In a significant policy shift, the Federal Deposit Insurance Corp. (FDIC) has updated its stance on cryptocurrency regulations for banks, allowing them to engage in crypto-related activities without prior approval. This change marks a notable departure from the previous strict oversight mandate
In a recent address, AUSTRAC CEO Brendan Thomas issued a stern warning to pubs and clubs regarding their practices surrounding anti-money laundering (AML) compliance. Emphasizing that AML responsibilities cannot be managed through a "one-size-fits-all" or "set-and-forget
The financial sector is an ever-changing domain that requires constant adaptation. Credit unions are committed to evolving alongside technological advancements and regulatory frameworks. This article explores how credit unions are meeting these challenges head-on. Credit unions are member-owned
A coalition of leading industrial real estate investment trusts (REITs) has announced an update to their methodology for calculating key non-GAAP property metrics. This move aims to improve consistency and comparability across the sector, benefiting investors, analysts, and other stakeholders. The
The financial sector faces unprecedented challenges and opportunities in the pursuit of resilience. From adopting innovative technologies to bolstering regulatory frameworks, firms must navigate a complex web of risks and opportunities. This article delves into the multifaceted strategies essential
The financial landscape is evolving at an unprecedented pace, presenting both challenges and opportunities for banks, especially in the Middle East. With regulatory complexities on the rise and market conditions becoming increasingly unpredictable, Middle Eastern banks must adopt innovative
