A legal entity in a new country is not an asset, it’s a liability. In fact, 99% of new legal entities within FinTech corporate structures that I see are not needed, will never create new opportunities, and will likely hurt the growth capacity of that organization. So, if you want Read more…
Gap Analysis is a terrible and most inefficient approach to assess any FinTech compliance project. You may be thinking: “Wait, what? Isn’t it how you are supposed to start your compliance analysis..?” Well, yes, we all were indoctrinated to believe and act that way, this is what all compliance gurus Read more…
Binance CEO CZ agreed to step down from the exchange in November 2023. He pleaded guilty to a money laundering charge and admitted that Binance did not implement proper KYC/AML processes, did not file suspicious activity reports, and knowingly allowed criminals and sanctioned individuals to transact on Binance. Binance will pay a $4.3 Read more…
Many FinTech CEOs sometimes find themselves frustrated and helpless when they have to make decisions about compliance. They believe that they are very objective, pragmatic, and data-driven, but in reality, they make a lot of irrational and impulsive decisions that further slow down their compliance and business. Here are some Read more…
Most of my latest projects are in the UAE. But here’s the twist – it’s not just about having the holding company or one founder living in Dubai anymore. Companies are going all-in, getting licenses in the UAE, and turning it into their global HQ for all things finance, planning Read more…
Many struggling compliance experts believe that to have better compliance and better risk management they need more time, better tools, and more resources. That is how you have probably been trained for years. You have been led to believe that in order to deliver your best, most accurate, most comprehensive, Read more…
For various reasons which I share in today’s episode, many FinTech companies are now establishing their global headquarters in the UAE. Tune in today to hear how the UAE has become the new Switzerland when it comes to the FinTech space! If you found value in this episode, I would Read more…
Are you a FinTech Founder or the CEO contemplating how much funds and engineering resources to allocate to your compliance team during the next 12 months? – READ THIS FIRST! You may have tried some of the following strategies, but saw very little improvements, right? The reason why you may Read more…
If “Nothing bad happened” is your best FinTech compliance result for 2023 and feels like a miracle, READ THIS NOW! If at least one of these examples feels true to you, you are definitely not alone. Most FinTech compliance experts are not afraid of hard work, have extremely high work Read more…
Let’s talk about FATF and whether or not their recent initiatives are doing more good or harm for FinTech and crypto. The Financial Action Task Force (FATF) constantly introduces new measures and updates to combat money laundering, terrorist financing, and other financial crimes. On the surface, their initiatives aim to Read more…