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Wells Fargo Advisors agreed to pay $7 million to settle federal Securities and Exchange Commission (SEC) charges that the firm failed to report at least 34 suspicious transactions that could have triggered anti-money laundering investigations, the agency announced Friday (May 20). Get the Full Story...
This week, policymakers and regulators in Europe have continued issuing warnings about cryptocurrencies as “highly speculative assets” and renewed calls for “consistent and comprehensive” crypto regulation. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
This week, lawmakers and regulators announced that they are working on new rules and legislation in the crypto space. Federal agencies are also poised to step up their enforcement actions to protect consumers and investors. The Securities and Exchange Commission (SEC) and the Commodity Futures...
The Federal Reserve Board on Thursday (May 19) finalized a rule that governs funds transfer over the Federal Reserve Bank’s FedNow services. The final rule is substantially similar to a proposal from last year, but some of the clarifications provided by the Fed will allow...
Financial leaders from the Group of Seven (G-7) have called for the Financial Stability Board to develop “consistent and comprehensive” cryptocurrency regulation, Reuters reported Thursday (May 19). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
The U.K. Financial Conduct Authority (FCA) announced on Thursday (May 19) that it will use new powers to more swiftly cancel or change what regulated activities firms are permitted to do. The regulator will be able to cancel any permission given to a regulated entity,...
Today in technology regulation, the Commodity Futures Trading Commission (CFTC) eyes cryptocurrency enforcement, while the United Kingdom’s financial regulator plans to use new powers to strip permissions from regulated companies that are not using them in an attempt to reduce fraud and scams. Plus, the...
Jonathan Kanter, head of the Department of Justice (DOJ) Antitrust Division, has warned buyout firms that they may be subject to tougher regulatory review if future deals have the potential to harm the American economy. Get the Full Story Complete the form to unlock this...
