Skip to content
Home » Archives for firoz_rambee » Page 3

firoz_rambee

Collaboration and Coordination Amongst Regulators

Earlier this month, acting Comptroller of the OCC, Michael Hsu, gave a thought-provoking speech before the British American Business Transatlantic Finance Forum. Comptroller Hsu discussed the mainstreaming of crypto despite regulatory and legal uncertainty and highlights the attention stablecoins are receiving from regulators, and the trust stablecoins… Read More »Collaboration and Coordination Amongst Regulators

US banking agencies’ future plans to regulate cryptocurrencies

Continuing the trend of increasing oversight of cryptocurrencies, on November 23 the Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and Office of the Comptroller of the Currency (the “Agencies”) issued a joint statement describing their recent “policy sprints” regarding future cryptocurrency regulation.… Read More »US banking agencies’ future plans to regulate cryptocurrencies

OCC Acting Comptroller discusses “Modernizing the Financial Regulatory Perimeter”

Earlier this month OCC Interim Head Michael Hsu discussed “Modernizing the Financial Regulatory Perimeter”. Interesting points were raised regarding the market capitalization of the fintech industry today, and where it was 5 years ago. In addition, the lack of consolidated supervision over fintech and crypto… Read More »OCC Acting Comptroller discusses “Modernizing the Financial Regulatory Perimeter”

OFAC Issues Virtual Currency Guidance

On October 15, the Treasury Department’s Office of Foreign Assets Control (“OFAC”) published tailored guidance for the cryptocurrency industry. The guidance is designed to assist those in the virtual currency industry in: Evaluating sanctions-related risks in their lines of business; Building a risk-based sanctions compliance program; Protecting… Read More »OFAC Issues Virtual Currency Guidance

FINRA urges firms to implement FinCEN’s AML/CFT Priorities

Reinforcing the need to implement strong AML controls, FINRA issued a Notice to Members encouraging firms to begin incorporating FinCEN’s recently issued AML/CFT Priorities into their AML programs. FINRA highlighted the need to update AML ‘red flags’ to include factors such as customers’ business activities, size, the geographic locations… Read More »FINRA urges firms to implement FinCEN’s AML/CFT Priorities

Book a Demo

    Download Product Sheet

      Subscribe to our Newsletter