Tag: FCA
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More ↗: Nike Faces Lawsuit Over NFT Project ShutdownNike Faces Lawsuit Over NFT Project Shutdown
Nike faces a class-action lawsuit from NFT buyers after its affiliated studio RTFKT announced a shutdown, claiming significant financial losses due to diminished demand for…
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More ↗: The UK Introduces a New Type of Sanction — Director Disqualification. What Does It Mean for Your Business?The UK Introduces a New Type of Sanction — Director Disqualification. What Does It Mean for Your Business?
On April 9, 2025, the UK introduced director disqualification as a new sanction under the Sanctions and Anti-Money Laundering Act. This ban impacts both local…
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More ↗: OKX to Pay Over Half a Billion Dollars! Could Your Company Be Next?OKX to Pay Over Half a Billion Dollars! Could Your Company Be Next?
Cryptocurrency exchange OKX has settled with the U.S. Department of Justice, paying over $504 million due to operating an unlicensed money transmission business. The company…
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More ↗: The Travel Rule in Crypto: What You Need to KnowThe Travel Rule in Crypto: What You Need to Know
The Travel Rule requires financial institutions and Virtual Asset Service Providers to collect and share sender and receiver information for cryptocurrency transactions above a certain…
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More ↗: SOF and SOW in Cryptocurrency: Why Source of Funds and Wealth Are Essential for Compliance and Business GrowthSOF and SOW in Cryptocurrency: Why Source of Funds and Wealth Are Essential for Compliance and Business Growth
Source of Funds (SOF) and Source of Wealth (SOW) are vital for compliance in cryptocurrency, helping combat financial crime and ensuring regulatory adherence. They build…
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More ↗: Is your financial business ready to survive without a quality AML/KYC policy?Is your financial business ready to survive without a quality AML/KYC policy?
Is your financial business ready to survive without a quality AML/KYC policy? In today’s world, the lack of an effective anti-money laundering (AML) and customer…
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More ↗: GB IBANs for Crypto Companies? Yes, It’s Finally Here!GB IBANs for Crypto Companies? Yes, It’s Finally Here!
FinanceIQ Hub now offers GB IBANs for cryptocurrency companies with a European license, providing access to a GBP bank account, personal GB IBANs, and local…
FinanceIQ Hub 