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Japan Greenlights Tougher Anti-Money-Laundering Rules for Crypto
CoinDesk 10/17/2022
A cabinet decision to revise six foreign-exchange laws closely follows a government plan to introduce new rules for remittances, all aimed at tightening AML measures for crypto…
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US Comptroller Says Bank-FinTech Partnerships Must Monitor Risk
Pymnts 10/13/2022
After his earlier remarks about partnerships between banks and FinTechs led members of the financial services industry and House Republicans to worry that he would discourage innovation, Acting Comptroller of the Currency…
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Six Takeaways From FINRA’s Revised Sanction Guidelines
Mondaq 10/17/2022
The Financial Industry Regulatory Authority (FINRA) Sanction Guidelines have been significantly revised, now giving FINRA discretion to impose considerably higher fines on mid- and large-size firms. The revisions, published…
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ESG Reporting: Asset Managers Express Divergent View
Harvard 10/17/2022
The newly formed International Sustainability Standards Board issued two draft climate and sustainability reporting standards, which closed for public comment at the end of July. The ISSB aims to set a “global baseline,” internationally…
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New European Fintech Regulations Affecting ICT Providers
Jdsupra 10/17/2022
Both the EU and the UK are taking steps to enhance the rules in the financial services sector to add a new layer of direct regulation for key technology providers to banks and other regulated…
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