By PlanetCompliance, October 18, 2017 [ABC insights , AML insights , Compliance , Legal , MLRO , Operations , Risk Management , Thought Leadership , Uncategorized] Up until now, the UK have allowed merchants to create a relatively frictionless on-boarding process using historic database data matching. As such, the use of historic data from data brokers has been a very popular …

By PlanetCompliance, October 17, 2017 [Compliance , Insights , IT , Legal , RegTech directory , Senior Management] RegTech is finally receiving the attention it deserves, but communication and collaboration are key to advance it further. Events like conferences, round tables etc are perfect for this and you can learn a ton on …

By PlanetCompliance, October 16, 2017 [Compliance , ESMA , European Union , Market Abuse Regulation , MiFID II , News from the EU] The European Securities and Markets Authority (ESMA) has today launched the second phase of its Financial Instrument Reference Database (FIRDS). The launch involves providing access to the database containing the currently available reference data that will eventually …

By PlanetCompliance, October 13, 2017 [Alternative Finance insights , Angel Investing, Venture Capital and Private Equity insights , Blockchain , Blockchain & Smart Contracts Insights , Cryptocurrencies] Most people don’t want to admit it, but with 200 million books in print and around 2,500 titles most of us must at some point come across the “For Dummies” series, which covers everything from …

By PlanetCompliance, October 13, 2017 [Compliance , Financial Stability Board , IT] The Financial Stability Board (FSB) today published the results of a stocktake on cybersecurity regulations, guidance and supervisory practices which had been delivered to this week’s meeting of G20 Finance Ministers and Central Bank Governors …

By PlanetCompliance, October 9, 2017 [Alternative Finance , Alternative Finance insights , Angel Investing, Venture Capital and Private Equity insights , Blockchain , Blockchain & Smart Contracts Insights , Cryptocurrencies , Insights] How do you invest in an ICO and make sure you back the right coin? At the time of writing this article dozens of Initial Coin Offerings are underway and plenty more a lined up …

By PlanetCompliance, September 29, 2017 [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 …

By PlanetCompliance, September 27, 2017 [Alternative Finance , Alternative Finance insights , Angel Investing, Venture Capital and Private Equity insights , Angel Investors, Venture Capital & Private Equity , Blockchain , Crowdfunding , Cryptocurrencies , Insights , Microfinance , Social Lending] When you talk about a Unicorn in Finance, you talk about a start-up that is valued at $1billion and more. The term was coined by venture capital investor Aileen Lee and when she created the …

By PlanetCompliance, September 26, 2017 [Compliance , EBA , European Union , News from the EU , Senior Management] The European Banking Authority (EBA) has published today its revised Guidelines on Internal Governance. These Guidelines aim at further harmonising institutions’ internal governance arrangements, processes and mechanisms across the EU, in line with the new …

By PlanetCompliance, September 26, 2017 [Compliance , EBA , ESMA , European Union , MiFID II , News from the EU] The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published their joint Guidelines to assess the suitability of members of management bodies and key function holders. The authorities issued these guidelines in …

By PlanetCompliance, September 22, 2017 [Alternative Finance , Blockchain , Crowdfunding , Cryptocurrencies] The financial regulator of Gibraltar, the Gibraltar Financial Services Commission (GFSC) has published a warning in respect of token sales. Similar to other authorities around the globe, Gibraltar, too, warns investor to be cautious when …

By PlanetCompliance, September 22, 2017 [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 …

By PlanetCompliance, September 21, 2017 [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 …