01/03/2018
The UK's proposed new royalty withholding tax
The plan is that the new royalty withholding will apply from April 2019 where a non-UK resident entity making sales in the UK pays a royalty to a connected party in a low tax jurisdiction
Legal,Regulation,Tax & Compliance
01/02/2018
Gibraltar launches blockchain regulatory first
The team expect to be very busy in the coming months, and are looking forward to working on some interesting and innovative ideas with applicants.
01/02/2018
MiFID II: FCA updated webpage on change of legal status
New application forms for Change of Legal Status regarding MiFID firms
01/01/2018
India Made A Decision To Start Its Onslaught Against Bitcoins
Broadening its investigation into Bitcoin trade and investments, the IT (Income Tax) department is ready to release notices to 4–5 Lakh HNI (high networth individuals) all over the nation
12/28/2017
Ex-KIT CEO Tuzman, Socialite Amanat Convicted at Fraud Trial
After the verdict, U.S. District Judge Paul Gardephe ordered Amanat jailed until he’s sentenced, ruling he’s a risk to flee. Gardephe allowed Tuzman, who wept openly during part of the proceeding, to remain free on bond.
12/28/2017
Russia plans national biometric database starting next year
The regulator said that data would only be stored with individuals’ consent. Legal changes needed for the system passed this month.
12/28/2017
China’s central bank tightens security in US$5.5 trillion QR code payment services
From April, high-value transactions will be subject to multi-level verification, as service providers told to better protect users
12/27/2017
Brussels moves to boost Europe’s fintech sector
Pan-EU licences part of efforts to fight US and Asian dominance of growing industry
12/27/2017
The role of AI in the delivery of legal and private wealth advisory services
"But where I don't see artificial intelligence making a significant in road is when it comes to high net worth individuals,"
12/27/2017
UK Bitcoin warning: Cryptocurrency profits to be TAXED
BITCOIN will be taxed following a dizzying year of price rises and falls, industry experts have warned as the volatile cryptocurrency continues moving towards the mainstream
12/26/2017
Israel regulator seeks to ban bitcoin firms from stock exchange
Shmuel Hauser, the chairman of the Israel Securities Authority (ISA), told the Calcalist business conference he will bring the proposal to the ISA board next week. If approved, it would be subject to a public hearing and then the stock exchange bylaws wou
12/26/2017
Europe’s banks brace for a huge overhaul that throws open the doors to their data
Britain's Competition and Markets Authority has set out similar plans to let customers share their data with other banks and third parties.
12/19/2017
FinTech Indonesia signs collaboration agreement with FinTech Australia
The agreement provides a platform to facilitate cross-border exchanges of talent, technology and capital and fintech company market entries into both countries.
12/19/2017
Bahrain Middle East Bank Chooses Wolters Kluwer’s OneSumX for Finance
Banks’ finance functions are facing significant changes that are reshaping the way they operate.
12/18/2017
Regulatory Pressure for KYC Compliance Set to Ratchet up in 2018 for Hong Kong Firms
That analysis revealed that firms in the region see regulation as the primary motivation for AML compliance change
12/15/2017
Robot investigators 'could be used to examine documents in criminal cases'
Decision comes after technology was used to analyse cache of 30 million documents disclosed by Rolls-Royce during major investigation
12/15/2017
Gibraltar: Distributed Ledger Technology Regulatory Framework (DLT framework)
Firms seeking to apply are encouraged to speak to one of the local advisors as soon as possible.
12/15/2017
China Merchants Bank Chooses Wolters Kluwer’s OneSumX for Regulatory Reporting
OneSumX for Regulatory Reporting uses a single source of data to ensure consistency, reconciliation and accuracy and includes the firm’s Regulatory Update Service.
12/15/2017
Carey Olsen and JTC advise ARC Fiduciary Ltd on Jersey's first ICO
Against a very tight timetable, the Jersey regulator adopted a sensible and risk-based approach
12/14/2017
ASIC broadens fintech cooperation with Canadian regulators
ASIC entered in to a Cooperation Agreement with the Ontario Securities Commission (OSC) on 2 November 2016. This agreement remains in effect.