12/14/2017
India's Tax Department Collects User Data at Multiple Bitcoin Exchanges
The survey teams were reportedly armed with an assortment of software tools to capture exchange data
Legal,Regulation,Tax & Compliance
12/14/2017
KPMG revenues grow strongly to record $26.4 billion
KPMG invested more than US$1 billion this year in a multi-year program focused on new technology, innovation and developing new services and solutions
12/13/2017
Initial coin offerings a look to 2018
With this informal guidance in mind, ICOs may be due for a significant course correction in the months ahead.
12/13/2017
Facebook to pay 'millions more' in tax after agreeing to record sales in the country they are made
In the face of political pressure to change this, Facebook last year said it would book sales from large British customers in the UK.
12/11/2017
IRS Bitcoin Hunt Ramps Up, But Tax Amnesty Could Follow: Expert Blog
It is well-known that the IRS is looking hard at Bitcoin and other cryptocurrency transactions, hoping to scoop up some tax dollars.
12/11/2017
Banks must strengthen their commitment to fight cyber-crime
While some banks have started to unite behind closed doors, the financial industry needs to create a knowledge-sharing standard. The reality is that most hackers collaborate, so banks should too.
12/08/2017
Tech Trends 2018
The symphonic enterprise
12/07/2017
DFSA signs FinTech agreements with Hong Kong authorities
The agreement with DFSA signifies closer cooperation between the two authorities in fostering and creating business opportunities for FinTech firms on a global reach.
12/05/2017
Switzerland Signals Vigilance on Crypto Frenzy
The alpine nation has advanced as a cryptocurrencies, working hard to attract players from the industry.
12/04/2017
Navigating AuM in today’s regulatory environment
The AIFMD Annex IV filing uses the same terminology but a different calculation method.
12/04/2017
MAS report finds Hong Kong, Korea and Singapore banks vulnerable to FinTech disruption due to reliance on payment fees
The report notes that FinTech presents opportunities for banks to improve their profitability from both the cost and revenue angles, whether exploited either internally within banks or through collaborative partnerships with FinTech companies.
12/03/2017
Expanded private funds statistics include proprietary information
This is the first time the SEC expanded the statistical scope of Form PF. Unlike Form ADV, a public form required from private funds, Form PF goes into detail on proprietary information.
12/01/2017
JFSC warning on Initial Coin Offerings
The notice follows other recent warnings from countries including the UK, US, Canada, Germany, Singapore, among others regarding this type of activity.
11/30/2017
Bitcoin pronounced ‘un-Islamic’ by Turkish religious authority
A Turkish Lira-Bitcoin exchange, BTCTurk, has been set up, and there is a Bitcoin ATM near the Ataturk Airport in Istanbul.
11/27/2017
London-based Fintech and Regtech firms confirm partnership
They are providing complete solutions for the world’s unbanked people and enabling financial inclusion for emerging economies through joint initiatives globally
11/26/2017
Denmark and Singapore strengthen promising fintech collaboration
The agreement enables between the two regulators to refer fintech companies to their counterparts
11/24/2017
Hogan Lovells and Innovate Finance to extend partnership
By sharing our expertise and resources we can provide a crucial voice to the industry and help it to thrive in the UK.
11/23/2017
Efforts to tackle mobile fraud are being hampered by a lack of clarity around liability
It is time that mobile network operators (MNOs) and banks made a concerted effort to clear up this confusion and enable a positive customer experience to come first.
11/23/2017
Al Salam Bank Seychelles selects AMLtrac
For the purposes of PEP, SOE, adverse media and other enhanced checking AMLtrac are integrated into the Dow Jones database of over 2.4 million data elements as its data source.
11/23/2017
Malaysia to Place Bitcoiners Under Existing Anti-Money Laundering Laws
Such persons “would be designated as reporting institutions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.”