The urgent need for regulation of the "buy now, pay later" (BNPL) sector has been brought to the forefront by Labour MP Stella Creasy. She has voiced strong concerns about the vulnerability of consumers to BNPL firms, which she refers to as "legal loan sharks." Creasy argues
As artificial intelligence (AI) technologies, particularly generative AI (GenAI) models, continue to advance and embed themselves into various sectors, the challenge of managing operational and regulatory risks grows increasingly complex. Enterprises adopting these advanced AI models often face a
The financial advisory sector is currently grappling with significant regulatory challenges and a shifting focus towards client wellbeing and comprehensive financial planning. Recent data highlights the mounting difficulties faced by investment advisers in meeting the stringent requirements of
In a significant development aimed at enhancing the robustness of its business environment, China has announced the imminent launch of its first online platform dedicated to the search of overseas financial laws and regulations. This initiative underscores China’s strategic focus on adhering to the
In a significant development within the cryptocurrency sector, senior executives of Blockchain.com, a prominent London-based cryptocurrency firm valued at £5 billion, are facing legal challenges due to delayed financial filings. The company, known for its cryptocurrency wallets and trading
The Institute of Chartered Accountants of India (ICAI) has taken a significant step by developing a Standard Operating Procedure (SOP) aimed at guiding police and law enforcement agencies in the investigation and legal proceedings involving chartered accountants (CAs). This new SOP seeks to protect
