03/24/2020
Cayman Set to Introduce New Virtual Asset Legislation
The Bill defines virtual asset services as providing one or more of the following services or operations for or on behalf of a natural or legal person
Legal,Regulation,Tax & Compliance
03/23/2020
Singapore and Australia Agree to Enhance Data Connectivity in Financial Services
The DEA ensures that financial institutions operating in Singapore and Australia are able to transfer information that they generate or hold more seamlessly across borders.
03/20/2020
Yapeal awarded first FinTech license in Switzerland
Under the Swiss FinTech license, banks are restricted to taking a maximum deposit of USD106 million.
03/20/2020
Why the UK thinks tech giants deserve a digital tax
Sunak introduce a 2 percent tax on incomes from tech giants operating in Britain, especially those in search, social networks as well as shopping
03/15/2020
Government and regulators' responses to Treasury Committee reports on IT failures and economic crime
The Government published its response to the Committee’s business rates report on 27 February 2020
03/13/2020
LawTech Is Powering Growth In The UK Wills And Probate Industry
The report also finds that the UK leads the way in the legal technology market as the UK is home to almost half (44%) of all lawtech startups in the EU
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.
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.