Fintech Review

MAY 1, 2025

Yet, as digital financial services scale globally… Regulation and compliance have become just as important as product design and user experience. No matter how disruptive a fintech platform is, it must operate within legal frameworks that are evolving rapidly. They are foundational requirements for sustainable growth.

Compliance 59

Compliance Regulations FinTech Payment APIs and Integration 59

The Fintech Times

AUGUST 19, 2024

In April 2024, the country reviewed the legal framework for virtual assets declaring that providers must register and comply with the duty to report to authorities. The move acts as a statement of Bybit’s goal to adhere to local regulations, all the while providing a secure and compliant platform for its users.

Legal Framework 64

Legal Framework Cryptocurrency Money Laundering Card Issuer 64

PYMNTS

APRIL 12, 2019

The General Data Protection Regulation (GDPR) represented a new phase in data security and EU regulators’ approach to it. “If the data controller implicitly trusts a data processor simply because there is a consistent legal framework in place, criminal abuse of trust will always take place.”

Cybersecurity 77

Cybersecurity Data Breach Breach Legal Framework 77

Fintech News

JULY 17, 2024

And contrasting with the non-crypto native space, the Hong Kong Monetary Authority (HKMA) just fined DBS Bank (Hong Kong) Limited, the HK subsidiary of DBS , a HK$10 million penalty for breaches of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). The United Arab Emirates has amended Federal Decree-Law No. (20)

Money Laundering 109

Money Laundering Law Enforcement AML Non-Bank 109

PYMNTS

NOVEMBER 20, 2018

According to a report in Reuters , citing European Central Bank Supervisory Board Chair Daniele Nouy, the European Central Bank’s Single Supervisory Mechanism will create an anti-money laundering office that will collect and share the information from other supervisors as well as from authorities. are investigating $228.5

Money Laundering 73

Money Laundering Central Bank Legal Framework AML 73

The Payments Association

FEBRUARY 10, 2025

This legislation represents a significant shift in corporate accountability, aiming to strengthen the UKs legal framework against financial crime. Regulators need both the resources and the authority to take meaningful action against companies that turn a blind eye to fraudulent activities.

Crime 88

Crime Fraud Prevention Risk Assessment Due Diligence 88

Segpay

APRIL 1, 2025

France and the United Kingdom have implemented strict age verification regulations to address this issue. While their goals align, their approaches and legal frameworks differ. Regulatory Frameworks In the United Kingdom, the Online Safety Act passed into law on 26 October 2023.

Verification 45

Verification Regulations Privacy Online and Mobile Banking 45

Fintech News

JANUARY 17, 2024

On another front, LexisNexis Risk Solutions reports proactive efforts by the Hong Kong Monetary Authority to bolster online banking security and combat digital fraud. Regulations bring liability changes Regulators across APAC are updating regulations to protect consumers from evolving scam tactics.

Deepfake 125

Deepfake APACS Scams Authentication 125

Neopay

JULY 18, 2024

The European Banking Authority (EBA) issued new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany transfers of funds and certain crypto assets. Background In June 2023, Regulation (EU) 2023/1113 entered into force.

Travel Rule 52

Travel Rule Money Laundering Rules Finance 52

The Fintech Times

JANUARY 31, 2025

Thawani made history in 2020 by becoming the first non-banking financial entity to receive a fintech licence from the CBO, marking a significant milestone in Omans fintech journey.

FinTech 64

FinTech Non-Bank Legal Framework Central Bank 64

Segpay

MARCH 24, 2025

By comparing the Australian legal e-gaming and e-gambling landscape with that of the USA, we want to make it easier to understand for our readers who are familiar with US regulations. Before addressing gaming and gambling regulations, let’s take a helicopter view at the regulatory frameworks that regulate the payments industry.

Compliance 71

Compliance Suspicious Activity Report (SAR) Fincen AML 71

Global Fintech & Digital Assets

FEBRUARY 26, 2024

By Simon Hawkins and Adrian Fong On 7 February 2024, the Hong Kong Monetary Authority (HKMA) released a consultation paper on its proposal for implementing new regulations on the prudential treatment of cryptoasset exposures (Consultation Paper). The HKMA intends to put the new standard into effect no earlier than 1 July 2025.

Consulting 52

Consulting Regulations Distributed Ledger Technology (DLT) Stablecoins 52

Neopay

NOVEMBER 27, 2023

The European Banking Authority (EBA) has launched a public consultation on new Guidelines on preventing the abuse of funds and certain crypto-assets transfers for money laundering and terrorist financing purposes.

Money Laundering 52

Money Laundering Consulting Finance Travel Rule 52

PYMNTS

NOVEMBER 2, 2018

The Australian Financial Complaints Authority (AFCA) has officially launched, and small business owners will have the opportunity to be compensated up to AUS$1 million (about $720,000 USD) to resolve complaints. Small businesses with disputes can go to the AFCA, which will first tackle any issues via informal methods, including mediation.

Disputes 61

Disputes Small Business Legal Framework Governance 61

Stax

DECEMBER 9, 2024

The transaction details, including the purchase amount, are transmitted to the merchant’s acquiring bank for authorization. Authorization and Settlement The acquiring bank, upon receiving the transaction details, verifies the availability of funds in the consumer’s credit card account.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Stax

JANUARY 15, 2024

Surcharging involves understanding federal laws, state-specific restrictions, and international regulations. PCI DSS compliance, a global framework, mandates specific requirements and best practices for maintaining credit card data security. In case of ambiguities, don’t hesitate to consult with state regulators.

Credit Cards 88

Credit Cards PCI DSS Compliance Process 88

The Fintech Times

OCTOBER 10, 2024

This move comes shortly after the Virtual Assets Regulatory Authority ( VARA ) intensified its efforts to safeguard Dubai’s virtual asset ecosystem by targeting unlicensed firms operating within its jurisdiction. Earlier in the year, OKX entered markets in Brazil, Türkiye, Australia, and the Netherlands.

