Africa
RBM approves PCL Group Pension Fund to provide Programmed Withdrawal service
The Registrar of Financial Institutions, Reserve Bank of Malawi (RBM) Governor has approved Press Corporation Group Pension Fund to provide programmed withdrawal as ...
Nigeria
Nigeria: NITDA, FCCPC to sanction money lending fintechs for abuse of customers’ data privacy
The National Information Technology Development Agency (NITDA) has entered into a strategic partnership with the Federal Competition and Consumer Protection Commission (FCCPC) to ...
Regulatory
Tanzania: Vodacom Tanzania ordered to pay Revenue Authority Sh3 Billion
The Court of Appeal said Vodacom Tanzania must pay the Tanzania Revenue Authority (TRA) Sh3 billion withholding tax on purchase of a computer ...
Global
Polish Regulator Adds Dublin-Based AvaTrade to Warning List
The broker operates in Poland with its Irish license. The Polish Financial Supervision Authority, locally known as Komisja Nadzoru Finansowego (KNF), has recently added a ...
Nigeria
Nigeria: CBN Caps Loan at N5bn in New ‘100 for 100’ Policy
The Central Bank of Nigeria (CBN) has set a maximum threshold of N5 billion to be accessed by an obligor under its new ...
Global
FATF Updates List Of Jurisdictions With AML/CFT/CPF Deficiencies
FinCEN informed financial institutions of changes to the Financial Action Task Force’s (“FATF’s”) list of jurisdictions with AML deficiencies. The following changes were made to ...
Global
Kazakhstan Senate approves legislation regulating crypto service providers
The country’s legislature has passed a law that would impose financial monitoring on crypto platforms. According to new legislation passed by the upper ...
Kenya
Kenya: Central Bank suspends CRB listing of loans under Sh5 million
Borrowers defaulting on loans of less than Sh5 million will not be blacklisted at the credit reference bureaus (CRBs) while those already blacklisted ...
Global
Brazil’s central bank to trial CBDC
Banco Central do Brasil (BCB) has announced the possibility of trailing its digital Real on Lithosphere blockchain as the bank is in discussion with ...
Nigeria
Nigeria: CBN to blacklist Anchor Borrowers’ loan defaulters
The Central Bank of Nigeria has said farmers who fail to repay the loans collected under its Anchors Borrowers Programme will be barred ...