06/12/2018
Cryptoassets and Financial Crime
Following a risk-based approach does not mean banks should approach all clients operating in these activities in the same way.
Legal,Regulation,Tax & Compliance
06/11/2018
Facebook shared user details with firms after cutting developers' access
Wall Street Journal details access to data during 2015
06/08/2018
Beyond 25 May: The legacy of GDPR
The introduction of the rules has proved particularly timely following the Cambridge Analytica data scandal.
06/08/2018
Guidance issued on tax treatment of cryptocurrency
Operators for this purpose include intermediaries, brokerages, providers of platforms and dealers.
06/08/2018
A Rose by Any Other Name: SEC Clarifies Cryptocurrency Rules
“We’ve got guys with bags of cash headed for the border” because of unregulated crypto offerings, says SEC Chairman Jay Clayton. “I’m protecting the integrity of the market.”
06/07/2018
Has Hong Kong's Legal Tech Moment Arrived?
A movement is taking hold in the city to bring legal tech into the mainstream and make Hong Kong a legal tech player in its own right. Will it succeed?
06/07/2018
The digitalisation of banking – supervisory implications
Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at the Lisbon Research Centre on Regulation and Supervision of the Financial Sector Conference, Lisbon, 6 June 2018
06/06/2018
Abu Dhabi and Hong Kong further fintech collaboration
The HK-SFC and the FSRA have been active advocates of FinTech developments
06/05/2018
ICOs and good governance
This difficulty in establishing the correct banking architecture for these businesses undermines the ability of operators to ensure the integrity of their financial governance and is proving a real obstacle to the growth of the sector.
06/01/2018
BASEL III: Complying with disclosure requirements, pillar three
At SS&C, we have developed a solution for asset managers that incorporates all template requirements as well as other plausible data requirements
05/31/2018
Hong Kong publishes revised guidelines on authorisation of virtual banks
All respondents supported the introduction of virtual banking in Hong Kong.
05/31/2018
Life after MiFID II and GDPR – new research reveals the future of compliance
Every new rule and regulation can ultimately be turned to commercial advantage, with 93% of respondents saying that compliance could be used strategically
05/30/2018
A rose by any other name might still be a security
Another prominent lawsuit filed in California Superior Court on May 3, 2018, may also force judicial guidance.
05/30/2018
Chinese internet group gets shareholder approval to reorganize in Cayman
The Beijing-headquartered company intends to proceed with the liquidation of the Delaware entity on May 31.
05/29/2018
JFSC and OIC issue joint statement on data law
The Data Protection Law 2018 will be regulated and enforced in Jersey by the Office of the Information Commissioner.
05/29/2018
Carey Olsen advises Ultraviolet on blockchain research application platform ICO
Cayman Islands partner Alistair Russell led the Carey Olsen team advising Ultraviolet and was assisted by counsel Dylan Wiltermuth.
05/25/2018
Technology and global ties: turning the tide on financial crime
Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Anti-Money Laundering TechSprint, London.
05/25/2018
Investors warned on robo-advisers as watchdog finds some are 'potentially misleading' customers on fees and advice for their investing service
Investment firms can offer different levels of service
05/24/2018
The International Comparative Legal Guide to Fintech 2018 - Isle of Man Chapter
The Fintech sector in the Isle of Man consists of, among other things, e-gaming, payment services and crypto-currencies.
05/23/2018
FCA puts robo advisors to the test...and finds them wanting
The first review looked at 7 firms offering automated online discretionary investment management.