Managers of Wealth Fintech

Harneys represented DXC Technology Company on its proposed US$2 billion merger acquisition of Luxoft

This transaction sets a new BVI record for the largest ever takeover of a publicly-listed BVI company by transaction value.

Data Protection Predictions 2019

The GDPR appears to have resulted in a big shift away from consent as the processing condition relied upon for the majority of commercial processing activities.

EU-AU Digital Economy Task Force Launched

The Task Force is composed of 20 African and EU decision makers, and representatives from the private sector, the international financial sector and civil society.

ESAs publish joint report on regulatory sandboxes and innovation hubs

The report sets out a comparative analysis of the innovation facilitators established to date within the EU.

Digitalization and the challenge of KYC for financial institutions by Kramer Levin Naftalis & Frankel

The French Prudential Supervisory and Resolution Authority guidelines published on December 12, 2018 on the identification, verification and knowledge of customers[1] address this issue.

Robots are not killing our jobs, says World Bank

The World Bank does not guarantee the accuracy of the data included in this work.

Swiss company buys Australian-founded fintech vendor with KWM’s help

The deal will be funded by cash and debt, KWM said.

Bendigo and Adelaide Bank Goes Live with Wolters Kluwer’s OneSumX for Regulatory Reporting

Wolters Kluwer FRR, which is part of the company’s Governance, Risk & Compliance division, is a global market leader in the provision of integrated regulatory compliance and reporting solutions.

Irish Gov’t Approves Anti-Money Laundering Bill Affecting Cryptocurrency

EU member states must incorporate the directive into their respective national laws by Jan. 20, 2020.

Google stashed billions in offshore tax haven

Tech companies like Google and Apple are well-known users of the strategy, which officials from each of the countries involved have moved to close.

Starling Bank gets passport to security issue hell

Initially, McRae spoke to Starling in private. The bank also responded on Twitter that it was looking into it.

Sports stars owed thousands after social media start-up collapse

But 20Four appears to have been unable to capitalise on that star power, and liquidators are now trying to sell the last of its assets to pay the more than $900,000 it owes.

The Current Status of AEOI CRS in Hong Kong and the known developments in 2019 And 2020

The OECD has not provided final guidance regarding RBI schemes.

Russia ushers in ‘Google tax’ on New Year’s Day

Prior to this, foreign companies were obligated to pay the VAT for providing electronic services only in the framework of transactions with individuals

The UK Financial Conduct Authority Continues Investigation of 67 Crypto Companies

It is believed that the regulator considers cryptocurrencies to carry increased investment risks and pose potential threats to financial markets.

Bitcoin Trader Troy Woody and Pal Mir Islam Charged in Philippines Murder

Tomi Masters was a small-town gal swept off her feet by a California cryptocurrency mogul. Now she’s dead and he and a friend are charged.

International financial centres crucial to fintech regulation

Offshore business has grown swiftly since the 1960s. Today, international financial centres are a critical part of the global economy, providing a space for new industries to thrive

IIA takes a fresh look at risk management model

The first line of defense is management’s responsibility to effectively assess risks and to design and implement internal controls to mitigate those risks, according to Chambers.

Silver Miller Files Lawsuit Against Creator of Alleged Crypto Ponzi Scheme

In truth, the lawsuit contends, the returns were not profits from investments, but “were simply reallocations to older investors of new investors’ assets” in a classic Ponzi scheme configuration.

ICO regulations to hit the United Arab Emirates in early 2019

A “regulatory sandbox,” as explained by The National, is a “framework that facilitates the development of the financial technology industry.”

Legal,Regulation,Tax & Compliance