Compliance Financial News

17.10 / 09:07

regulation ASIC compliance Three Aussie crypto funds halted as regulator cites non-compliance

Australia’s chief financial market regulator has placed interim stop orders on three cryptocurrency-related funds set to be offered to retail investors, due to non-compliant target market determinations (TMDs).

23.09 / 14:33

UPS Binance Kraken compliance Binance poaches Kraken compliance boss as crypto readies for regulation

Binance, the world’s largest cryptocurrency exchange by spot-trading volume, has snatched up the former chief compliance officer from rival Kraken, as the industry continues to ramp up its compliance efforts.

07.09 / 20:37

Law regulation SEC compliance Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police.

05.09 / 02:07

UPS Provident MasterCard veteran Standard copper compliance Copper hires Standard Chartered, Deutsche Bank veteran as crypto firms bolster compliance teams

Copper has become the latest crypto firm to beef up its compliance team, appointing finance veteran Tim Neill as its new chief risk officer.

18.08 / 17:07

Citi compliance ‘Clearly a bad idea’: Compliance experts slam Liz Truss talk of merging FCA and PRA

Compliance experts have slammed prime ministerial hopeful Liz Truss after reports suggested she is considering merging the City's most influential regulators.

02.08 / 18:29

Action Discover compliance Robinhood Crypto hammered by New York watchdog over litany of compliance failures

Despite self-reporting compliance with the rules, an NYDFS investigation uncovered a litany of failures at the brokerage, as it struggled to keep pace with customer demand for crypto services. Among other things, the regulator found that RHC’s BSA/AML program was inadequately staffed; failed to timely transition from a manual transaction monitoring system that was inadequate for RHC’s size, customer profiles, and transaction volumes; and did not devote sufficient resources to address risks specific to the business.

05.07 / 14:41

compliance FCA poaches LGIM compliance head to oversee asset managers

The Financial Conduct Authority has poached Legal & General Investment management's global chief compliance officer for a new role overseeing the asset management sector.

28.06 / 09:59

COST compliance Credit Suisse bolsters compliance, plans cost cuts from technology for turnaround

Credit Suisse has hired 22 senior compliance professionals this year and bolstered headcount in the division as it looks to draw a line under successive crises that have rocked the bank over the past 12 months.

24.06 / 12:43

coindcx Withdrawals compliance CoinDCX restricts crypto withdrawals citing higher compliance requirement

Cryptocurrency exchange CoinDCX had paused its crypto withdrawal facility without prior communication, sparking concerns among users. The recent liquidity crises at several institutions, including Celsius Network, which paused crypto withdrawals and transfers, has stirred fear among Indian retail, ET reported on June 21. In this backdrop, CoinDCX's decision to restrict crypto withdrawals have caused a furore on social media.

03.06 / 00:27

regulation Investments Court compliance 401(k) provider ForUsAll sues US Labor Dept over anti-crypto compliance release

ForUsAll, a 401(k) retirement provider, filed suit against the United States Department of Labor (DOL) and Martin Walsh as Labor secretary in U.S. District Court in Washington, D.C. on Thursday. The company is seeking the withdrawal of a DOL compliance assistance release issued in March, citing the Administrative Procedure Act, which safeguards against arbitrary official encroachment on private rights.

23.05 / 09:55

CEO BitMEX compliance Ex-BitMEX CEO sentenced over money laundering compliance failure

Arthur Hayes, a co-founder and former chief executive of cryptocurrency derivatives exchange BitMEX, has been sentenced to serve six months of house arrest for violating US law by failing to establish a compliant anti-money-laundering program.

19.05 / 07:29

WazirX compliance WazirX launches 2nd transparency report with 100% compliance rate

Crypto trading platform WazirX released the second edition of its semiannual 'Transparency Report' for October 2021 – March 2022 period on Tuesday. The report provides an overview of initiatives and partnerships that the company took in the last 6 months to safeguard investors' interest from its end. During the mentioned period, WazirX has reported 100 per cent compliance rate for all the 1,023 requests received from various Law Enforcement Agencies (LEA).

12.05 / 11:37

Citigroup compliance Citigroup names Tom Anderson as chief compliance officer

Citigroup has named Tom Anderson as its new chief compliance officer.

22.04 / 09:17

cryptocurrency Digital Progressive Anti-money laundering compliance Crypto Bank Violated Anti-Money Laundering, Compliance Rules: U.S. Regulator

Anchorage Digital received a conditional bank charter from the US regulator in January 2021.

22.04 / 03:27

Law Banks AML compliance OCC issues order against Anchorage Digital over AML compliance

The United States Office of the Comptroller of the Currency, or OCC, has said it intends to pursue cease and desist proceedings against cryptocurrency custody bank Anchorage Digital for violating certain anti-money laundering requirements.

15.04 / 17:15

business regulation AML Regulatory compliance compliance regulatory Bitstamp asks users to update the source of their crypto, citing regulatory compliance

Major global cryptocurrency exchange Bitstamp continues increasing compliance efforts by requesting its users to provide more data like their source of wealth.

29.03 / 14:41

compliance Credit Suisse faces probe over compliance with Russia sanctions

US lawmakers asked Credit Suisse to hand over information related to the bank’s compliance with sanctions over Russia’s invasion of Ukraine.

28.03 / 17:07

compliance Credit Suisse faces probe over compliance with Russia sanctions

US lawmakers asked Credit Suisse to hand over information related to the bank’s compliance with sanctions over Russia’s invasion of Ukraine.

25.03 / 09:05

regulation FATF Upbit compliance Korean crypto exchanges are now in compliance with the Travel Rule

South Korean crypto exchanges have reached the government-mandated deadline to come into compliance with the so-called Travel Rule, but not all industry players are pleased with the measure.

18.03 / 12:17

UPS cryptocurrency Digital Platform Mark Warner compliance Digital Asset Sanctions Compliance Act Introduced By US Democrats To Curb Russian Crypto Use

US Democrats introduce bill to curb Russian crypto use amid Ukraine crisis

07.03 / 11:05

business coinbase Bitcoin compliance Coinbase proposes crypto tech to promote global sanctions compliance

The United States-based crypto exchange Coinbase has proposed the use of cryptocurrencies to help ensure compliance with economic sanctions. The recommendation comes along with highlighting the ease of laundering and sanction evasion of fiat currencies made possible by traditional financial infrastructures.

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