03/15/2022
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
China’s central bank found regulatory breaches and lapses during recent inspection of the ubiquitous payments network
Legal,Regulation,Tax & Compliance
03/14/2022
Court dismisses FCA appeal on ipagoo and finds no trust in e-money regulations
E-money holders may not hold a proprietary interest in the relevant funds but they could still benefit from rights over the firm’s assets in priority to other creditors.
03/14/2022
Joint statement from UK financial regulatory authorities on sanctions and the cryptoasset sector
The FCA has already written to all registered cryptoasset firms and those holding temporary registration status to highlight the application of sanctions on various entities and individuals.
03/14/2022
Supreme Court finds in favour of right to privacy for those subject to criminal investigation
The Court of Appeal upheld this decision.
03/14/2022
Mauritius: An Overview of the New Regulatory Framework of Virtual Assets and Initial Token Offerings
On 17 September 2018, via a guidance note, the Financial Services Commission (FSC) recognised digital assets as an asset-class for investment by sophisticated and expert investors.
03/13/2022
Warning on illegal crypto ATMs operating in the UK
The judge concluded that there was a ‘lack of evidence as to how Gidiplus would undertake its business in a broadly compliant fashion’.
03/11/2022
SEC Proposes Amendments That Would Place New Cybersecurity Reporting and Disclosure Requirements on Public Companies
The comment period for this proposal is open to the public until the later of May 9, 2022, or 30 days after publication in the Federal Register.
03/11/2022
EU Data Act: new rules for data exchanges between businesses, users and third parties
Data generated by using online or mobile services are of equal economic value, for example data from any app using location data.
03/11/2022
Gibson, Dunn & Crutcher LLP Advises KKR Next Generation Technology on its Growth Investment in +Simple
KKR led the growth financing round with participation from +Simple’s founders, Tikehau Capital and existing investors Eurazeo and Speedinvest.
03/11/2022
Mayer Brown advises on sale of majority stake in Theobald Software
The partnership will further Theobald Software GmbH's growth into new markets.
03/11/2022
Goldman Sachs eyes stake in Nucleus
First reported by Sky News, sources have since confirmed the firms involved in the share sale and the combined value to FTAdviser. Nucleus declined to comment.
03/11/2022
BlackRock waives fees on suspended funds with 'significant' Russian exposure
In light of this the firm has waived its management fees and the fund's annual service charge from 1 March.
03/10/2022
Opening of consultation on FINMA Ordinance on Data Processing
The FINMA Ordinance on Data Processing details how FINMA processes data in the context of fulfilling its statutory duties.
03/10/2022
State Street to enter digital custody business with Copper.co
State Street began embracing the shift to decentralised finance in June last year with the creation of a new division specifically to engage with digital assets
03/10/2022
Wolters Kluwer to acquire IDS
IDS will become an integral part of GRC’s Compliance Solutions business
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/10/2022
China Issues New Rules on Cybersecurity Review for Network Platform Operators Listing Abroad
Under the new rules Chinese NPOs holding more than 1 million individuals’ personal information must apply for a cybersecurity review prior to listing abroad.
03/10/2022
Slaughter and May is advising IWG plc on the merger of its digital assets with The Instant Group
The merger is being effected with a view to listing the merged businesses by the end of 2023 via a listing on the US or UK markets. CORPORATE
03/10/2022
More Cookie Banners to go: Second wave of complaints underway
In an obvious "spill over" effect, even websites that were not targeted by noyb have changed for the better.
03/09/2022
Data management for regulatory reporting: Key themes, challenges and solutions for 2022
To prevent this issue, regulators now want to engage in open dialogue and collaboration with the firms they oversee to ensure compliance.