Understanding Regulation: Explore insights on regulatory frameworks, compliance strategies, and industry developments with Muinmos.
A Recent Development It is no secret that the UK FCA has been put under considerable pressure in the past year to ease up regulation in order to “support growth”. This has led the FCA to perform a series of regulatory changes, the latest of those initiatives announced on the 29th of September 2025, in […]
A Possible Farewell to the Consumer Duty, and Business Opportunities in Compliance Read More »
This happens too often – a financial institution mis-sells a financial product and loses its license. This happens everywhere – in Oman, for example, the FSA recently revoked the license of a company named CSI Financial, after the latter marketed financial products it was not allowed to market. This happens unnecessarily – as you can easily
The Benefits of One Connected Solution, Rather Than Several Points Solution Read More »
Usually, regulators are not ahead of the private market. However, when it comes to consolidation of processes and functions, so it seems they are now pointing the way to financial institutions worldwide. Here is what the titanic shift in global AML supervisory practices can teach us about the KYC/AML solution of tomorrow. Regulation is Local,
Supervision Goes Global, and So Should your KYC/AML Solution Read More »
In recent months, several regulators worldwide have issued opinions regarding various aspects of RegTech solutions, such as the capabilities they should have, how they should be implemented, and the risks involved with their usage. These detailed documents touch upon a wide range of topics. However, it is interesting to note they all express the idea
In past years, financial and other institutions have focused heavily on improving compliance and customer experience related to the onboarding and lifecycle management of individual clients (know as KYC – Know Your Customer). Technological improvements and the move away from manual processes have helped many firms take significant steps towards STP (“Straight Through Processing”) onboarding
The UK FCA dispatched a letter to the British PM, declaring “A New Approach to Ensure Regulators and Regulations Support Growth”. In the letter, the FCA states it is willing to take a more risky regulatory approach, in order to assist financial growth. “To achieve the deep reforms necessary, your acceptance that we will take
Abstract The very approach to financial regulation is changing these very days. Fast-paced, wide-scale disruptive technologies such as Gen AI have propelled a fundamental, global shift from Prescriptive Regulation to Agile Regulation. Agile Regulation is a concept that includes several types of regulatory strategies, and primarily Outcome-focused Regulation (OFR). OFR, as its name suggests, focuses
MiCA and the Digital Finance Package On the 24th of September 2020, the EU introduced its “digital finance package”. The “package” was a bundle of suggested legislative and policy measures aiming to: The EU hoped the digital finance package “would unleash European innovation and create opportunities to develop better financial products for consumers, including for
How to Choose the Right Onboarding Solution for MiCA Compliance Read More »
Introduction The financial services industry, particularly the FX sector, operates in a dynamic regulatory environment. For example, in the EU, MiFID II and MiFIR are currently in a comprehensive review process, scheduled to proceed well into 2025, and include major changes to, among other things, derivatives transparency requirements. And this is, of course, just one
Navigating the Evolving Regulatory Landscape in the FX Industry Read More »
Muinmos is thrilled to have been named Best KYC Provider in the B2B Global Forex Awards 2024. This category recognises the best-of-breed KYC vendor, providing the most complete and fully automated KYC/AML solution, combating financial crime while also improving the end-client’s onboarding experience. This is the fifth consecutive year that the rapidly growing RegTech has
Muinmos Wins 2024 Global Forex Award for Best KYC Provider Read More »