by Jyotsna Bucktowar | Feb 28, 2024
The draft identifies current inefficiencies within the UK’s regulatory requirements and guidance for ‘Know Your Client’ (KYC) due diligence. The shortcomings highlighted include: The guidance rarely specifies precise data points to be populated or parameters for...
by AdrianaAMLP | Feb 26, 2024
Offers detailed suggestions on how the Guidelines may be further improved by acknowledging the various roles played by Payment Service Providers n a transfer chain and addressing the potential unintended consequences of the new requirements around batch...
by AdrianaAMLP | Feb 18, 2024
Commission is seeking help in understanding the most challenging and prevalent issues of private international law that arise from the digital, online, and decentralised contexts in which modern digital assets and electronic trade documents are used. The commission is...
by Jyotsna Bucktowar | Feb 11, 2024
The European Banking Authority (EBA) launched a consultation on Guidelines to prevent money laundering and terrorist financing in fund and crypto transfers. These “travel rule” Guidelines aim to unify EU practices by ensuring service providers can detect...
by Jyotsna Bucktowar | Feb 6, 2024
The consultation highlights the importance of ensuring AI’s trustworthiness and public adoption through a strong pro-safety approach in order to realise the benefits of these technologies. The Govt announces over £100m to help realise new AI innovations and support...
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