By , [ABC insights , Alternative Finance , Alternative Finance insights , AML insights , Blockchain , Blockchain & Smart Contracts Insights , Compliance , Cryptocurrencies , Insights , IT , Legal , MLRO , Switzerland] Switzerland confirms that it is investigating a number of ICOs and is willing to take enforcement action. What started with the SEC’s statement on The DAO, is now becoming more and more reality, though it …

European watchdogs provide guidance to prevent terrorist financing and money laundering in electronic fund transfers

By , [Compliance , EBA , EIOPA , ESMA , Europe , European Union , MLRO , News from the EU , Payments and Cash Management] The Joint Committee of the three European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published today guidelines to prevent the abuse of funds transfers for terrorist financing and money laundering purposes. These guidelines are …

ECB publishes for consultation draft guides to bank licensing and fintech bank licensing

By , [Alternative Finance , Blockchain , Compliance , Crowdfunding , Cryptocurrencies , European Union , IT , Microfinance , News from the EU , Social Lending] The European Central Bank (ECB) today launched a public consultation on two draft guides which explain the process of how entities can become banks and obtain a banking licence. The first document, the draft guide …