A federal court in Brooklyn, New York, has made the first-ever conviction for failing to comply with the Foreign Account Tax Compliance Act (FATCA).
The financial conduct authority has warned that the UK will be unable to manage the risk of financial crime under a no-deal Brexit.
Financial Industry Regulatory Authority (FINRA) has highlighted five key areas here industry participants have most prominently leveraged RegTech innovations.
With Danske bank currently embroiled in a money laundering scandal, Denmark is reportedly looking to increase fines with new legislation.
The Financial Conduct Authority has set its sights on tightening up regulation of the e-money sector.
The UK is failing to get to grips with anti-money laundering efforts due to the ‘onerous compliance burden’ according to the UK Law Commission.
The Financial Conduct Authority has proposed tough new regulations regarding peer-to-peer (P2P) lending platforms
No individual RegTech has the complete answer to achieving compliance, there needs to be an ecosystem which brings different providers together, according to EY partner Mike Zehetmayr.
With PSD2 implementing new rules on strong customer authentication, Mastercard is predicting a big future for biometric technology.
Regulations are taking the focus from the organisation to the customer; however, more regulatory expertise and know-how is needed to help the RegTech sector flourish, according to Dr. Ashima Chopra, an independent FinTech Consultant.