Compliance, Travel Rule FATF Releases Updated VASP Guidance for public consultation As promised following its plenary session in February, the FATF has now released its draft guidance for Virtual Asset Service Providers (VASPs) for public consultation. In this article, we take a look at some of the key updates and suggestions. 29 Mar 2021
Compliance Software, Regulation The FATF announces updated VASP guidance At the end of February the Financial Action Task Force (FATF) outlined a range of new measures and updates aimed at strengthening its Strategic Initiatives, with particular attention paid to VASPs. 11 Mar 2021
Kyc Solution, RegTech, Regulation, Travel Rule 2020 Travel Rule Development Review Arguably one of the biggest drivers of innovation in the regtech industry has been the movement to accelerate adoption of the FATF’s Recommendation 16 – commonly referred to as the Travel Rule. That expansion has sparked a wide range of new developments, initiatives and solutions, which we cover in this article. 30 Dec 2020
Compliance, Cryptocurrency, FATF, Regulation, Travel Rule FATF Travel Rule for VASPs: Challenges and Next Steps In June 2019, the Financial Action Task Force (FATF) updated its Travel Rule to include VASPs. A year on, VASPs and national regulators still face many challenges in implementing the Recommendation. However, positive steps have been taken to help bring the growing sector into the regulatory fold of the broader financial industry. 18 Sep 2020
Compliance, Data Protection, GDPR, Regulation The Biggest GDPR Fines to Date Since GDPR came into effect, fines for non-compliance are becoming more and more common. Here’s an updated list of the largest fines so far. 9 Mar 2020
Compliance, Europe, GDPR, Regulation What is a Data Protection Officer? With the advent of GDPR, having a data protection officer is now required by law for many companies. Here’s all you need to know. 30 Oct 2019
Compliance, Europe, Privacy, Regulation New European Privacy Laws All of us have a deeply ingrained need for privacy. The notion that every aspect of our lives should be subject to public scrutiny is appalling to most of us. We need time and space to exist on our own. 3 Jul 2019