Managers of Wealth Fintech

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.

Harnessing technology for efficient financial crime investigation

The 2023 State of Tax Justice report highlights a staggering annual loss of $480bn

Revolut reportedly applies for EMI licence with UAE central bank

Revolut first established an office in the Dubai International Financial Centre (DIFC) in 2022

Google PaLM 2 AI model under scrutiny by Irish watchdog Data Protection Commission

It seeks to ensure, among other things, that the processing is necessary and proportionate and that appropriate safeguards are in place in light of the risks.

How UBO verification can safeguard against financial crimes

This verification aids in mapping the ownership landscape of a company, which is pivotal for risk assessment and regulatory compliance with Anti-Money Laundering (AML) directives.

Illinois Passes Artificial Intelligence (AI) Law Regulating Employment Use Cases

The amendment also covers generative AI (i.e., AI that is capable of generating text, images, audio, videos, or other content that would otherwise be produced by humans).

FCA charges first individual with running a network of illegal crypto ATMs

If you're illegally operating a crypto ATM, we will stop you.

High Court will take pragmatic approach to protect crypto fraud victims

The court considered whether the claimant had a good reason for serving its claim

Grath expands operations to the Middle East

The new office at DIFC will serve as a central hub for Grath’s operations in the Middle East

Binance Kazakhstan gains consent for full regulatory license

This achievement reflects our dedication to maintaining the highest standards of compliance, security, and operational excellence.

Mastercard and Visa to face multi-billion pound lawsuit over interchange fees on UK businesses

Robinson continues: "We welcome the opportunity to hold Mastercard and Visa to account for imposing multilateral interchange fees at an unlawfully high level.

Dutch data watchdog DPA fines Clearview AI $33.7m

In addition to the immediate fine, Clearview faces further penalties of up to €5.1m ($5.6m) if it continues to breach the GDPR regulations.

Citi reports growing convergence of traditional and digital assets

Citi surveyed 500 market participants for its latest securities services white paper.

Wirecard executives landed with €140 million damages bill in civil suit

In its ruling the Munich court said that the board’s decision was “untenable and at odds with the duty of care of a prudent businessman”.

New Broadridge Whitepaper Highlights Operational Resilience and DORA Compliance Challenges Facing Global Financial Services

EU regulatory deadline requires a prompt industry response; globally, operational resiliency shortfalls can be addressed and scaled via mutualized services

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