In the world of compliance, there are two main regulatory approaches: how-to-do-things regulations and how-to-report-things regulations. Depending on the regulation type, the compliance and implementation strategy can be dramatically different. In this episode, we explore how smart fintech companies can leverage a specific regulatory approach to grow and optimize their Read more…
Let’s talk about how to prepare for Fit and Proper interviews with regulators. First of all, these interviews don’t happen always. In fact, they are more likely to happen if this is your first-time MLRO, Director, or Board Member role and you are relatively young. In many cases, regulators have Read more…
If youāve been asked to attend an interview with a regulator, donāt panic! In this episode, I share my advice on how to approach these interviews and the types of questions to expect. If you found value in this episode, I would really appreciate it if you could leave a Read more…
The US regulators have recently gone to the mattresses against Coinbase, Paxos, Binance, staking, and stablecoins (…) and issued a number of enforcement. Let’s unpack it, shall we? Why do the US regulators have an issue with staking activities? Staking activities and āstakingā or āearnā programs could mean many different activities. Read more…
In this episode, I share my analysis of why US regulators have recently gone on a crusade of enforcement in the crypto space, using Kraken, Paxos, and Binance as prime examples to highlight the issues that are being experienced by FinTech organizations currently. If you found value in this episode, Read more…
I’d like to share with you my observations about the similarities and differences between these 4 countries in terms of their FinTech regulatory approach. Ireland Liechtenstein Lithuania Luxembourg Is there something specific you’d like to know? Don’t hesitate to ask! š Start listening to this episode on the Compliance That Makes Read more…
In this episode, I explore some advantages and disadvantages of establishing a startup in the FinTech hubs of Luxembourg, Lichtenstein, Ireland, and Lithuania. A perfect environment does not exist, but this episode should give you clarity around which country will be best suited to you and your company. WORKSHOP ANNOUNCEMENT: Read more…
The FinTech Compliance Self-Starter PackageĀ has been fully updated for 2023 and the price goes up in just a few days on February 1st, 2023! This product is right for you if: What is included: Recorded workshops and video training: My templates are tested by dozens of FinTech professionals and hundreds Read more…
In January 2023, Coinbase reached a settlement agreement with the New York State Department of Financial Services and agreed to pay a $50 million fine.Ā The settlement will also require Coinbase to invest an additional $50 million over the next two years to improve its compliance program. All the news outlets Read more…
The New York State Department of Financial Services recently fined Coinbase, and since then, there have been harsh (and in my opinion, false) accusations made against the company. In this episode, I share my thoughts on why Coinbase ended up in this position and what it could have done to Read more…