Managers of Wealth Fintech

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.”

Bermuda Financial Regulator Rolled Out Cryptocurrency Custody Rules

The Code published today seeks to protect the public and to clarify the Authority’s expectations in terms of the custody of digital assets.

Swiss Government Says Existing Finance Laws Can Apply to Crypto

The Federal Council is a seven-member body that serves as the executive branch of the Swiss national government.

Government and FCA respond to Treasury Committee’s Crypto-assets report

It is clear that the Government and the FCA share the Committee’s concerns on crypto-assets, including the lack of regulation, minimal consumer protection, and anonymity aiding money laundering.

UK Government note clarifies “no deal” and data protection

The note confirms that separate draft regulations and more detailed guidance will be published in the next few weeks but, in the meantime, it clarifies at a high level a number of key issues for organisations both within the UK and outside but doing busin

AfDB invests $7.5m in Africa Tech Ventures

ATV will provide seed investment to early stage companies that improve and facilitate access of essential goods and services to the underserved, effectively promoting inclusive growth.

Central Bank Of Bahrain Releases Cryptocurrency Regulations Draft

In addition, the draft rules involve steps to safeguarding customers interests, cybersecurity risk management, and technology standards.

Brazilian challenger Nubank breaks down doors with debit debut

This news may not be a big deal to some, but it’s another sign that Nubank is moving along fairly well and trying to shake up the old order.

TransferMate buys Swiss payments firm

TransferMate - a part of Terry Clune's Taxback Group and which has added 170 jobs in the past year alone - has regulatory approval across the EU, the US and a range of other markets.

Bahrain issues draft rules to regulate cryptocurrencies

The central bank has set December 31 as the deadline for feedback on the proposed regulations

Blackbird’s alarm call or nightingale’s lullaby?

FCA Occasional Papers in financial regulation

FG18/5: Guidance on financial crime systems and controls: insider dealing and market manipulation

The updated Financial Crime Guide sets out guidance for firms on financial crime systems and controls, including insider dealing and market manipulation.

MEPs agree on new rules to tax digital companies’ revenues

Lower threshold of taxable revenues made in EU

SA’s Communications Minister Takes Cybersecurity Campaign To Rural Areas

Ndabeni-Abrahams said her department is ramping up cyber safety efforts in preparation for the festive season.

Philippines to Introduce Basel III Countercyclical Capital Buffer

Part of the Basel III framework, the BSP had initially decided not to adopt the CCyB, which requires banks to maintain additional capital during periods of excessive credit growth

Legal,Regulation,Tax & Compliance