Category: Policy and Regulation
Trump Approves Groundbreaking Order to Permit Cryptocurrency in 401(k) Retirement Plans
The Biden administration’s recent executive order seeks to revamp fiduciary guidance for private market investments in 401(k) and defined contribution plans, aiming to enhance retirement…
Standard Chartered Partners with Brazilian State on Five-Year Carbon Credit Agreement to Boost Sustainability Efforts
Standard Chartered has partnered with Brazil’s Acre State to sell up to five million high-integrity forest protection carbon credits, marking a significant step in forest…
Paxos Reaches $48.5 Million Settlement in New York Over Binance AML Compliance Issues
Paxos has agreed to a $26.5 million penalty to New York State and will invest an additional $22 million to enhance its compliance program following…
FCA Cracks Down on E-Money Firms: Consumer Groups Claim It’s ‘Too Little, Too Late’
New regulations aimed at enhancing consumer protection in the payments industry will come into effect in May 2024. These changes, prompted by alarming findings from…
SEC Unveils Groundbreaking AI Task Force to Enhance Financial Oversight
The SEC has appointed Valerie Szczepanik as its first Chief AI Officer to enhance regulatory oversight by integrating artificial intelligence into its operations. Szczepanik, previously…
EBA Sounds Alarm: Fintech Sector Faces Growing Money Laundering Risks
The European Banking Authority (EBA) has issued a warning about rising illicit financing risks in the EU’s financial sector, particularly linked to the fintech industry.…
FCA Advocates for Enhanced Digital Loan Processes: A Call for Innovation and Efficiency
A recent Financial Conduct Authority (FCA) review highlights how digital platform design affects customer behavior regarding financial products. While well-structured platforms can improve comprehension through…
Klarna Secures UK EMI License: A Game-Changer for Buy Now, Pay Later Services
Klarna Financial Services UK (KFSUK) has obtained a significant license to enhance its offerings for 11 million UK customers. This development introduces new features like…
CFIT Elevates Anna Wallace to CEO: A New Era of Leadership Begins
CFIT has appointed Anna Wallace as its new Chief Executive Officer (CEO), aiming to enhance the organization’s vision and drive growth. With over 15 years…
CFIT Names Anna Wallace as New CEO: A Strategic Move for Future Growth
CFIT has appointed Anna Wallace as its new CEO to enhance the company’s competitive position. Wallace, who has over 15 years of experience in the…
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