Klasha, a prominent global cross-border payments company, is excited to announce the acquisition of a Money Services Business (MSB) license from the Financial ...
Nigeria
Nigeria: FIRS Issues Deadline for Tax Compliance by International Shipping Companies
International shipping companies operating in Nigeria have been directed by the Federal Inland Revenue Service (FIRS) to align their financial records with Nigerian ...
Nigeria
Nigeria: Supreme Court Sets Hearing Date for Lagos and Ekiti Lottery Regulation Suit Against Federal Government and 34 States
The Supreme Court has scheduled March 13, 2024, as the hearing date for a lawsuit initiated in 2008 by the Attorney General of ...
