Managers of Wealth Fintech

Broctagon acquires Labuan Money Broking License

Broctagon’s new Money Broking Licence is officially approved by the Labuan International Business and Financial Centre

Arab Financial Services and Discover sign network alliance agreement

Discover, Diners Club International and network alliance cardholders will be able to use their cards for the first time in Bahrain through this strategic alliance.

Compatibility test: Can I process lawfully collected personal data for a new purpose?

This is also connected to other principles of processing.

China bans financial, payment institutions from cryptocurrency business

China has banned crypto exchanges and initial coin offerings but has not barred individuals from holding cryptocurrencies.

European Central Bank castigates banks over instant payment fees

However, instant payments are sometimes offered to consumers for €1 per transaction.

Goldman bets on UK anti-money laundering start-up

Bank invests in company aiming to benefit from efforts to combat financial crime

BVI introduces data protection regime

The background to this is of course the drive for the BVI to become equivalent with the UK and European Union in this area, in particular under the EU’s General Data Protection Regulation.

The rise in scams and the threat to a legitimate financial services industry

The FCA detected the promotion on the same day it appeared and started immediate inquiries.

Road to Recover Class Action Proceeds Grows More Complex for Investors, Broadridge 2021 Global Class Action Annual Report Highlights

The Broadridge Global Class Action Annual Report offers an in-depth analysis of the 10 most complex class action recovery opportunities from 2020 involving financial instruments.

Commission may require notification for some small mergers in digital markets

The criteria proposed present a number of potential complexities which will need to be resolved before the guidelines enter final form.

Simple shutdown snafu leaves users unable to access accounts

"Our teams have worked around the clock to resolve issues and make things right. "

First-ever legal framework for AI proposes obligations for developers, users and importers

The proposal also puts forward deterrent fines of up to €30 million, or 6 per cent of worldwide annual turnover in the preceding financial year, for companies flouting the data-related rules.

The FRTB deadline is approaching—are you ready?

Both tests require an accumulation of data over a 12-month period that requires having processes in place for modeling, data collection and testing well ahead of time.

Taxing the digitalized economy

The so called “new taxing right” would be an overlay to existing nexus and profit allocation rules.

UK must learn lessons of Wirecard scandal, warn MPs

"Regulators need to be fleet of foot enough to anticipate the issues that arise as firms scale and must have the specialist knowledge to understand how these new types of institutions work."

HMRC set to crack down on tax evaders’ crypto assets

The recent surge in interest and value in cryptocurrencies is likely to lead to increased scrutiny on its links to organised crime, according to a top accountancy firm.

The impact of the EU digital initiatives on the creation, exploitation of and access to digital rights and assets

Bird & Bird experts are ready to advise and support companies and organisations in understanding the new digital regulatory landscape

ACAMS 12th Annual AML & Anti-Financial Crime Conference - APAC

Three years on, I think we can all agree that the potential of each of these has been clearly demonstrated.

Buck launches ‘ESG dashboard’ for pension schemes

Buck, a consulting, technology, and administration services firm specialising in pensions and employee benefits, has launched an environmental, social, and governance (ESG) dashboard for UK pension schemes.

Open Finance's potential and the digitisation of tax records

Sud examines how COVID-19 and Gamestop have caused a general reappraisal of where financial power lies and the role Open Finance can play in the new normal

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