The Payments Association

FEBRUARY 14, 2025

Firms should be prepared for more onerous record-keeping and reporting requirements and factor in the costs of additional compliance obligations, including holding client funds under statutory trust. Employees should be well-versed in the safeguarding procedures and understand their role in protecting customer funds.

Stablecoins

FloQast

OCTOBER 27, 2023

While it can feel burdensome, compliance management has become a critical risk management feature and is too important to ignore. Unfortunately, compliance management is no walk in the park. Write clear internal policies and procedures : Staff at all levels must understand the rules.

Compliance

The Fintech Times

SEPTEMBER 4, 2024

In response, compliance teams must integrate sophisticated risk management across supply networks and third-party relationships. The regulation, coming into force in January 2025, will add the complexity of enhanced governance across the entire supply chain.

Compliance

FICO

JANUARY 5, 2023

In March 2022, the Securities and Exchange Commission (SEC) issued proposed rules regarding cybersecurity risk management, strategy, governance, and incident disclosure for public companies subject to the reporting requirements of the Securities Exchange Act of 1934.

BNPL

The Payments Association

OCTOBER 11, 2024

He adds: “These could result in increased supervisory and enforcement action from the FCA, as it will have a lot more data and will likely aim to use this to identify and take action against firms that consistently fail to meet its requirements.

Due Diligence

FloQast

DECEMBER 13, 2023

SOX controls , also known as SOX 404 controls, are processes, policies, and procedures aimed to prevent and detect errors in a company’s financial reporting process. They are best placed to assess the adequacy of internal controls and procedures.

Compliance

The Payments Association

APRIL 14, 2025

Under this provision, large organisations can be held criminally liable if they do not have reasonable procedures in place to stop fraud committed by their employees, agents, or subsidiaries where the intent was to benefit the organisation or its clients.

Regulations