Managers of Wealth Fintech

FCA and BoE open digital securities sandbox

Firms can even arrange pre-application meeting with the regulators in order to better understand the requirements, according to the announcement.

US Department of Justice files civil antitrust lawsuit against Visa

As a result, Visa’s unlawful conduct affects not just the price of one thing – but the price of nearly everything

Carey Olsen's Steven Rees Davies recognised as leading Fintech and Blockchain practitioner in Who's Who Legal

The report highlights legal professionals with extensive experience in the field, including those skilled in implementing blockchain solutions and providing data protection and cybersecurity advice.

Banks face the stacking of AML/KYC software

Compliance costs in Europe amount to around €100bn annually

Hong Kong’s central bank to explore 11 use cases in phase 2 of e-HKD pilot

This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users, deputy CEO Howard Lee says

HSBC calls on tech firms to help refund victims of fraud

Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem

Disclosure of algorithms envisaged under EU GDPR

The opinions offered by advocates general to the CJEU are non-binding on the court’s judges

Millennium Consulting launches digital tax product

As UK businesses focus on compliance and adopt MTD software, business leaders are actively seeking reliable solutions to ensure adherence and avoid penalties.

Let data be used to train AI, EU urged

This begins with the training of the model and continues throughout the entire lifecycle of the product. AI without constant feedback is useless.

UK government takes aim at late payments laws

A new Fair Payment Code has been announced by the UK government to manage late payments that cost SMEs.

From boardroom to breakroom – Embedding data privacy into company culture in Singapore

Recent data protection enforcement cases in Singapore have shown that failures in data protection often result from a lack of basic understanding and responsibility at all levels.

Australia gives priority to wholesale CBDC over retail

It concludes that a clear public interest case to issue a retail CBDC has yet to emerge in Australia.

JTC Welcomes Updated Jersey Guidance On Real-World Asset Tokenisation

The new guidance on real-world assets is supported further by additional updated guidance, published simultaneously by the JFSC

B.C. regulator fines offshore crypto trading platform $500K, bans it from financial markets

A panel of the B.C. Securities Commission imposed the sanctions on LiquiTrade Ltd.

Jersey publishes new guidance on the tokenisation of real world assets

The guidance aims to clarify the process for issuing a digital representation of a real world asset on a blockchain by a Jersey issuer

NIS2 compliance hampered across EU as October deadline approaches

A staged approach to incident notification is provided for under the directive, with obligations kicking in after 24 hours, 72 hours and within a month of the incident

Finnish police suspect US crypto influencer of gross tax evasion and assault

Richard Schueler — also known as Richard Heard — founded the cryptocurrency firms Hex and PulseChain and has used social media to promote them.

FinTech organisations slow to embrace strategic risk navigation in compliance, study shows

This survey further investigates the “how” and “why” behind this discrepancy

Australian Cyber Ready survey: balancing proportionality and severity

A new report from global law firm Herbert Smith Freehills reveals that while Australian organisations are increasingly concerned with cyber risk, their preparations may not be aligned to the nature and extent of the risk.

DGGI Mulls Partnering With Foreign Governments To Prevent Online Tax Evasion

The GST intelligence wing said that unique challenges in tax enforcement in this sector necessitate out-of-the-box interventions to plug revenue leakage.

Legal,Regulation,Tax & Compliance