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Regulation

Cyprus Watchdog Cracks Down on Sloppy AML Reporting, Warns of Sanctions

CySEC identified weaknesses in reports from regulated entities, including CIFs and crypto providers.
Areas for improvement include analysis of inspection methods and information on high-risk clients.

Wednesday, 07/08/2024 | 08:29 GMT by Damian Chmiel

Retail FX

Muinmos, FX Back Office Partner to Upgrade Forex Brokerage Tech

The collaboration aims to enhance client onboarding and CRM capabilities for brokers globally.
An integrated platform enhances client management efficiency and regulatory compliance.

Thursday, 14/03/2024 | 09:30 GMT by Damian Chmiel

CryptoCurrency

Seoul Cracks Down on Crypto Industry: To Close Non-compliant Exchanges

This step is aimed at protecting crypto users in South Korea.
South Korea plans to boost anti-money laundering measures in the crypto space.

Tuesday, 13/02/2024 | 13:14 GMT by Jared Kirui

Retail FX

Online Broker Fails to Catch Pump and Dump Schemes, FINRA Finds

It concerns anti-money laundering violations over a period of 6 years.

Monday, 12/02/2024 | 08:42 GMT by Damian Chmiel

Retail FX

CySEC Fines Fintailor Investments €200,000 in AML Compliance Probe

The regulator highlighted potential breaches in anti-money laundering laws.
The investigation covered the period between 2016 and 2019.

Thursday, 08/02/2024 | 14:41 GMT by Jared Kirui

FinTech

Are KYC and AML Protocols Enough to Curb Fraud?

A look into the financial services industry's fight against fraud.

Thursday, 02/11/2023 | 10:40 GMT by Pedro Ferreira

Institutional FX

The SEC's $25 Million Fine Shakes Deutsche Bank Subsidiary DWS

DWS Investment Management Americas faces a hefty penalty for compliance failure.
The SEC charged the firm for lacking an AML program and making misleading ESG claims.

Monday, 25/09/2023 | 15:16 GMT by Damian Chmiel

Op-ed

Retail FX

Op-ed

FX and CFDs Brokerage Licences: To Buy or Apply?

Costs for licenses differ significantly depending on location.
Regulatory appetite for new market entrants is a key consideration.

Thursday, 14/09/2023 | 13:30 GMT by Paul Golden

FinTech

Fintech and AI in Fraud Detection

A perfect match?

Thursday, 07/09/2023 | 11:30 GMT by Pedro Ferreira

Regulation

The Impact of Blockchain on Regtech: Revolutionizing Regulatory Compliance

A look into Blockchain-based Regtech solutions and their potential applications.

Wednesday, 12/07/2023 | 15:14 GMT by FM Contributors

Regulation

Regtech Solutions for AML and KYC: Streamlining Compliance Efforts

Compliance reinvented.

Thursday, 29/06/2023 | 23:00 GMT by Jeff Patterson

Data

Can AI Help Improve Fraud Detection?

And can it be used to commit fraud?

Wednesday, 28/06/2023 | 13:24 GMT by FM Contributors

Op-ed

FinTech

Op-ed

With New Rules in Place, Vanuatu Wants to Become the Next Cyprus

A core group of 60 brokers remain after licensing rules were strengthened.
Industry insiders cite Cyprus as an inspiration for Vanuatu’s future.

Thursday, 22/06/2023 | 13:00 GMT by Nicolas Ritoux

Op-ed

CryptoCurrency

Op-ed

House of Cards: Money Laundering in Crypto and Real Estate in the UAE

Payment agents and real estate brokers are cashing in on the unreported crypto funds of investors.
This trend reaches its melting point and the government will have to implement a risk-based approach to real estate.

Friday, 12/05/2023 | 08:54 GMT by Ella Rosenberg

Education Center

Biometric Authentication: Revolutionizing Secure Payments

The pros and cons of Biometric Authentication.

Thursday, 11/05/2023 | 15:10 GMT by FM Contributors

Op-ed

FinTech

Op-ed

BBC Scam Alert: Regulators Should Start Outsourcing

The Milton network has allegedly robbed elderly people via boiler rooms, cryptos and FIAT.
Using AI can prevent the recurrence of such incidents, but regulators are hesitant to involve private companies' technology.

Wednesday, 26/04/2023 | 08:31 GMT by Ella Rosenberg

Data

Identity Verification: Balancing Security and User Experience

The delicate balance of onboarding processes.

Tuesday, 18/04/2023 | 19:46 GMT by FM Contributors

Exchanges

The KYC and AML Challenges of Cryptocurrency Exchanges: Solutions and Best Practices

Modern problems require modern solutions.

Friday, 31/03/2023 | 11:44 GMT by FM Contributors

Op-ed

Retail FX

Op-ed

KYC: AI and Automation Have Become Brokers' Saviors

Identity verification and AML checks are now highly sophisticated.
Ukraine conflict highlights the importance of sanctions screening.

Friday, 24/03/2023 | 11:53 GMT by Paul Golden

Retail FX

FCA to Collect Up to £250k Economic Crime Levy, including Crypto Firms

The amount of the fee will depend on the company's revenue.
The smallest entities under the £10.2 million UK revenue are excluded.

Thursday, 09/03/2023 | 10:47 GMT by Damian Chmiel

CryptoCurrency

What Does the Future Hold for Crypto KYC?

There are different stages in a crypto KYC onboarding process.

Thursday, 26/01/2023 | 09:26 GMT by Pedro Ferreira

Payments

Is the Online Gaming Industry an AML Nightmare?

What can AML practices do to curb illicit transfers in the online gaming industry?

Wednesday, 25/01/2023 | 09:59 GMT by Pedro Ferreira

FinTech

8 AML Guidelines Every Compliance Team Should Be Using

There are some AML rules which should be universal to nearly every compliance team.

Monday, 23/01/2023 | 09:28 GMT by Pedro Ferreira

CryptoCurrency

Should NFT Marketplaces Become Centralized?

NFT marketplaces can earn user trust and attract investors.

Wednesday, 18/01/2023 | 10:48 GMT by Pedro Ferreira

CryptoCurrency

Can NFT Marketplaces Be AML Compliant?

4 good reasons why AML compliance would benefit NFT companies.

Monday, 16/01/2023 | 15:57 GMT by Pedro Ferreira

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