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 ...
Regulatory
Global: Germany, France, and Italy Set Framework for Future AI Regulation
Germany, France, and Italy have reached a significant agreement on the future regulation of artificial intelligence (AI), as revealed in a joint paper. ...
Nigeria
Nigeria’s Banks Deposit N2.41 Trillion with CBN Amid Regulatory Compliance Rush
In a strategic move to comply with regulatory requirements set by the Central Bank of Nigeria (CBN), the country’s Deposit Money Banks (DMBs) ...
Global
Global: OpenAI Investors Advocate for Sam Altman’s Return as CEO Amidst Controversy
OpenAI’s board of directors is facing criticism from investors who are pushing for the reinstatement of Sam Altman as CEO, according to a ...
Regulatory
Rwanda’s Central Bank Grants License to NALA, Boosting Regional Fintech Landscape
The National Bank of Rwanda has officially licensed NALA, an East African fintech company, to revolutionize international payments, making them more affordable and ...
Ghana
Ghana’s Central Bank Signals Potential Fines for Lemfi, Wise, and Others Over Remittance Services
Ghana’s Central Bank has taken action against eight money transfer organizations (MTOs), including LemFi, Wise, Transfer Go, PayPal’s Xoom, SendValu, Boss Revolution, Aza ...
Nigeria
Nigeria: SEC Aims to Drive Infrastructure Financing through Capital Market in 2024
The Securities and Exchange Commission’s Director-General, Lamido Yuguda, announced a strategic focus on infrastructure financing via the capital market in the upcoming year. ...
