From Lexology

Stepping out from the shadows: FinCEN sets first national AML priorities

Earlier this week, FinCEN took a first step in fulfilling its expanded role under the Anti-Money Laundering Act of 2020 by issuing a set of national…

02 July 2021

Biden signs law overturning "True Lender" rule

On June 30, 2021, President Joe Biden signed a joint resolution to revoke the Office of the Comptroller of the Currency’s (OCC) “true lender” rule…

02 July 2021

AI in financial services - The Alan Turing Institute

In July 2019, the FCA announced that it was partnering with the Alan Turing Institute to explore transparency and “explainability” of AI in the…

02 July 2021

Investment Firms Update: New prudential regime applies to MiFID investment firms across the EU

From 26 June 2021, a new prudential regime applies to Markets in Financial Instruments Directive (MiFID) investment firms across the EU. These…

30 June 2021

ASIC seeks views on crypto assets for ETPs and investment products

The Australia Securities & Investments Commission (ASIC) has today put the call out for industry comment on new proposals regarding regulatory…

30 June 2021

Banking in Tanzania: post-licensing compliance for banks, financial institutions and microfinance service providers

In this article, we highlight some of the basic compliance requirements that banks and financial institutions (BFIs) and microfinance service…

30 June 2021

Venezuela: Banking authority issues regulations for fintech services

The Office of the Superintendent of Banking Sector Institutions (SUDEBAN) issued Resolution No. 001.21 of 4 January 2021 to regulate the…

24 June 2021

BCBS consults on the prudential treatment of cryptoasset exposures

Last week, whilst El Salvador was contemplating reforms that should eventually allow Bitcoin to be used for everyday payments, a thousand people in…

18 June 2021

EU Sustainable Finance Disclosure Regulation: another step towards an ESG-driven economy

On March 10, 2021, a host of provisions came into effect as part of the European Union’s (“EU”) Regulation on Sustainability‐Related Disclosures in…

11 June 2021

Crypto: Where regulation meets innovation (Gibraltar)

I have been involved in regulatory work for many years and written extensively on regulatory matters, especially as a staunch advocate of the need for…

04 June 2021

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