09/14/2018
U.S SEC. Penalizes Crypto Hedge Fund for Violating Securities Law
Founder Timothy Enneking and his company illegally sold stakes in the hedge fund to U.S. investors.
Legal,Regulation,Tax & Compliance
09/14/2018
Access Bank Executive Director Calls for Better Regulation of FinTech
FinTech generally aim to attract customers with products and services that are more user-friendly, efficient, transparent and automated than those currently available.
09/14/2018
SEC takes first enforcement action against cryptocurrency hedge fund
CAM and Enneking agreed to the SEC’s cease-and-desist order and censure without admitting or denying the findings against them, and agreed to pay a penalty of USD200,000.
09/13/2018
Blockchain, Cryptocurrencies and ICOs: An Offshore Lawyer’s Perspective
A cryptocurrency is a unique form of coin that is intended to be used as digital currency.
09/12/2018
Malta blockchain Acts to come into force on 1 November
The Acts have already been unanimously approved by Parliament
09/12/2018
Thai Bank taps Nice Actimize for anti-money laundering solution
NICE Actimize’s automated AML and case management solutions will reduce investigation time and overall cost of compliance for the bank
09/11/2018
U.A.E. Market Regulator Launches Fintech Controls Targeting Cryptocurrencies
Cryptocurrencies, in particular, have come under scrutiny, due in part to the emergence of ICOs and the volatility of Bitcoin.
09/11/2018
FCA warns firms against technology failures
Mr Bailey said: "The impact of this type of risk is greater in an environment where consumers rely more on machines."
09/10/2018
Broadridge unveils MiFID II post-trade reporting platform
Article 50 ex-post solution further expands its regulatory communication support for investment managers distributing in Europe
09/10/2018
China’s 9F Group aims for Hong Kong virtual bank license
Mainland Chinese fintech expert 9F Group has partnered with local and international firms to apply for a virtual banking licence in Hong Kong.
09/09/2018
A Russian Who Allegedly Hacked Into JPMorgan Chase's Servers Is Now in U.S. Custody
What the earlier court filings didn’t disclose was the identity of the central hacker—revealed finally in an unsealed indictment on Friday as Tyurin.
09/06/2018
ESAs report on automation in financial advice
The Report shows that while the phenomenon of automation in financial advice seems to be slowly growing, the overall number of firms and customers involved is still quite limited.
09/04/2018
Carey Olsen advises on latest Jersey ICO launch
The GNY Token is a cryptographic utility token that enables its holder to gain digital access rights to a decentralised machine learning predictive platform for the blockchain.
09/03/2018
Singapore and Dubai regulators sign fintech pact
This includes signing similar partnerships with regulators around the world.
08/31/2018
Flaw in Fiserv banking platform exposed personal data
Together with KrebsOnSeceurity author Brian Krebs, Hermansen worked to verify whether or not the flaw was exclusive to his own bank's installation of the platform.
08/30/2018
'Widespread confusion' among advisers about Mifid II rules
Only 5 per cent said they were aware of the obligations under the new product governance rules while 58 per cent said they were not aware of this regime.
08/30/2018
Poland: New Law On Cybersecurity In Poland
The ANCS will introduce a national cybersecurity system, which will include the biggest service providers from various sectors in Poland, as well as governmental and local administration.
08/30/2018
SA tech entrepreneur charged for fraud in New York amid shocking allegations of how he may have lied and cheated to get money
A SA entrepreneur has been charged for fraud in the US as the authorities there accuse him of stealing almost R9 million from investors in a “massive securities fraud scheme”.
08/29/2018
Swiss watchdog to propose looser anti-money laundering rules for fintechs
Under its terms small institutions, unlike banks, will not for instance have to establish an independent anti-money laundering unit with monitoring duties, it said. The move comes after Switzerland’s parliament voted in June to amend the Swiss
08/29/2018
PIMFA launches data sharing platform to combat financial crime
The launch comes after new UK legislation in the Criminal Finances Act 2017 designed to protect regulated entities when they share information on money laundering suspicions.