Managers of Wealth Fintech

Facebook’s fine for mishandling the data of 87 million people is worth 15 minutes of its profit

The maximum fine under GDPR is 4% of global revenue, which would be worth nearly $2 billion for Facebook.

The growing need for regulatory reporting change management processes

The increased emphasis on regulatory data requires a different approach to change management

Standard Chartered enlists Regtech startup Silent Eight for financial crime fight

FCC’s strategy is to continually invest to be at the forefront of the ever-changing financial crime landscape.

Top China regulator warns against ‘mythologising’ blockchain technology

Regulator’s remarks echo official government stance of cautious welcome for blockchain, while playing down cryptocurrencies

If You’re Living In Australia, Hiding Your Crypto Offshore Doesn’t Mean You’ll Avoid Tax

Reports out today suggest that the Australian Tax Office are now set to follow up on those who are using offshore bank accounts to hide their cryptocurrencies.

Platforms to engage closely with regulator over outages

An Aviva spokeswoman said: "We will study the discussion paper in detail and we look forward to engaging constructively with the regulators on these important issues."

Maintaining Compliance In A Market Of Bank-FinTech Tie-Ups

“Collaboration is exactly the overall idea behind the Digital-[Finance]-as-a-Service offering,” said Stemmle

RBZ Governor: Zim Central Bank Open To Investigating Blockchain Solutions

I did not say cryptocurrencies because it is lower than blockchain

ICO regulation calls mount after record crypto-currency heists

CipherTrace found that $761 million has been laundered since the start of the year from crypto-currency exchanges.

Profile Software’s RiskAvert platform implemented by IBG

Profile’s team has long-standing experience and a proven track record in efficiently delivering highly demanding, compliance-focused projects in SE Europe on time and on budget.

Have You Heard About ePrivacy? The GDPR’s Bigger Brother

The GDPR does not consider metadata or the privacy of communication about or between legal entities

How South Africa will tackle cryptocurrency regulation

As activity in cryptocurrency trading is increasing, so is the risk of exploiting these instruments for ambiguous or illegal purposes

Standard Chartered to implement BearingPoint tax reporting suite

FiTAX’s coverage of more than 110 jurisdictions and the ability to monitor and adapt to the ever-changing client tax requirements is in line with the bank’s needs.

Bank of Lithuania Releases New Regtech Feature For E-Licensing

The Bank went on to reveal that the new tool has been created in line with the latest amendments to the rules for issuing licenses to electronic money and payment institutions as well as branches of foreign electronic money institutions.

The New World of Cyber Risk Management and Why Caribbean IFCs Should Take Notice

The legislation includes requirements for the protection of Personably Identifiable Information (PII), as well reporting requirements in the event of a breach.

Euro bank regulator: Don't follow the crowd. Stay off the cloud

Outsourcing to fluffy white stuff carries 'reputation' risks – report

Bermuda Amends Banking Act to Favor Blockchain Startups

Burt said banks’ reluctance to serve the new types of companies cannot be allowed to impede the country’s efforts to support economic growth.

Understanding Cryptocurrency Tax Obligations

In the United States, the Internal Revenue Service (IRS) has only issued one statement on the tax principles that apply to cryptocurrency. And, it came out in 2014.

Finastra to introduce IFRS 9 Regtech solution in Indonesia

They can also send appropriate information to the Praweda Ciptakarsa Informatika-hosted data centre.

An overview of digital asset legislation

First Published in The Royal Gazette

Legal,Regulation,Tax & Compliance