03/12/2020
A near record year for money laundering: Banks hit with $10 billion in fines
One remarkable finding in the report is that, despite a spate of new data privacy laws, they resulted in almost no fines.
Legal,Regulation,Tax & Compliance
03/12/2020
Channel Islands Financial Ombudsman in breach of Data Protection laws
An early admission was made by the Channel Islands Financial Ombudsman as to the error and immediate action was taken to attempt to redress the situation.
03/12/2020
SFC Considers Easing Data Storage Rules – Report
The industry bodies said to be negotiating with the SFC to soften the rules include ASIFMA and the HKSA (Hong Kong Securities Association).
03/12/2020
HMRC warns against coronavirus email scam
Other scam calls may offer a tax refund and request you to provide your bank or credit card information.
03/11/2020
Thailand: New Tax-reporting Obligation for Banks and E-payment Service Providers
Reporting Obligations of a Person with Special Transactions
03/11/2020
PwC selects Salt Edge to join Digital Ecosystem Banking initiative
Salt Edge’s personal finance management (PFM) app where users can manage their finances holistically by connecting bank and e-Wallet accounts, is part of PwC’s Digital Ecosystem Banking.
03/10/2020
Infosys draws flak over tax software glitch
Indian government wants chairman Nandan Nilekani to fix the issue as soon as possible
03/10/2020
Exiled Bitmain Co-Founder Is Fighting Back With Second Lawsuit
The case adds to the ongoing litigation in the Cayman Islands Zhan has filed against the company he co-founded with Jihan Wu in 2013
03/09/2020
Female traders trending upwards in UAE and Mena
Steve Weller, CEO Saxo Bank Mena Region, said: “As a fintech specialist we have always strived towards a democratised trading and investment landscape, and these findings highlight our strategy is working in terms of increased participation by femal
03/09/2020
Second reprimand issued by Guernsey's Data Protection Authority
Update prepared by Helen Wyatt (Partner, Guernsey) and Rachel Guthrie (Senior Associate, Guernsey)
03/08/2020
Nedbank data breach may leave victims open to fraudulent attacks, say experts
The breach took place at the premises of Computer Facilities, a direct marketing company that issues SMS and e-mail marketing information on behalf of the bank
03/05/2020
Legal blow to Indian central bank as crypto ban overturned
Two years after it ordered regulated firms to stop dealing in virtual currencies
03/04/2020
Momentum is building for compliance digitalization
Clearly, compliance departments are about to transform.
03/04/2020
MiFID II EMT
An overview of the changes for fund products and expectations on the transition plan for the industry.
03/03/2020
DFSA launch DFSA Cyber Threat Intelligence Platform
To access the Platform, users may complete the necessary information in the DIFC portal. This information will be shared with the DFSA in order to register.
03/03/2020
Bank of England passed tech firm for diligence three times
Central bank faces new scrutiny over audio feed leaks
02/27/2020
Latham Advises CDPQ as Temasek Invests in FNZ
New investor will enhance FNZ’s reach into Asian markets.
02/27/2020
Momentum grows for global minimum tax rate
Mr Le Maire added that there was “a consensus to build a solution by the end of 2020”.
02/26/2020
Sawtooth Solutions Signs Strategic Partnership With United Planners
Originally, Sawtooth began as a Registered Investment Adviser (RIA) and has lived firsthand through the same experiences facing advisory firms.
02/25/2020
Bank of Lithuania tests API-based RegTech prototype
The central bank says it will take under discussion further extensions of the prototype to other market participants.