Managers of Wealth Fintech

Zimbabwe to ban firms from forex auctions over 'rampant abuse'

The gap between the official and parallel market rates has widened to as much as Z$130 per U.S dollar, although authorities have maintained the rate at 84.76.

Reassessment of FNZ/GBST deal confirms competition concerns

This is because FNZ and GBST, which are both providers of retail investment platform solutions, are close competitors and few other significant suppliers offer effective and competitive alternatives.

New EU standard contractual clauses adopted: 18 month deadline to reassess international transfers of personal data from Europe

There will be a limited period of three months during which businesses can still enter into new contracts using the Old SCCs. However, these contracts will also need to be updated to the New EU SCCs within the 18-month period.

Commission proposes a trusted and secure Digital Identity for all Europeans

Use of the European Digital Identity wallet will always be at the choice of the user.

Publication of costs and charges data by workplace personal pension providers

Our expectations of providers for the first publication of costs and charges information under the new rules.

US To Tighten Monitoring Of Foreign Crypto Investors In Concerns Over Tax Evasion

The proposal comes as more and more global concern is voiced over the possible tax gap between taxes owed and the taxes that are being paid on time.

The Cybercrimes Act signed into law and awaiting commencement date

The majority of the offences created by the Cybercrimes Act relate to data, messages, computers, and networks involving hacking, the unlawful interception of data, ransomware attacks, cyber forgery and uttering, and cyber extortion.

UAE Central Bank initiates public consultation on 'enabling technology' for financial institutions

The guidelines could be issued in the second-half of 2021, subject to the outcome of the consultation.

The future of RegTech – what do firms really want?

Increased efficiency created by implementing RegTech solutions was the next most commonly cited benefit, improving the company’s position and staying competitive.

A virtual space with real regulation

How does the MFSA regulate Virtual Financial Assets?

Japan's Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit

The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation.

Kuwait Central Bank cautions against crypto-assets

Banking regulators believe digital currencies pose a threat to the global financial system

Hong Kong SAR: Amending AMLO: The Next Step on the Road to Regulating Virtual Assets

In the Conclusion the FSTB has confirmed the approach it will take will be in line with most of the proposals in the Consultation Paper

American bank chiefs express caution over cryptocurrencies

Citigroup, Wells Fargo and BofA CEOs among attendees at fiery Senate hearing

Open Banking: Why we need to rethink the ‘90 day’ rule

The ’90-day’ rule as it was soon called, started to impact open banking providers as soon as it came into force in 2018.

Catch up in the cloud – regulatory reaction to COVID-19

While the industry has experienced an oft-touted acceleration towards digital services since the start of the COVID-19 pandemic, what are regulators doing to keep track?

Full Steam Ahead: Second Draft of China's Personal Information Protection Law and Data Security Law

The effect of this article is that online platform service providers based overseas, may need to comply with the above requirements even if they do not have an onshore presence, and/or will have to establish an office or appoint a legal representative in

Legal,Regulation,Tax & Compliance