Our monthly compliance newsletter (German and English articles) contains many articles worth reading in the areas of regulatory compliance, white collar crime, corruption, bribery, cryptocurrency compliance as well as ESG compliance.
We wish you an exciting read and a wonderful Christmas break.
With best regards
Your KYC Spider Team
P.S.: You will receive the next issue on January 19, 2022.
As financial crime techniques become more sophisticated, organizations are adopting the latest in technology to protect themselves and customers against criminal activities such as money laundering, fraud, and terrorist financing.
In the latest report of the EBA you find detailed guidelines on policies and procedures in relation to compliance management and the role and responsibilities of the AML/CFT Compliance Officer.
Export-oriented Swiss companies often find themselves confronted with corruption and the associated risks. Particular risks arise when companies work with agents, local sales partners and other third parties. A new guide from the Swiss chapter of Transparency International supports SMEs in adequately dealing with such risks.
Der Ukrainekrieg und die Bedrohung Taiwans hinterlassen Spuren: Der Umgang mit Sanktionen und deren Vermeidung sind zu den wichtigsten Aufgaben von Compliance-Managern geworden.
Deutschland war skeptisch. Dennoch haben sich die EU-Staaten auf eine Bargeldobergrenze von 10.000 Euro verständigt. Zudem sind Beschränkungen für Kryptowährungen wie Bitcoin geplant.
FTX sounded like the perfect American success story. A twentysomething philanthropic MIT graduate had managed in four years to create one of the largest and most trusted crypto exchange platforms. (Article also available in German)
Sensitive business data and personal data requiring special protection must be transmitted securely. The sender cannot control the route/path taken by the data packets sent to the destination address. Digital highwaymen lurk on the Internet to hijack data packets (route hijacking). (Article also available in German)
KYC Spider AG is now cooperating with CURENTIS AG and can offer customers not only digital, automatable compliance solutions but also consulting services for compliance and risk management issues.
KYC Spider is pleased to announce a new partnership with Abacus Research AG (hereinafter "Abacus"). With around 700 employees, Abacus is the leading Swiss manufacturer of business software for SMEs.
KYC Spider’s CEO and the CEO of KYC Spider's partner IAMX were interviewed on the topic of digital identity and KYC. The almost 30-minute video explains in a simple way how KYC can be easily integrated in a Web3 context.
The Cardano Summit took place in November in Lausanne. Around 2,000 people attended the event and another 50,000 followed the event via live stream at local conferences in 6 time zones. KYC Spider’sCEO was on stage together with the CEO of our partner IAMX.
After the FTX bankruptcy, it is essential to understand how crypto businesses can create safe and robust crypto custody solutions. In this webinar, you learn about the implications of the recent collapse, receive insights on building robust compliance, risk management & due diligence processes. Today at 6pm CET.
Fintech Innovators has released its annual report featuring the most exciting and fastest-growing fintech and insurtech companies across the DACH region. Produced in collaboration with Inno Invest, German Accelerator, KPMG and Amazon Web Services, the report highlights more than 110 ventures.
Swiss digital asset bank Sygnum has received in-principle approval from the Abu Dhabi Global Market’s Financial Services Regulatory Authority to expand to the city. The approval allows the company to access Abu Dhabi’s established wealth management market and the opportunity to offer its crypto services.
Financial services app SWISS4.0 has been granted a fintech license by the FINMA to operate as a financial institution. The firm said that it is the first Geneva-based fintech to receive the FINMA fintech license and the fourth in Switzerland to do so since the license was introduced in 2018.
In this first of a series of articles on risk management in banks, McKinsey explores perspectives of chief risk officers from some of the world’s leading banks on the evolving context and priorities.
Kryptowährungen sacken ab, der nächste Kryptoverleiher steht vor der Insolvenz. Die Krypto-Schweiz sieht sich in diesen unsicheren Zeiten als Fels in der Brandung.
HashKey Digital Asset Group and SEBA Bank have announced a new strategic partnership which will see both financial services groups leverage their digital asset service offerings as well as custody and asset management products to accelerate the institutional adoption of digital assets in Hong Kong and in CH.
Currency speculation was once the preserve of banking institutions, governments, and investment funds. But with cryptocurrency, it's being sold to the public as casino entertainment.
Some market players are purposely avoiding regulation in the crypto space. The EU agreed in June on the Markets in Crypto-Assets (MiCA) regulation. This is meant to reduce risks for consumers buying crypto assets.
Binance has faced compliance warnings from many countries over the past couple of years, but it managed to overcome those shortcomings in most nations barring the U.S.
Die FINMA hat analysiert, wie die grössten Banken und Versicherungsunternehmen erstmals nach Vorgabe des FINMA-Offenlegungsrundschreiben ihre klimabezogenen Finanzrisiken offenlegen. Ihre wesentlichen Erkenntnisse hierzu hält die FINMA in einer Aufsichtsmitteilung fest.
Der Bundesrat will bei der nachhaltigen Unternehmensführung auch künftig eine international abgestimmte Regelung. Ein Bericht zeigt auf, inwiefern sich das Schweizer Recht von den beschlossenen und geplanten EU-Regulierungen unterscheidet.
Electric-vehicle penetration is the biggest driver of oil demand declines in the energy transition. However, emerging supply bottlenecks for key battery materials could be an unexpected barrier.
Die US-Behörden setzen den Luzerner Treuhänder Alexander Studhalter und seine Söhne auf die Sanktionsliste. Es ist dies auch eine generelle Warnung an Schweizer Anwälte und Treuhänder, mit Sanktionierten zu geschäften.
Deutschland gilt als Geldwäscheparadies. Eine Zollbehörde soll das ändern. Doch die FIU ist mit der Bearbeitung von Verdachtsmeldungen offenbar heillos überfordert. Allein für den Zeitraum zwischen Januar 2020 und Ende September 2022 seien 100.963 Verdachtsmeldungen unbearbeitet liegen geblieben.
Swiss Attorney General Stefan Blättler has called for stronger action against the Italian mafia which is suspected of operating in locations across the country.
EU-Behörden haben einen komplexen internationalen Steuerbetrug über 2,2 Milliarden Euro aufgedeckt. Beim »vermutlich größten jemals in der EU ermittelten Mehrwertsteuerbetrug« seien Hunderte Menschen in 9000 Firmen in 26 Mitgliedstaaten beteiligt gewesen.
Today at 6pm CET. After the FTX bankruptcy, it is essential to understand how crypto businesses can create safe and robust crypto custody solutions. In this webinar, you learn about the implications of the recent collapse, receive insights on building robust compliance, risk management & due diligence processes.
Merkle Science, 15.12.2022
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