Elizabeth Lumley

1 week ago | compliancecorylated.com | Niece Prayoonrat |Elizabeth Lumley |Rachel Wolcott

The International Criminal Police Organization (Interpol) issued its second-ever silver notice on behalf of the UK on April 11. This will allow the UK National Crime Agency (NCA) to obtain information from overseas in its efforts to track down more than £8.5 million of assets laundered by a London-based fraudster. Interpol notices are part of its cross-border alert system for law enforcement agencies to share information on wanted persons.

2 weeks ago | compliancecorylated.com | Niece Prayoonrat |Elizabeth Lumley

Investment consultants should be fully regulated by the Financial Conduct Authority (FCA), said the UK Sustainable Investment and Finance Association (UKSIF) in a report published on April 10. Some consultantsʼ activities — including advice to pension funds on specific products and services — are already regulated but key activities, including high-level strategic asset allocation and the selection of fund managers, are not.

2 weeks ago | compliancecorylated.com | Elizabeth Lumley

The financial services industry is readying to embrace the advent of ‘super wallets’, which extend mobile payment services beyond being a proxy for cash. Over the past two decades, various mobile wallets have emerged — outside the global regulated financial system — that offer consumers an easier way to buy goods online or in person. These range from merchants, such as Starbucks, to big tech companies like Apple and Google.

3 weeks ago | compliancecorylated.com | Elizabeth Lumley

The US Securities and Exchange Commission’s (SEC) Crypto Task Force kicked off a series of roundtables this month, designed to devise a regulatory approach to crypto asset activities. The first event on March 21, attended by securities law experts, was entitled “How we got here and how we get out — Defining security status”.

1 month ago | compliancecorylated.com | Elizabeth Lumley

The slow pace and changing nature of the UK Financial Conduct Authority’s (FCA) digital asset regulatory roadmap attracted almost universal criticism at a recent industry conference in London. Attendees at the Stablecoin Symposium were equally frustrated by the European Union’s Markets in Crypto-Assets regulation (MiCA) — deeming it “a mess” — as well as global regulators’ focus on the “singleness of money” idea.