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.
Legal,Regulation,Tax & Compliance
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.
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
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.