Enhanced due diligence (EDD) is a set of additional measures that financial institutions have to implement to check and monitor high-risk customers and unusual transactions for potential money laundering activities. Every year around $2tn in illicit cash flows through the global […]
Access to private market investment opportunities and their lucrative return profiles was historically only granted to institutional and accredited investors. Perceived to possess sophisticated market understanding and risk management expertise, high-net-worth investors have generally had a leg up on private […]
On a mission to help the next 100 million people build their wealth with crypto, Finblox is a Hong Kong-based startup aiming to help people protect their savings from inflation.
The Financial Action Task Force (FATF) has published the outcomes from its plenary meeting, which took place between June 14 and 17 2022. Three plenary sessions are held each year by the FATF, with the plenary year beginning in July […]
As financial crime evolves, regulators and financial institutions alike strive to refine their risk-based approach to AML. The vast amounts of data involved in AML compliance and the increasing complexity of criminal methodologies mean that financial institutions must constantly find […]
Is Cryptocurrency Legal in Malaysia? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with the Malaysian Securities Commission Although cryptocurrencies are legal in Malaysia, they are not considered legal tender. The country’s central bank, Bank Negra Malaysia, has issued […]
Most financial institutions (FIs) understand the importance of taking a risk-based approach to compliance. But what this means when it comes to client risk management practices differs by sector, organization and channel. Clients expect to be able to onboard and […]
For financial institutions looking to become directly authorized as investment firms by the Financial Conduct Authority (FCA), it can be difficult to know exactly which permissions are necessary to apply for. Understand the process and uncover which permissions investment firms need to apply for here.
Meet ekko, a new challenger fintech with built-in eco-initiatives that allow users to track their carbon footprints. We caught up with co-founder and Head of Operations Manish Vara to learn more.
Non-fungible tokens (NFTs) are digital representations of a real-world object, bought by collectors and usually sold online. They are supported by blockchain technology – often the Ethereum blockchain – and contain built-in authentication, which serves as proof of ownership.
The war in Ukraine has triggered global sanctions and embargoes on an unprecedented scale. With Western countries increasingly keen to avoid direct military confrontations, the ability to impact the economies of ‘aggressors’ has become an important diplomatic tool. The growing […]
The Financial Conduct Authority (FCA) and the Treasury have issued significant updates to the UK’s current and proposed crypto regulatory framework in recent months. But as the industry evolves and matures at a rapid pace, the government’s wider strategy around […]
EN
FR