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Economic Crime and Corporate Transparency Act examined: A guide to avoiding failure-to-prevent fraud measures

The Payments Association

On 6 November 2024, the government released its guidance to organisations on the offence of failure to prevent fraud , introduced as part of the Economic Crime and Corporate Transparency Act 2023 (ECCTA). Taking proactive action Conducting a risk assessment must be a continual process for firms looking to avoid repercussions.

Crime 88
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APP fraud: Mid-year review

The Payments Association

Going forward, responsibility for tackling fraud should be shared through a proactive, whole-of-ecosystem prevention strategy, including a mandatory shared responsibility framework among government, financial institutions, telcos, and tech platforms, as well as enhanced collaboration with overseas authorities.

Scams 88
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Global Fintech Forum 2025: Starting UK Fintech Week with a Bang

The Fintech Times

Hosted at the I nstitute of Directors by the Department for Business and Trade , alongside HM Treasury and the Office for Investment, the event gathered international investors, government officials, fintech founders and trade envoys to reaffirm the UKs ambition to lead on the global fintech stage.

FinTech 64
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Market First, Regulation Later? The American Open Banking Journey

Open Banking Excellence

However, unlike the UK and Europe, where government-led open banking regulations have led adoption, lacking a comprehensive federal mandate has had negative consequences for the market. are not solely governed at the federal level; instead, they are significantly influenced by state-level policies. Financial regulations in the U.S.

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Finovate Global: Talking Fintech Regulation in the European Union with EverC’s Maya Shabi

Finovate

The regulatory landscape for fintechs and financial services companies operating in the European Union is expected to undergo significant changes this year, with new standards, guidelines, and rules governing payments, data privacy, digital assets, and more. The EU AI Act passed in 2024.

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Beginner's guide to ChatGPT

Nanonets

Continue the story after the words "The trees, the mountains and the rivers cried."”  Moral Implications: Even in the absence of legal frameworks, many people have a moral compass that dictates what is right and wrong.

Laws 52
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Decentralised Autonomous Organisations (DAOs): Governance and Innovation

Fintech Review

Decentralised Autonomous Organisations (DAOs) are transforming the governance structures within the blockchain and cryptocurrency spaces. Operating without central authority, DAOs promote decentralised decision-making, with the promise of democratising governance across various sectors. What Are DAOs?