by Jyotsna Bucktowar | Mar 20, 2024
The new rules will require businesses dealing with NFTs to conduct customer due diligence and report suspicious activities to the authorities. The move aims to bring NFTs under the same AML regulations as other digital assets like cryptocurrencies. This decision comes...
by Jyotsna Bucktowar | Mar 9, 2024
The changes introduced include: greater powers to query information and request supporting evidence, stronger checks on company names, new rules for registered office addresses, a requirement for all companies to supply a registered email address, a requirement for...
by Jyotsna Bucktowar | Mar 5, 2024
The FCA continues to remind people that cryptoassets are high risk and largely unregulated. Those who invest should be prepared to lose all their money. The FCA is collaborating with government, international partners and industry to develop the UK’s cryptoasset...
by Jyotsna Bucktowar | Mar 3, 2024
The government has been accused of a cover-up for refusing to publish a review of the so-called golden visa scheme that allowed wealthy investors, including at least 10 sanctioned Russian oligarchs, to take up residency in the UK. The Tier 1 visa scheme, whereby...
by Jyotsna Bucktowar | Feb 27, 2024
The Isle of Man’s Financial Services Authority (FSA) issued the £1,440,481 fine after the bank breached the AML/CTF Code 2015. The fine amount has been subsequently reduced to £1,008,337. The FSA found that RBSI was unable to demonstrate that its up-to-date Customer...
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