There’s increasing demand for best practices, codes of conduct and self-regulatory frameworks to be developed. And there are signs that the sector is responding.
Identifying additional challenges for KYC and terrorist finance prevention in non-face-to-face / online channels.
Regulatory requirements to be met before a financial institution can outsource any function have been made more stringent
The updated FAQs are primarily aimed at UK based financial institutions re-locating in the context of Brexit but may also impact others.
Reported valuations of cryptocurrencies and digital assets are on the rise. With cryptocurrency investors entering into unsecured and/or secured financing, the risks attached to this trend are noteworthy.
According to estimates, approximately 80% of all ICOs are fraudulent offerings and most of the remaining ICOs are difficult to evaluate.