Deborah Jan 2FinCEN proposal to extend recordkeeping, reporting, and identity verification rules to banks & MSBsOn December 18, 2020, the Financial Crimes Enforcement Network (FinCEN) issued a notice for rulemaking requesting public comments on its ...
Ameis Regulatory ServicesDec 5, 2020CA - FINTRAC publishes guidance on ML/TF indicatorsFINTRAC recently published its guidance for money laundering and terrorist financing (ML/TF) providing indicators to help identify suspic...
Deborah Nov 24, 2020The Federal government released the proposed Digital Charter Implementation Act, 2020On November 17, 2020, the federal Minister of Innovation, Science, and Industry introduced the Digital Charter Implementation Act, 2020. ...
Deborah Oct 20, 2020FSB’s toolkit on effective practices for cyber incident response and recovery On October 19, 2020, the Financial Stability Board (FSB) published its Final Report on Effective Practices for Cyber Incident Response an...
Deborah Oct 13, 2020FCA officially banned the sale of cryptocurrency derivatives and ETNs to retail usersOn October 6, 2020, the UK Financial Conduct Authority (FCA) published Policy Statement PS 20/10 prohibiting the offering of investment p...
Ameis Regulatory ServicesOct 2, 2020EU/EC - The European Commission's digital finance packageWith the goal of making Europe's financial services more digital-friendly and stimulating responsible innovation and competition among fi...
Deborah Sep 17, 2020ASIC Launched Enhanced Regulatory Sandbox Starting September 1st, 2020, natural persons and businesses can test certain innovative financial services or credit activities, without...
Deborah Sep 16, 2020OSFI seeks stakeholders’ comments on technology risks in the financial sectorOn September 15, 2020, the Office of the Superintendent of Financial Institutions (OSFI) released a discussion paper, Developing financia...
Deborah Sep 15, 2020FATF publishes report on ML/TF red flag indicators related to virtual assetsOn September 14, 2020, the Financial Action Task Force (FATF) releases a report on virtual assets red flag indicators to help reporting e...
Deborah Sep 11, 2020SWIFT describes money laundering techniques and provides strategies to mitigate these risksOn September 2, 2020, SWIFT, together with BAE Systems, publishes “Follow the Money” report detailing the types of cyber-heist financial ...
Deborah Aug 20, 2020UK – ICO published Guidance on AI and data protectionOn July 30, the Information Commissioner’s Office (ICO) published its Guidance on Artificial Intelligence (AI) and data protection to hel...
Deborah Jul 29, 2020CA-Payments Canada – 2020-2024 Corporate PlanOn July 28, Payments Canada released its 2020-2024 Corporate Plan, highlighting a number of legislative and regulatory initiatives, inclu...
Deborah Jul 24, 2020UK- Government consults on regulating cryptoasset promotions On 20 July 2020, HM Treasury (the “Government”) released a consultation paper regarding cryptoasset promotions (the "Consultation"). The ...
Deborah Jul 23, 2020CA – IIROC seeks comments on proposed changes to Dealer Member Rules The Investment Industry Regulatory Organization of Canada (IIROC) published today for public comment certain proposed amendments to the D...
Deborah Jul 14, 2020NG – Central Bank of Nigeria publishes draft Framework for Regulatory Sandbox OperationsOn June 23, the Central Bank of Nigeria (CBN) published for comments a circular including the draft Regulatory Framework for Sandbox Oper...
Deborah Jul 10, 2020UK – FCA grants first MTF license to CTP & publishes additional guidance for payment/e-money firms1. For the first time, the UK Financial Conduct Authority ("FCA") granted (https://register.fca.org.uk) a Multilateral Trading Facility (...
Deborah Jul 10, 2020CA – Ontario government seeks feedback on Modernizing Capital MarketsOn July 9, the Ontario government published its Capital Markets Modernization Taskforce initial consultation report seeking feedback from...
Deborah Jul 8, 2020Global - IOSCO requests feedback on the use of AI and ML by asset managers & intermediariesOn June 25, the International Organization of Securities Commissions (IOSCO) published a consultation report and proposed guidance regard...
Deborah Jul 8, 2020Global/FATF – 12-month review of FATF revised Standards on Virtual assets & VAPS releasedOn July 7, the Financial Action Task Force (“FATF”) has completed its 12-month review that evaluate the implementation by countries and s...
Deborah Jul 7, 2020FR/AMF – The French AMF publishes its position paper on digital finance in EuropeOn July 6, the French Autorité des Marchés Financiers (‘French AMF’ or ‘AMF’) published a position paper setting out its guidelines for t...