Regulatory
US Justice Department is probing fintechs over PPP loan calculations: Reuters
The US Department of Justice has been investigating whether financial technology companies may have erred while distributing billions of dollars in pandemic aid ...
Regulatory
If the SEC doesn’t regulate crypto assets, a new shadow finance industry could emerge
The Securities and Exchange Commission (SEC) is dragging its feet in deciding whether it should approve the listing of a Bitcoin exchange-traded fund ...
Regulatory
Swedbank fined with SEK 46.6 mln for weak AML controls
Sweden-based lender Swedbank has been fined SEK 46.6 million for weak anti-money laundering (AML) controls. The failings cover the period between December 2016 ...
Regulatory
SEC To Examine Retail Brokerage Apps, Payment For Order Flows
The federal Securities and Exchange Commission (SEC) is investigating how retail broker apps encourage stock trading and earn money when those trades are ...
Regulatory
NCC warns Telecom consumers against sharing cell phone, NIN, SIM
The Nigerian Communications Commission (NCC) has warned telecom consumers not to share their cell phones, National Identity Number (NIN), and Subscriber Identification Module ...
Regulatory
Bank of England governor issues crypto investment warning
Andrew Bailey, governor of the Bank of England, has warned crypto investors of the dangers of participating in the market. Speaking during a ...
Regulatory
Vietnam Plans to Regulate Digital Currencies After Commissioning a Crypto Research Group
Vietnam is treading waters into the cryptocurrency industry, as the government recently commissioned a research group for the purpose. The Vietnamese Ministry of ...
Regulatory
FCA fines London boutique investment bank for failing to spot financial crime relating to cum-ex trading
The City regulator has fined Sapien Capital £178,000 after it failed to carry out proper due diligence on a client likely participating in ...
Regulatory
RBZ Hails Banks for Maintaining High Capitalisation Threshold
RESERVE Bank of Zimbabwe (RBZ) has hailed local banks for maintaining high capitalisation thresholds, sound asset quality, and non-performing loans. Speaking during the ...
Regulatory
Central Bank of the UAE works with SWIFT to improve cross-border payments
The Central Bank of the UAE (CBUAE) has been working with SWIFT on an initiative to improve the speed and transparency of cross-border ...
