Managers of Wealth Fintech

Walkers Contributes Six Chapters to Chambers Fintech Practice Guide 2022

The Fintech 2022 guide covers 40 jurisdictions.

United States and EU Come to Agreement in Principle for New Data Transfer Pact

In response, the EU and United States established the Privacy Shield to replace the Safe Harbor Principles.

UK authorities team up to remind regulated firms about crypto standards

As the markets grow, the FPC expects that enhanced regulatory frameworks will be needed, both at a global and domestic level.

Microsoft: We addressed allegations of bribes in Africa, Middle East

"We believe we've previously investigated these allegations, which are many years old, and addressed them."

Sudan Central Bank Warns on Cryptocurrency Use as Economy Tanks

The Sudanese pound lost at least 15% of its value this month after the central bank allowed it to float.

New UK Crypto Regulations Set to Be Announced in Coming Weeks

New stablecoin-focused crypto regulation to be revealed in the UK shortly.

Europe agrees new law to curb Big Tech dominance

"The agreement ushers in a new era of tech regulation worldwide," said German MEP Andreas Schwab, who led the negotiations for the European Parliament.

Letter from Sam Woods to Chief Executive Officers of banks and designated investment firms on the treatment of cryptoassets under the current frameworks

Firms should consider whether the standardised approach captures the full counterparty credit risks associated with many cryptoassets.

Central banks, BIS team up on digital-currency payments

This has the potential to reduce reliance on intermediaries and, correspondingly, the costs and time taken to process cross-border transactions.

Federal Finance Gestion signs Investment Accounting deal with SimCorp

SimCorp’s Investment Accounting Services was recently launched in response to a growing trend from buy-side clients for simplifying their operating model by outsourcing accounting and regulatory reporting processes.

Santander compensates customers after requiring smartphones for online banking

Santander has paid customers hundreds of pounds in compensation after requiring them to use mobile phones to access their online banking.

Pushing the Envelope? The CAC’s Draft Regulations on Push Notifications

The Draft Regulations bid to further tighten government control over the news followed a human trafficking controversy that erupted on Chinese social media

Liability for Software under the current Product Liability Directive

Consequently, the Court ruled that the defective service could not lead to a defectiveness of its carrier product – the newspaper.

BVI Commercial Court freezes assets held by unknown hackers in support of crypto tracing claim

The hacks caused loss to the applicant, in part because it compensated the affected users and projects.

Two steps forward, one step back? Thai government eases tax rules for digital assets while tightening rules for custodians

The Thai Cabinet relaxed tax rules for digital asset investments on 8 March 2022 in a bid to promote Thailand’s growing crypto industry. In effect, this will provide exemptions on the 7% VAT levied on cryptocurrency trading on authorised exchanges w

Legal,Regulation,Tax & Compliance