Fintech, Regtech and the role of compliance
Embracing technology to help manage risk, reduce administrative burdens, and improve efficiencies is a strategy that’s been developing in the compliance space for a while, but the coronavirus pandemic has fast-tracked the urgency behind it. A pair of recent reports, cited by Compliance Week, explores this trend in more detail ...
KYC compliance catches up with crypto
James George, Compliance Manager, Compli-Serve SA
Know-Your-Customer (KYC) procedures are still a work-in-progress in the cryptocurrency industry. But businesses in this space, though still largely unregulated, need to comply with Anti-Money Laundering (AML) legislation or risk facing punitive measures.
KYC in crypto: playing opposites
Probably the biggest difference between crypto ...
Compli-Serve reminds firms to regularly review regulatory permissions
This note serves as a reminder to firms of their obligation to regularly review regulatory permissions to ensure they are up to date and removed where they are not needed. The FSCA expects firms to notify it of material changes and apply to make any necessary changes in a timely ...