Source: Global Relay

A third of EMEA firms are already using AI in compliance, and 71.4% plan to introduce it in the next year – with EMEA firms also much less likely to ban communications like WhatsApp for business use.

Block Inc. has been fined by the New York Department of Financial Services (NYDFS) for significant shortcomings in its anti-money laundering (AML) and compliance practices, particularly within its Cash App platform.

Source: ADGM

ADGM, the leading International Financial Centre (IFC) of the UAE’s capital, has signed a Memorandum of Understanding (MoU) with Chainlink, the standard for onchain finance, marking a major step in advancing compliant tokenisation frameworks.

Source: Vistra

Vistra, a leading provider of essential business services that help organisations to invest, grow and operate efficiently and compliantly across the world, today launched Geni, the world's first global AI compliance advisor.

This Sunday, February 2, key provisions of the EU AI Act will take effect, including the ban on AI systems deemed to pose an "unacceptable risk" and the deadline for meeting AI literacy requirements.

Ripple and Ondo Finance have partnered to bring Ondo Short-Term U.S. Government Treasuries (OUSG) to the XRP Ledger (XRPL), backed by the BlackRock USD Institutional Digital Liquidity Fund (BUIDL).

A joint report by Nasdaq and Boston Consulting Group (BCG) reveals that financial institutions could achieve between $25 billion and $50 billion in annual savings by streamlining their Risk and Compliance functions.