Reported by SAVANNAH FORTIS The Financial Supervisory Commission (FSC) of Taiwan introduced new Anti-Money Laundering (AML) regulations that all local virtual asset service providers (VASPs) must comply with by 2025. On Oct. 2, the FSC released updated AML measures following earlier amendments proposed by the financial watchdog. Taiwan has been expected to roll out new crypto-related regulations since March.  […]

Reported by Shekina Tuahene The Financial Conduct Authority (FCA) has fined Starling Bank £29m for failing to stop customers involved in criminal activities from having an account.  The failings related to its ‘financial sanctions screening’, which is the process of identifying whether individuals may be considered high-risk or be subject to economic sanctions and to […]