09/01/2023
SEBA Hong Kong Makes Strides Towards Official Crypto Licence with Regulatory Nod
Amy Yu, CEO APAC, at SEBA Hong Kong, said the approval-in-principle signifies that all its efforts are heading in the right direction.
Legal,Regulation,Tax & Compliance
09/01/2023
UK Regulation Urged as New Research Exposes Concerns in BNPL Trends
While the study confirms the convenience factor that BNPL offers, with 82 per cent finding it easy to understand and 76 per cent deeming it easy to manage and pay off, the darker side of this trend cannot be overlooked.
08/31/2023
Visa and Mastercard plan credit card fee increases
In March, a US federal appeals court upheld a $5.6 billion antitrust class-action settlement
08/31/2023
Orion Signs License Agreement with Temenos to Expand Market Reach in Ireland, Bulgaria, Hungary and Slovakia
Financial institutions will benefit from Temenos’ world-class banking platform and Orion’s regional expertise to offer Country Model Bank functionality in these countries
08/30/2023
Goldman Sachs to wave goodbye to GreenSky as proposed sale enters final stages
Goldman Sachs’ journey with GreenSky began back in September 2021
08/29/2023
Maybank and Broadridge team on securities borrowing tech
The platform's ability to interface with downstream systems enables automation and straight-through processing
08/28/2023
US Treasury sets out crypto tax reporting proposal
The form, covering information such as customers’ capital gains and losses, would be sent to both customers and the IRS.
08/25/2023
SmartSearch Reveals Worrying Trend as Challenger Banks Display Lack of Commitment to Compliance
SmartSearch has revealed concerns that challenger banks could receive substantial fines and significant reputational damage associated with Anti-Money Laundering (AML) breaches.
08/25/2023
Modulus files new order type patent for its white label futures exchange
The Modulus futures exchange made international news previously as the technology upon which FTX built their exchange empire.
08/24/2023
A&O advises the HKMA on legal and regulatory considerations for tokenisation of bonds in Hong Kong
This contribution marks another milestone in the exploration and promotion of wider adoption of bond tokenisation in Hong Kong.
08/23/2023
Big tech to face full force of new EU law
The landmark law is part of the EU's legal arsenal deployed to bring tech companies to heel
08/22/2023
SS&C Signs Definitive Agreement to Acquire Iress' Managed Funds Administration Business
Acquisition strengthens SS&C Global Investor & Distribution Solutions offering in Australia
08/22/2023
SEC charges fintech investment adviser with violating marketing rule
In the first case involving the SEC's amended marketing rule, Tian has agreed to pay over $1 million to settle the charges, without admitting or denying the findings.
08/21/2023
New Saudi ‘insurtech’ rules will help ‘foster innovation’
The Kingdom’s fintech sector sees no sign of slowing up
08/18/2023
Mastercard launches CBDC partner programme
Their efforts include Fluency’s work to build interoperability among different CBDCs
08/18/2023
Netwealth targeted by scammers in clone attack
The FCA warned that this firm is not authorised but has been contacting people pretending to be an authorised firm.
08/17/2023
MAS’ AML/CFT Inspections Put Wealth Management Firms on Notice
The inspections of wealth management FIs are part of MAS’ ongoing efforts to strengthen Singapore’s AML/CFT regime.
08/17/2023
Visa faces DoJ probe into tokenisation technology pricing
The company offers merchants a lower price if they use it.
08/17/2023
Virtual assets firm M2 secures Abu Dhabi nod to offer crypto services
ADGM's FSP license entails M2 to offer institutional and retail clients in the UAE the ability to buy, sell and maintain custody of virtual assets
08/17/2023
Sumsub enhances Wirex’s virtual asset transfer and compliance with new partnership
This will encompass thorough KYC checks, AML screenings, and a host of verifications that align with regulatory mandates and Wirex’s unique business specifications.