Tagged: compliance

January 5, 2026 @ 6:12 am By Omar Faridi  |  

PwC is significantly expanding its involvement in the cryptocurrency sector following years of measured caution. This strategic pivot comes as the U.S. regulatory landscape becomes more supportive of digital assets, particularly with the enactment of new legislation governing stablecoins. Paul Griggs, PwC’s U.S. senior partner… Read More

December 31, 2025 @ 12:21 pm By Omar Faridi  |  

Elliptic has partnered with Obsidiam, a Costa Rica based stablecoin services provider, and its Swiss sister company, Volcanic Glass, to enhance compliance and transparency in cross-border payments. The partnership will now aim to support Obsidiam’s mission to help build Latin America’s on-chain economy by providing “regulated,… Read More

December 20, 2025 @ 10:54 am By Omar Faridi  |  

LSEG and Citi announced a multi‑year strategic partnership to deploy LSEG’s data, analytics and workflow solutions at enterprise scale. The partnership strengthens Citi’s data foundations, supports its broader modernisation efforts and enhances the quality and speed of client delivery. Under the multi-year agreement, LSEG’s data… Read More

December 17, 2025 @ 8:17 am By Tony Zerucha  |  

A new report from Tipalti on AI in finance finds that trust and transparency are two key concerns as more companies adopt the emerging technology. The State of AI in Finance: Exploring the AI Trust Gap surveyed 500 companies from Canada, the United Kingdom, and… Read More

December 16, 2025 @ 4:17 pm By Tony Zerucha  |  

Ncontracts’ The Future of Compliance describes compliance’s transition from more of a mundane obligation into a strategic priority. However, that change, still ongoing, has been far from smooth. Compliance has become a strategic function, with 82% of respondents saying they are satisfied with board and… Read More

December 15, 2025 @ 12:03 pm By Omar Faridi  |  

Germany’s regulatory authority BaFin has reportedly imposed stricter oversight on digital bank N26, which now includes certain limits on new business based in the Netherlands along with the appointment of a special monitor. As widely reported, this is not the first time that N26 has… Read More

December 9, 2025 @ 10:57 pm By Omar Faridi  |  

2025 was an important year in anti-money laundering and financial crime regulation, and 2026 is set to bring even more challenges and complexity for financial institutions. This, according to Fenergo’s insights which were obtained from professionals that had discussed various upcoming regulatory trends and had… Read More

December 9, 2025 @ 9:54 pm By Omar Faridi  |  

Elliptic is unveiling its next-generation Data and Intelligence Platform, purpose-built to meet the rapidly growing digital asset industry. Elliptic’s intelligence data indicates that crypto transaction and transfer volumes have grown “4.6x over the past two year, with projections of another 10x growth in the near… Read More

December 4, 2025 @ 9:18 pm By Omar Faridi  |  

The Basel Committee recently released its assessment reports that are focused on the implementation of its global standards in the United Kingdom. According to an update shared by BIS, assessments find the UK regulations largely compliant with the Basel Committee’s Net Stable Funding Ratio standard… Read More

November 30, 2025 @ 11:43 pm By Omar Faridi  |  

KuCoin, a global crypto platform, announced that its European entity, KuCoin EU Exchange GmbH, has reportedly obtained a Markets in Crypto-Assets (MiCA) license in Austria. This authorization allows KuCoin EU to offer “compliant” digital asset services across 29 countries in the European Economic Area (EEA,… Read More

November 27, 2025 @ 1:44 pm By Omar Faridi  |  

Sumsub released its latest Identity Fraud Report, analyzing verification checks and fraud attempts between 2024–2025. The study blends global and regional dynamics from internal data with findings from Sumsub’s Fraud Exposure Survey 2025, featuring responses from “300+ risk professionals and 1,200+ end users.” In 2024,… Read More

November 16, 2025 @ 9:49 pm By Omar Faridi  |  

Equifax (NYSE: EFX) is assisting regulated businesses with the introduction of new AML Compliance Solutions designed to lessen the burden of AML (anti-money laundering) regulatory compliance for FS firms and related industries by flagging potential associations between “a prospect and activities that may indicate potential… Read More

November 7, 2025 @ 11:02 am By Omar Faridi  |  

SHELT announced a partnership with Regtech firm Sumsub, a global verification and fraud prevention platform. This latest collab brings together expertise and digital technology in order to safeguard the future of digital trust. By combining SHELT’s fraud prevention infrastructure with Sumsub’s single‑platform approach to identity… Read More

November 7, 2025 @ 8:55 am By Omar Faridi  |  

The Central Bank of Ireland fined Coinbase Europe Limited , part of Coinbase Global (NASDAQ:COIN), €21,464,734 for allegedly breaching its anti-money laundering and counter terrorist financing transaction monitoring obligations between 2021 and 2025. Specifically, the Central Bank said it has fined Coinbase Europe for violating applicable… Read More

October 28, 2025 @ 12:53 am By Tony Zerucha  |  

CipherOwl, founded by the team that built Coinbase’s on-chain data and compliance platform, this week announced $15 million in seed financing co-led by General Catalyst and Flourish Ventures, with participation from Coinbase Ventures, Sancus Ventures, Enlight Capital, OKX Ventures, AME Cloud Ventures, Road Capital and Predictive VC. The company is emerging from stealth with an AI-native… Read More

October 24, 2025 @ 1:00 pm By Omar Faridi  |  

Payments Canada announced recently that it implemented amendments to By-laws No. 1 and 3. These amendments now aim to reflect key changes to the Canadian Payments Act (CP Act) as well as the introduction of the Retail Payment Activities Act (RPAA). The stated objective of… Read More

October 23, 2025 @ 3:50 pm By Omar Faridi  |  

Jumio, the enabler of AI-enabled identity intelligence anchored in biometric authentication, automation and data-driven insights, announced it achieved ISO/IEC 30107-3 Level 2 compliance for its liveness detection tech. Jumio Liveness has been “independently tested” by the NIST/NVLAP-accredited iBeta lab and achieved “ISO/IEC 30107-3 Level 2… Read More

October 21, 2025 @ 9:25 am By Omar Faridi  |  

FutureBank, a banking and payments integration platform, announced an international partnership with Regtech company Sumsub, a global verification provider. The latest collaboration should help banking service providers with enhancing their digital transformation strategies and control all identity operations via a unified platform. The partnership brings… Read More

October 15, 2025 @ 2:20 pm By Omar Faridi  |  

Taxbit explains that it streamlines compliance by automating seller data collection, handling high volumes of transactions, and producing jurisdiction-specific reports in the correct formats. Taxbit notes that its platform continuously updates to reflect regulatory updates, assisting digital platforms with remaining compliant while focusing on core… Read More

October 15, 2025 @ 12:31 am By Omar Faridi  |  

Regtech firm Sumsub released the latest edition of its Global Fraud Index, developed in collaboration with Statista, CryptoUK, Digital Assets Association, Vixio Regulatory Intelligence and MENA Fintech Association. Timothy Owens, Tech and AI Industry Expert, and Senior Research Lead Technology and TeleCommunications at Statista shared… Read More