What Is General Data Protection Regulation (GDPR)?
Key Takeaways: The General Data Protection Regulation (GDPR) is an EU law that governs how personal data of individuals is collected, processed, and protected by organizations. Organizations must obtain clear, informed consent from individuals before collecting or processing their personal data. GDPR grants individuals rights such as access, rectification, erasure, and data portability regarding their […]
What Is Counter-Terrorist Financing (CTF)?
Terrorism: A Global Threat and the Rise of CTF There is no doubt that terrorism has wrecked lives, properties, industries, and economies across the globe. In addition to destroying lives and infrastructure, terrorist activities have a profound impact on societies and economies. Terrorism characterizes itself through indiscriminate violence and the use of fear and intimidation […]
2025 IRS Proposed Regulations for Digital Asset Reporting
Introduction: Exploring the Impact of Digital Assets on Global Finance On August 25, 2023, the US Treasury Department and IRS proposed new regulations for digital assets, set to take effect on January 1, 2025. These regulations aim to bring the tax reporting for digital assets in line with that of traditional financial instruments. Under the […]
Know Your Donor (KYD): Customer Due Diligence for Charities
Introduction: Charities and The KYD Approach Charities are a vital part of civil society, helping to bridge gaps in social services and address pressing issues. They are non-profit entities dedicated to improving the well-being of individuals, communities, and the environment. Charities tackle various social problems such as poverty, hunger, homelessness, healthcare, education, disaster relief, animal […]
Canada’s Data Privacy Law: PIPEDA Explained
PIPEDA, the Personal Information Protection and Electronic Documents Act, is a federal privacy law in Canada that governs private sector organizations’ collection, use, and disclosure of personal information. It came into law on April 13, 2000, and started being implemented from January 1, 2001, through January 1, 2004. Since then, it has played a crucial […]
What Is MiCA Regulation? (Markets in Crypto-Assets)
A sector without regulations is vulnerable to manipulation by bad actors and puts the safety of many unwary citizens in danger. Cryptocurrencies like Bitcoin and blockchain projects have grown rapidly, causing excitement and concerns in the EU. It has also sparked a profound transformation of the financial landscape. From Bitcoin’s inception in 2009 to the […]
What Is Know Your Business (KYB)?
Key Takeaways: Know Your Business (KYB) is the process businesses undertake to verify the legitimacy and identity of other businesses they interact with. This helps prevent money laundering, fraud, and other financial crimes Many regulations require businesses to perform KYC checks on their partners. KYB helps businesses comply with these regulations and avoid financial penalties. […]
Blockchain Regulatory Certainty Act: Fostering Trust in the Industry
The blockchain landscape is evolving quickly, with new applications and technologies being developed daily. As the industry grows, the need for clear regulations becomes more critical than ever. To meet this need, the Blockchain Regulatory Certainty Act has been proposed, aiming to provide a more robust framework for blockchain and cryptocurrency technologies in the future. […]
Navigating CPRA: Challenges and Solutions for Businesses
The CPRA’s impact is two-fold, like a coin with two sides. On one side, consumers are rejoicing over the increased privacy protections. Conversely, companies and large businesses are struggling to find solutions to stay compliant while ensuring their revenue stays active. The impact of the CPRA on marketing and advertising is particularly noteworthy, and the […]
