Managers of Wealth Fintech

U.S. indicts operators of 'dark web' drug referral service

Robert Johnson, an assistant director of the FBI, said DDW operated for years as a “key gateway to the criminal underbelly” of the so-called dark web, or Darknet, economy.

FCA Turning to ‘Machine Learning’ Techniques to Identify Misconduct

The supervisory agency will host an event with global regulatory and law enforcement officials later this year

The Bahamas – A Future Hub for Fintech Banking aided by Deltec International

Bahamian entrepreneurs can use this fintech platform to create a financial service business based on a new operating model.

How the International Monetary Fund is waking up to the financial risks of the climate crisis

The paper stresses that mitigation instruments other than carbon taxes can have an important role if, for example, higher fuel prices are politically difficult or have limited impacts in countries that do not consume coal.

Hackers steal almost £31m in Bitcoin

All withdrawals and deposits are suspended whilst the review is being carried out, it is expected to take a week.

Citi closes CitiCross 'dark pool' amid equities unit review

Last month Citi reported a 24 percent drop in equities trading revenue in the first quarter due in part to lower market volumes, pressuring the bank’s overall revenue.

ABTA warns: Millions lost to holiday booking fraud

The average amount lost was GBP 1,380 per person but, as in previous years, in addition to the financial cost, victims have also reported the significant emotional impact caused by this crime.

FIs Need to Automate to Meet Tax Reporting Obligations – Report

“The concept of a global economy is now well embedded in how business groups and individuals look at the world and, as a consequence, their reporting obligations to an increasing number of tax authorities and regulators have become more complex.&

Forgers Are Forcing a $9 Trillion Business Into the Digital Age

Trade finance has to go paperless: OCBC commodity finance head

Japanese banks to boost fight against money laundering

If the industry receives a similarly inferior evaluation again, Japanese banks’ international transactions may be subject to restrictions, and overseas settlements and remittances, as well as transactions for cross-border trade, may be affected.

Cayman Funds – how to prepare for the Data Protection Law

Drafted around a set of internationally recognised privacy principles, the new law provides a framework of rights and duties designed to give individuals greater control over their personal data

Electronic documents and signatures: a legal overview

The “functional equivalency rules” of the ETA provide the criteria for the use of electronic documents and signatures.

Jersey and Bahrain sign digital innovation agreement

The agreement will see Jersey and Bahrain working to promote the benefits of businesses operating in each other’s locations, further collaboration of women in the sector, and an opportunity for members of Digital Jersey and Bahrain FinTech Bay to us

Bitcoin scam in Jersey costs victim £1.2m

The gang responsible claimed they were operating out of Norway, but investigators say there is evidence of money being moved to bank accounts around the world

Bitt to partner with Estonian e-gov firm

eGA’s executive director, Arvo Ott, said the organisation is aware of challenges in the Caribbean and developing countries, and pleased to provide an alternative.

Central Banks of Canada and Singapore conduct successful experiment for cross-border payments using Distributed Ledger Technology

The Bank of Canada and MAS have been collaborating in the use of Distributed Ledger Technology (DLT) and central bank digital currencies to make the cross-border payment process cheaper, faster, and safer.

Legal,Regulation,Tax & Compliance