Tag: Regulation
TransferGo hit with €310,000 fine from Bank of Lithuania for AML failings
Electronic money institution UAB TransferGo Lithuania has been fined €310,000 by the Bank of Lithuania for violating anti-money laundering and counter-terrorist financing laws.
FactsUAB...
Revolut halts crypto services in the US citing “evolving regulatory environment”
Challenger bank Revolut will halt access to cryptocurrencies for US customers starting October 3, citing regulatory uncertainties and the evolving crypto market.
FactsChallenger bank...
European Commission brings in Moody’s Analytics to help fight fraud
The European Commission has awarded a €34 million framework contract to Moody's Analytics to bolster its anti-fraud and financial crime efforts using data insights...
Clearstream migrates regulatory reporting to Regnology’s Rcloud platform
Clearstream Banking AG, a post-trade business of Deutsche Börse Group based in Luxembourg, is shifting from on-premise to cloud-based regulatory reporting by adopting Regnology's...
The FCA’s Consumer Duty clamps down on unfair savings rates
The Financial Conduct Authority (FCA) is taking action against banks and building societies for offering disproportionate interest rate rises to savers. The FCA's 14-point...
UBS to pay $388m in fines relating to Credit Suisse’s doomed dealings with Archegos
Credit Suisse and UBS Group AG will pay fines totaling $388 million due to Credit Suisse's risk management failures related to its dealings with...