Regulatory
Global: Ireland Moves to Draft Urgent Crypto Regulations Ahead of EU AML Standards
Ireland is moving swiftly to draft new cryptocurrency regulations before the European Union enforces stricter Anti-Money Laundering (AML) and terror financing measures. Finance ...
Regulatory
Global: FCA to Launch AI Lab to Advance Safe AI Adoption in Financial Services
The Financial Conduct Authority (FCA) has announced the launch of an AI Lab, an initiative aimed at enhancing the understanding and implementation of ...
Kenya
Kenya Communications Authority Mandates Approval for ICT Equipment Dealers
The Communications Authority of Kenya (CA) has directed ICT equipment dealers to obtain type approval for their products, warning that failure to comply ...
Ethopia
Ethiopia’s Central Bank Implements New Policy on Foreign Exchange Spreads and Fees
Ethiopia’s central bank has introduced a new policy requiring banks to clearly separate and display the foreign exchange (FX) trading spread—the difference between ...
Nigeria
Nigeria: FCT-IRS Partners with NFIU to Strengthen Tax Compliance and Revenue Generation
The Federal Capital Territory Internal Revenue Service (FCT-IRS) has initiated a strategic partnership with the Nigerian Financial Intelligence Unit (NFIU) to boost tax ...
Regulatory
Global: Market Braces for a Weaker Pound as Bank of England Moves Forward with Rate Cuts
With UK inflation easing to 1.7% in September, the Bank of England (BoE) is anticipated to adopt a more measured approach to interest ...
Nigeria
Nigeria: CBN Urges Banks to Prioritize Cybersecurity Investments
The Central Bank of Nigeria (CBN) has called on banks to significantly enhance their cybersecurity investments to protect depositors’ savings from increasingly sophisticated ...
Regulatory
Uganda: MTN Uganda in $70.9 Million Tax Dispute with Ugandan Tax Authority
MTN Uganda is embroiled in a tax dispute with the Uganda Revenue Authority (URA) over an alleged Shs 260 billion ($70.9 million) in ...
Nigeria
Nigeria: NAICOM Set to Introduce Insurtech Operation Guidelines
The National Insurance Commission (NAICOM) has announced plans to release draft Insurtech Operation Guidelines, aimed at addressing evolving market dynamics and fostering innovation ...
Nigeria
Nigeria: Federal Government Introduces Instalment-Based Tax Payment Option
The Federal Government has proposed a new tax payment system that will allow individuals to pay their taxes in instalments. This initiative is ...