Legal & Regulation

AML
Top DeFi Exchange SushiSwap Builds in Controls as AML Measures Loom
March 21, 2022

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Bank Regulation
UK Regulator Orders Barclays to Correct Breaches
March 21, 2022

The United Kingdom’s banking regulator has ruled that Barclays Bank UK Plc has failed to make available accurate, comprehensive and timely information on its products and services through its Open Banking application programming interfaces (APIs). Get the Full Story Complete the form to unlock this...

Legal & Regulation
Australia Follows EU, UK Steps With Misinformation Bill
March 21, 2022

The Australian government announced on Monday (March 21) that it will introduce new legislation this year to combat harmful disinformation and misinformation online. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
Ex-Apple Employee Charged for Allegedly Defrauding iPhone Maker of $10M
March 20, 2022

U.S. prosecutors have charged a former Apple employee with defrauding the tech giant out of over $10 million over several schemes, Reuters says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

Legal & Regulation
San Francisco Small Businesses Hit With Security, Repair Costs as Petty Thefts Soar
March 20, 2022

Burglaries and property damage are on the rise in San Francisco, The Wall Street Journal reported Sunday (March 20). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Legal & Regulation
Finra Guidance Sees Compliance Execs as More Advisory Than Supervisors
March 20, 2022

The Financial Industry Regulatory Authority has said it’ll only take actions against chief compliance officers who don’t carry out specific supervisory responsibilities designated by the firm — not in matters where they’re just playing an advisory role, The Wall Street Journal reported Thursday (March 17)....

Legal & Regulation
Today in FinTech: Changes Coming to WeChat Pay; Binance Seeks Brazilian Bank; Monite Automates SME...
March 20, 2022

In today’s FinTech news, Tencent could be faced with spinning WeChat Pay into its payments subsidiary, while crypto exchange Binance looks to acquire a bank in Brazil in order to enter the market in the country. Plus, German FinTech Monite offers a one-stop-shop for automating...

Legal & Regulation
TechREG Weekly: Crypto, Cybersecurity and Online Safety Bills Advance in EU, US and UK
March 18, 2022

This week, important legislative initiatives made their way through European Union, U.K. and U.S. legislative bodies. Digital platforms in the U.K., and in particular social media companies, will have to step up their efforts to remove content in their platforms that is lawful but harmful...

Legal & Regulation
China Could Require Tencent’s WeChat to Secure New Payment License
March 18, 2022

Regulators in China could force Tencent to spin WeChat Pay into its newly-created payments subsidiary, which could cause the need for the mobile payments service to obtain a new license, Bloomberg reported on Friday (March 18), citing sources with insider information.  Get the Full Story...