Tag: EU

Kicking out corruption: EU’s AML measures target soccer’s billions

The EU is stepping up its game against money laundering and CTF, extending its regulatory net to include the high-stakes world of professional soccer.

EU adopts new verification requirements to combat greenwashing

The European Union (EU) has revealed new standards that are designed to combat greenwashing by adopting new rules aimed at ensuring the accuracy of environmental marketing claims made by companies.

The European Commission answers questions about the 2040 climate target

The European Union is embarking on an ambitious journey to become the first climate-neutral continent by 2050, with a significant milestone set for 2040.

ESMA bolsters its monitoring of EU alternative investment funds

The European Securities and Markets Authority (ESMA), the esteemed financial markets watchdog of the EU, recently unveiled a comprehensive report spotlighting the market dynamics of the EU's alternative investment funds (AIFs).

EU’s AML regulations to transform crypto and high-value transactions

The European Union (EU) has recently made a significant stride in fortifying its defenses against money laundering and terrorist financing. A provisional agreement reached between the EU Council and Parliament introduces a comprehensive anti-money laundering (AML) package aimed at protecting EU citizens and the financial ecosystem.

RegTech Naq secures €3m in oversubscribed round

European automated compliance platform Naq, has successfully secured a significant €3m (£2.6m) investment, marking a pivotal step in the advancement of healthcare and medical compliance across the UK and the EU.
The impact of EU's AML regulations on wealthy individuals and luxury businesses

The impact of EU’s AML regulations on wealthy individuals and luxury...

Big changes are sweeping through Europe's financial landscape, thanks to the introduction of stringent Anti-Money Laundering (AML) laws. These new regulations are particularly significant for high net worth individuals (HNWIs) and businesses in the luxury sector. The mandate? Heightened vigilance and transparency in financial dealings, aiming to curtail the misuse of funds.

Navigating the regulatory minefield: Record fines highlight 2023’s compliance challenges

In 2023, the global regulatory landscape unveiled a startling revelation as fines imposed by authorities exceeded a colossal $10.5bn. This figure not only reflects the stringent enforcement actions but also spotlights the emerging areas of regulatory scrutiny.

Understanding the impact of EU’s AI Act on financial services

The EU made a significant move towards regulating artificial intelligence (AI) by tentatively agreeing on the terms of the AI Act.

Decoding the UPI: Revolutionizing OTC derivatives reporting in global markets

The introduction of the Unique Product Identifier (UPI) under the European Union’s EMIR REFIT marks a significant shift in over-the-counter (OTC) derivatives reporting. This...

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2023 with details on each solution

120,000+ FinTech leaders get exclusive industry stories delivered every week