Source: FATF

The virtual asset sector is fast-moving and technologically dynamic, which means continued monitoring and engagement between the public and private sectors is necessary.

Credit Suisse has been hit with a £147 million penalty by the Financial Conduct Authority, as part of a $475 million global resolution agreement, for serious financial crime due diligence failings related to loans worth over $1.3 billion, which the bank arranged for the Republic of Mozambique.

Source: FCA

Due to the coronavirus (Covid-19) pandemic, firms are already familiar with working in a remote environment and adapting their systems and controls.

Source: Fintech Australia

FinTech Australia has released a new tool for early-stage fintechs and global fintechs expanding into Australia, offering clear guidance on financial services licensing in Australia and which government bodies are responsible for managing them.

Europe's top banking watchdog says regulatory authorities have little understanding of the risks involved in digital banking marketplaces, where banking products are offered alongside third party services.

The Bank of England has chided some banks and building societies for failing to supply accurate and reliable data to help regulators identify risks to the financial system.

The central American nation today sets a world-first as it adopts the cryptocurrency for use across all goods and services – even taxes.