Cryptocurrency 52

Cryptocurrency Risk Management Blockchain Legal Framework 52

Neopay

JUNE 24, 2024

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) has published its 2023 Annual Report, detailing the joint work completed over the past year. DORA mandated the ESAs to develop several policy products before its application date of January 17, 2025, to supplement the legal framework.

Legal Framework 40

Legal Framework Financial Literacy Consumer Protection Risk Assessment 40

Segpay

MAY 1, 2024

DORA entered into force on January 16th, 2023, and its legal implementation deadline is January 17 th , 2025. The Act will help regulators to identify and investigate financial crime more effectively. DORA’s Main Pillars Digital services providers, including PSPs, must adhere to ensure compliance with the framework.

Cybersecurity 52

Cybersecurity Compliance Procedures Risk Management 52

The Fintech Times

MARCH 23, 2024

Addressing these issues head-on is From Fintech to Ubiquitech: Accelerating the wider UK Digital Economy, a new report authored by a working group led by Dr. Ruth Wandhöfer. It sheds light on the pressing issues plaguing the nation’s digital ecosystem and proposes bold strategies for transformative change.

Economy 59

Economy Crime Legal Framework Government 59

CoinRemitter

JUNE 30, 2024

Blockchain technology manages the organization, coordinating tasks and governance without needing a central authority. Legal and Regulatory Challenges of DAOs Legal Status: Current legal frameworks struggle to categorize DAOs. Regulators are concerned that DAOs might be used to bypass AML laws.

Governance 40

Governance Government Blockchain Money Laundering 40

Clearly Payments

FEBRUARY 8, 2024

To ensure the smooth operation of this system and protect the interests of all stakeholders, a robust regulatory framework is in place. This article aims to provide an in-depth overview of the key regulatory organizations, payment regulations, and prevailing trends that shape payment regulation in the USA.

Regulations 105

Regulations Electronic Fund Transfer Act (EFTA) Federal Reserve Electronic Funds Transfer (EFT) 105

Segpay

AUGUST 20, 2024

China: Pioneering Stringent Measures Well known for its heavy state control, it shouldn’t be a surprise that China stands at the forefront of age verification regulations in Asia. Strict Gaming Regulations : China has implemented stringent regulations for online gaming. This country, inhabited by 1.4

Verification 105

Verification Laws Legal Privacy 105

Fintech News

MAY 29, 2025

In Asia, stablecoins are gaining significant attention, prompting governments to step in with efforts to regulate the sector. Singapore leads in stablecoin adoption Singapore is a regional leader in regulated innovation. This makes XSGD one of the worlds largest non-USD stablecoins.

Stablecoins 79

Stablecoins Regulations Issuers Digital Currency 79

Fintech News

FEBRUARY 2, 2025

AML/CFT regulations in Indonesia Indonesia’s AML and countering the financing of terrorism (CFT) frameworks are governed by several key laws that apply across industries, including banking, insurance and fintech, but also real estate and even art dealerships. Key AML/CFT regulations in Indonesia include Law No.

AML 105

AML Due Diligence Money Laundering Legal Framework 105

Nanonets

OCTOBER 27, 2024

Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong. Potential for Change: The occurrence of violent crime could prompt discussions among citizens and leaders about the need for laws and regulations to protect individuals and maintain order.

Laws 52

Laws Crime Returns Legal 52

The Fintech Times

APRIL 22, 2025

Both parties explored how Vietnam could establish a legal framework for crypto assets. In the meeting, Minister Nguyen Van Thang outlined the government’s plan to launch a pilot sandbox mechanism that will allow regulators to test the issuance and trading of crypto assets in a controlled environment.

Regulations 55

Regulations AML Legal Framework Money Laundering 55

The Fintech Times

NOVEMBER 29, 2024

Complimenting human agents Muj Choudhury, founder and CEO of RocketPhone For Muj Choudhury , founder and CEO of RocketPhone , the all-in-one voice platform with smart automation, regulators have a key role to play in ensuring who has the credentials to give financial advice, and in turn, utilise AI. The advisor? The consumer? The company?

AI 89

AI Advisors Credential Legal Framework 89

Fintech News

APRIL 8, 2025

According to a joint statement by the police and the Monetary Authority of Singapore (MAS) in early April, there have been at least 678 reported cases of this specific impersonation scam alone. We’re conditioned to respond promptly to authority, to comply with procedures, and to trust institutions.

Scams 91

Scams Authorization Legal Framework Crime 91

Fintech News

MARCH 3, 2025

And how will law enforcement determine who is at risk without overstepping their authority? Nizam s uggests that a more objective standard would be a better legal framework. I am not trying to rile people up against the authorities. Such omission raises concerns about how authorities might apply these powers.

Scams 75

Scams Laws Law Enforcement Authorization 75

Fintech Review

JANUARY 29, 2025

Dubai, United Arab Emirates, January 29th, 2025, FinanceWire The Securities and Commodities Authority (SCA) of the United Arab Emirates has awarded Kama Capital the prestigious Category 1 licence. Clients seek assurance that their trading partner operates within strict legal frameworks, and this licence provides precisely that.

Innovation 52

Innovation Security Legal Framework AML 52

Fintech News

FEBRUARY 11, 2025

However, as AI systems become more integrated into financial services, regulators worldwide are scrambling to develop oversight frameworks and regulations that ensure responsible usage without stifling innovation. A simplified infographic that shows the differences in AI regulations in the U.S., the EU and APAC.

AI 117

AI Regulations APACS Consumer Financial Protection Bureau (CFPB) 117