Regulatory Research

On March 30, 2017 Democratic assemblyman Matt Dababneh introduced a bill, AB 1123, to repeal Section 107 of the Corporations Code, and to add Section 2178 and Division 11 (commencing with Section...
On April 1, 2017 those provisions of Resolution 439-11/2016 that set out the new thresholds for which obligated parties must report entered into force. These provisions were established in...
On April 26, 2017 Azimo, an online remittance service based in the UK, introduced a new international money transfer feature to its app that allows users to send cash to any mobile phone number,...
The CNIL, the French data protection authority, has fined Allocab €15,000 for not implementing sufficient security measures and retaining personal data for a length of time exceeding the...
On April 20, 2017 Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), gave a speech on "Financial Regulation: The Way Forward" at the OMFIF City Lecture, at The Arts Club,...
Indonesia has an evolving payments market with several electronic (e-wallet) services available. This report takes a closer look at the new processing regulations for payment services in the...
On April 20, 2017 Soramitsu, a Japanese blockchain technology company, published an announcement that it would be working with the National Bank of Cambodia on an open source distributed ledger ...
On April 21, 2017 the State Duma passed a draft Law on amendments to Article 16.1 to FZ "On protection of consumer rights" and FZ "On the national payment system" in the third reading, which sets...
On April 21, 2017, the National Bank of Ukraine (NBU) published an announcement on ID card innovation and how the cards can be used as a convenient tool to access banking services, despite initial...
The Financial Action Task Force (FATF) has assessed Sweden’s anti-money laundering and counter-terrorism financing (AML/CTF) measures in place at the time of the on-site visit from May 26, 2016 to...
Nausicaa Delfas, executive director at the UK's Financial Conduct Authority (FCA), gave a speech, "'Expect the unexpected' — cyber security — 2017 and beyond", at the Financial Information...
On April 24, 2017, Vitas Vasiliauskas, the chairman of the board of the Bank of Lithuania, held a meeting with the International Monetary Fund (IMF) to discuss economic developments across euro...
The Conference of State Bank Supervisors (CSBS) has released a new tool for money services businesses (MSBs) to improve compliance and transparency in the industry by providing uniform licensing...
On April 21, 2017 the Australian Securities and Investments Commission (ASIC) and Indonesia's Otoritas Jasa Keuangan (OJK) signed a cooperation agreement to promote innovation in financial...
On April 18, 2017 the Governor of Arizona signed House Bill 2216, which prohibits firearm tracking using blockchain technology. The bill seeks to prevent a possible introduction of tracking...
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched a public consultation on draft anti-money laundering and counter-terrorism financing (AML/CTF) rules resulting from...

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