Managers of Wealth Fintech

Broadridge buys compliance and surveillance assets from Jordan & Jordan

The solution provides a combination of surveillance and regulatory reporting as well as compliance consulting capabilities for US regulations.

European Commission proposes revisions to consumer credit rules

The proposal updates both the existing General Product Safety Directive as well as the EU rules on consumer credit to safeguard consumers.

New PRC Data Security Law

China’s latest step in building its comprehensive data and cybersecurity regime.

MTI and Cajee brothers' Bitcoin scandals prompt quicker move for crypto regulations

The brothers are still at large, but one, Raees Cajee, told Dow Jones on Monday only about $5 million (R71 million) was missing

Government not paying "fair share" for data protection authority

In 2020, JOIC registered 7,780 businesses that hold personal data, it handled 486 cases, up from 2019’s 384.

South African brothers deny role in $3.6bn Bitcoin ‘heist’

As regulator raises red flag on ‘Ponzi-like’ tactics used by their firm

Tanzania’s Central Bank Working on Reversing Crypto Ban, Following President’s Directive

The Bank of Tanzania prohibited the use of cryptocurrency assets in the country back in November 2019, saying that they were illegal.

Allens advises Vocus Group

The acquisition was approved by Vocus shareholders and the Supreme Court of New South Wales this week.

ASIC applies to appoint provisional liquidators to Semantic Software Asia Pacific Limited

ASIC’s application has been listed for an initial hearing in the New South Wales Supreme Court in Sydney on Monday, 28 June 2021.

Met makes one of world's largest cryptocurrency seizures

The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.

EU data transfers compliance: businesses get fresh guidance

Clearly this more broader assessment will have significant implications not just in relation to transfers but the appointment of service providers

UK watchdog issues warning about 111 unregistered crypto asset firms

This is a very real risk so we are worried about that.

South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin

The incident could spur regulators’ efforts to impose order on the market amid rising cases of fraud.

Latham & Watkins Advises on GlobalConnect's €2.7 Billion Refinancing

Infrastructure team represents EQT on one of the largest European fibre deals to date.

Regulatory governance in private markets

Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.

The EDPB’s uncompromising new recommendation on transborder dataflow

The Recommendation is uncompromising and intended to ensure the EU’s protective framework

Successful transactions of securities with Central Bank Digital Currency

Banque de France successfully used Central Bank Digital Currency in a test environment

Biggest GDPR Fines of 2021

Video surveillance to uncover criminal offences is lawful if there is justified suspicion against specific persons.

ECB Says Digital Euro Would Protect Privacy

Privacy was the chief issue that emerged from gauging public interest in European Central Bank digital currency, but developers of a potential ECB digital currency have tested ways to separate the identity of participants in a transaction.

FIS collaborates with C3 on AI-driven AML Compliance Hub

Recent research from the FIS Readiness Report shows that 78% of capital markets firms plan to invest in AI in 2021 to advance their strategic goals.

Legal,Regulation,Tax & Compliance