A few weeks after the Malta Financial Services Authority ordered Satabank to refrain from taking further deposits and onboarding new customers, it is trying to reassure depositors that they will receive their money shortly.
The New York State Department of Financial Services has approved the application of NYDIG Execution, a subsidiary of NYDIG LLC, for a virtual currency licence and a money transmission licence. It has also authorised NYDIG Trust Company LLC, another subsidiary, to operate as a limited purpose trust company.
The US Securities and Exchange Commission has induced Citibank to pay $38.7 million to settle charges of improper handling of 'pre-released' American Depositary Receipts. The bank neither confirms nor denies the charges.
The UK's Daily Telegraph has obtained a 'freedom of information' disclosure from the Financial Conduct Authority to the effect that it received 15 complaints from individuals related to alleged incorrect, misleading or missing information on the FCA Register last year.
Kenneth Hayne, the head of the Australian Financial Services Royal Commission, has issued an interim report to the public which outlines the shortcomings of the country's regulatory regime in stark terms. The Au...
The Financial Action Task Force, the world's anti-money-laundering standard-setter, has published fresh guidelines to govern the risk-based approach that financial firms ought to be taking to their AML duties in...
In this regulatory update we look at some major publications from the UK's Financial Conduct Authority, including the FCA’s plans to keep regulation going in the event of the UK leaving the European Union withou...
The US Government has updated its strategy for prosecuting white-collar crime. It is now placing a greater emphasis on encouraging financial firms to 'self-disclose' when they uncover fraud, market manipulation ...
The Securities and Futures Commission of Hong Kong is going to impose licensing conditions on firms which manage or intend to manage portfolios that invest in virtual assets, irrespective of whether those assets...
A few weeks after the Malta Financial Services Authority ordered Satabank to refrain from taking further deposits and onboarding new customers, it is trying to reassure depositors that they will receive their mo...
The New York State Department of Financial Services has approved the application of NYDIG Execution, a subsidiary of NYDIG LLC, for a virtual currency licence and a money transmission licence. It has also author...
The US Securities and Exchange Commission has induced Citibank to pay $38.7 million to settle charges of improper handling of 'pre-released' American Depositary Receipts. The bank neither confirms nor denies the...
Leszek Czarnecki, the majority owner of Getin Noble Bank and one of Poland's wealthiest men, has claimed that Marek Chrzanowski, the chairman of the national financial regulator, solicited bribes from him. The p...
The UK's Daily Telegraph has obtained a 'freedom of information' disclosure from the Financial Conduct Authority to the effect that it received 15 complaints from individuals related to alleged incorrect, mislea...