Managers of Wealth Fintech

Barclays fined £783,800 for oversight failings

The FCA publicly censured Premier FX in February 2021 for failing to safeguard its customers’ money and seriously misleading its customers about the services it was authorised to provide.

Rights and principles proposed to guide digital transformation

The Commission is hoping to have the draft declaration signed by summer 2022.

EU moves to limit foreign access to cloud data

These latest Commission plans would apply similar restrictions to the transfer of, and foreign access to, EU-held non-personal data for the first time.

US ruling on AI and copyright reflects ongoing UK debate

The US Copyright Office rejected his application in 2019, finding that it “lacks the human authorship necessary to support a copyright claim"

European Parliament Postpones Vote on Crypto Regulations Indefinitely

A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.

UK’s Open Banking Chief Calls on Regulators to Streamline, Accelerate the Technology

Open banking allows firms to transfer data, with client’s permission, and easily integrate tools and services.

Ogier in Jersey advises on Invesco Physical Bitcoin launch

The transaction marks the asset manager's first issuance of a physically backed ETN linked to cryptocurrency.

UK Finance launches supplier assurance framework

The current approach has contributed to supplier frustration with some citing capacity and prioritisation constraints.

FCA: Recent statements by Bitpanda

The FCA can take steps to suspend or cancel the registration of a cryptoasset business if it is not satisfied the firm or its beneficial owner is fit and proper.

Axian Telecom advised by Appleby

This deal paves the way for other African champions to access international Debt Capital Markets, in order to mobilise investments that will benefit the continent and its people.

China’s crypto ban extends to a wider range of crypto-based activities

Despite the wide and non-exhaustive ban on “virtual currency” activities, some regulatory grey areas will remain as technology develops and markets evolve.

Revolutionising the "creator" economy: are non-fungible tokens "virtual assets" in the Cayman Islands?

English law provides welcome direction as to the determination as to what constitutes a traditional "investment"

Sweden's Riksbank exits Phase 2 of CBDC technical tests

All the tests, analyses and investigations carried out will form a base for this work. We will also draw on experience from the rapid international development that is now taking place in this field.

UK regulators publish AI report

Regulators should provide greater clarity on existing regulation and policy but such clarification and any new guidance should not be overly prescriptive and should provide illustrative case studies.

Crypto giants form travel rule compliance platform

In addition, all Trust member must meet core anti-money laundering, security, and privacy requirements.

Veriti Management unveils new user interface

The direct indexer redefines the user experience and the delivery of customization at scale

FBI to form digital currency unit, Justice Dept taps new crypto czar

Ransomware groups often demand their fees in bitcoin.

FCA concerned about Binance getting access to Faster Payments

Firms based outside the UK can generally serve Brits without FCA oversight, says the FT.

Financial institutions most concerned about beneficial ownership rules & cryptocurrencies, new report shows

The results were clear: keeping up with a rapidly changing regulatory and threat landscape continues to be challenging for many financial service firms.

Rights and principles proposed to guide digital transformation

The Commission is hoping to have the draft declaration signed by summer 2022.

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