by Jyotsna Bucktowar | Apr 24, 2024 | News
House of Lords Financial Services Regulation Committee issues letter to FCA regarding its consultation on publicising enforcement decisions. It raises concerns that the FCA’s proposals risk having a disproportionate effect on firms named in investigations, where those...
by Jyotsna Bucktowar | Apr 23, 2024 | News
The APPG on Anti-Corruption and Responsible Tax has launched an ambitious new UK Economic Crime Manifesto addressing concerns around the lack of prioritisation of economic crime compared to other forms of crime and calls for: increased transparency in the ownership...
by Jyotsna Bucktowar | Apr 18, 2024 | News
MAS and Mastercard signed an MoU to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore. The partnership aims to further cement the collaboration between MAS and Mastercard in bilateral...
by Jyotsna Bucktowar | Mar 26, 2024 | News
FATF publishes new guidance on beneficial ownership and transparency of legal arrangements focusing on Rec.25, clarifying key risks, particularly those compounded by multiple layers, controlled by a Company with various Directors or nominee shareholders and...
by Jyotsna Bucktowar | Mar 25, 2024 | News
HM Treasury proposes expanding its money laundering regulations to capture a broader range of digital asset activities, including non-fungible token (NFT) issuance. The new rules will require businesses dealing with NFTs to conduct CDD and report suspicious activities...
by Jyotsna Bucktowar | Mar 22, 2024 | News
EU Parliament approves the AI Act that establishes obligations for AI based on its potential risks and level of impact. It aims to protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk AI, while boosting innovation and...
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