Kucoin told to halt new EU business due to compliance staffing shortfalls
02 Mar
Business News

Kucoin told to halt new EU business due to compliance staffing shortfalls

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Business Business Kucoin told to halt new EU business due to compliance staffing shortfallsBusiness Austria's financial regulator said Kucoin EU must appoint an anti-money-laundering officer and deputy officer, as well as a sanctions compliance officer and deputy. Feb 23, 2026, 10:24 a.m. Austria's financial regulator said it prohibited the European arm of KuCoin from conducting new business and onboarding customers after the crypto exchange lost key compliance staff just months after gaining a Markets in Crypto Assets (MiCA) permit to operate across the European Union. KuCoin EU no longer has key function holders in anti-money laundering (AML) and prevention of terrorist financing roles, according to a statement from the regulator, the FMA, which granted the license in November. The freeze will last until the firm appoints the necessary compliance reporting staff, it said. The effective...
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Compliance is priority for Paytm: CEO Vijay Shekhar Sharma
15 Sep
Business News

Compliance is priority for Paytm: CEO Vijay Shekhar Sharma

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Business new tamfitronics MUMBAI: Paytm has adopted a compliance-first approach and is focusing on achieving profitability, founder and Vijay Shekhar Sharma said at the company's 24th annual general meeting on Thursday. "We have had a lot of learnings in the past six months. Now, we are talking compliance-first business... one that takes care of every regulation fully and in letter and spirit," Sharma said.The fintech came under the regulatory scanner after RBI flagged persistent non-compliance at its banking unit and directed the company to wind down its payments bank in Jan. Top Picks For YouBajaj Housing Finance IPO subscribed 63.60 times on Day 3
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