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BusinessIs ‘Greenwashing’ Creeping Into Procurement Departments?
FinanceCross-Border Payments: The Privileges of the Present and the Possibilities of the Future
TechnologyWhat Legal Technology Can Teach the World of Finance
BusinessThe Role of Governance and Controls in Meeting Changing ESG Expectations
U.S. Crypto Exchange Coinbase Wins Regulatory Nod in Italy
Date: July 18, 2022
By Akriti Sharma and Tom Wilson (Reuters) -Major U.S. crypto exchange Coinbase Global Inc has won approval from Italian regulators to continue to serve customers in Italy, it said in a blog on Monday. Coinbase said it had met requirements from the Organismo Agenti e Mediatori (OAM), which oversees financial agents and credit brokers in...
Dutch Central Bank Fines Binance 3.3 Million Euros
Date: July 18, 2022
AMSTERDAM (Reuters) -The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) for offering services in the Netherlands without being registered in the country. The fine was issued against Binance Holdings Ltd. in April 2022, following a public warning issued against Binance...
Global Crypto Rules Needed to Keep Markets Clean, Says UK Watchdog
Date: July 14, 2022
By Huw Jones LONDON (Reuters) – Global rules are needed to regulate international crypto firms like Binance and “keep markets clean”, Britain’s Financial Conduct Authority said on Thursday. Crypto firms are largely unregulated across much of the world but are required in many countries to show they have adequate controls to combat money laundering. The...
How to Bolster Operational Resilience for Financial Services in Three Steps
Date: July 14, 2022
By Pete Bowers, COO at NormCyber Great changes are afoot in the financial services sector after new operational resilience rules and guidelines came into force on 31st March 2022. These rules govern the actions businesses must take to prevent, adapt and respond to, recover and learn from various forms of operational disruptions, and require that...
Vw Defeat Devices Were Illegal in Certain Conditions, EU’s Top Court Says
Date: July 14, 2022
By Kate Abnett and Victoria Waldersee BRUSSELS (Reuters) -Volkswagen AG (VOWG_p.DE) software that altered car emissions constituted an illegal defeat device in certain driving conditions, the EU’s top court ruled on Thursday, while the automaker said the ruling confirmed its software was legal. The Court of Justice of the European Union’s (CJEU) ruling is the...
10 Questions CFOs Must Ask Themselves About Privacy
Date: July 14, 2022
Busy CFOs might see privacy as an unwanted burden on their schedules. But failing to invest in privacy is a false economy when it leads to fines and reputational damage. By NIGEL JONES, Co Founder of The Privacy Compliance Hub As the Chief Financial Officer (CFO) of a growing business, we know you often find...