Managers of Wealth Fintech

Tech firms could become top shareholder of Internet-only bank: regulator

Choi also said that big companies in non-technology business sectors would be banned from becoming a top shareholder of an Internet-only bank.

UMB Fund Services adopts Temenos tech for ETF drive

Fund administrators have highlighted the importance of the ETF to their growth plans, but operational technology were highlighted as a challenge for growth.

Alleged head of BitConnect cryptocurrency scam arrested in Dubai

BitConnect has been accused of operating an exit scam after duping investors out of millions of rupees.

SEC Charges Technology Fund Adviser, Founder in Fraudulent Scheme

The SEC’s investigation was conducted by Eric Brooks, Michael Foley, and Ellen Chen, and was supervised by Jeremy Pendrey of the Enforcement Division’s Asset Management Unit in the San Francisco Regional Office.

$24M Thailand Bitcoin Fraud Case Update; Three Banks, Investor and Family on the Hook

The $24 Million Thailand Fraud Case Entangles A Leading Stock Investor And Bank Employees

[KOREA] Gov’t searches for a way to deregulate internet-only banks

The regulation dates back to 1982, when the government attempted to prevent banks from being exploited as the personal piggy banks of chaebol-owner families.

Chinese police nab suspects after S$120 million cryptocurrency theft

The police investigation is still underway, it said, with officers in three provinces working together last week to take the suspects into custody.

SEC charges Ameriprise over insider theft

Without admitting or denying the findings, Ameriprise agreed to be censured and pay a penalty of $4.5 million.

Specialist UK police unit prevents £25m of fraud in first half of 2018

26 fraudsters were convicted between January and June 2018

SEC bars perpertartor of ICO fraud

The SEC’s order finds that the defendants’ promotional materials used inflated projections of oil production that were contradicted by the company’s own internal analysis

ClauseMatch becomes Investment Association's first fintech member

ClauseMatch is one such firm, working to standardise and automate processes and workflows across teams within FS firms, reducing costs, speeding up implementation and demonstrating compliance to regulators.

Bitcoin investing is creating tax predicaments for hedge funds

As a result, many funds have tried to minimize their liabilities without really knowing what the rules are.

After CBA scandal, Australia's regtech sector is ready for take-off

There were two indications last week that regulatory technology's engines are revving up.

National Bank of Egypt upgrades UK treasury and risk management operations

The integration between Fusion Treasury and Fusion Risk was a key factor in the bank’s decision to partner with Finastra.

Global Fintech giant inks deal with State Bank of Mauritius

We are confident that the MoneyWare suite, some of the modules we have already implemented and are live, will enable SBM to offer products & services to its customers and a better banking experience.

Nuix founder cops seven years jail sentence for offshore tax fraud

Ministers savage fraud detection software founder.

Bermuda ICOs, trust and investor confidence

Bermuda’s FinTech regime is being developed to balance market integrity, innovation with consumer protection.

Reflections from the Hong Kong SPOT conference 2018

One of the salient issues that most blockchain and crypto based companies face is not knowing how the jurisdiction they are domiciled in will regulate digital assets and not knowing how they will be governed.

JAG Shaw Baker joins Withers to create global tech offering

The firm has 17 offices, now 18, across the US, Europe and Asia.

Bank of China extends use of AxiomSL’s regulatory platform

The decision enables the bank to avoid the increased infrastructure costs often associated with the introduction of a new regulatory requirement.

Legal,Regulation,Tax & Compliance