11/03/2020
How Will Increased Privacy Regulation Affect Bank Marketing?
Ron van Wezel, senior analyst for the Aite Group, says privacy and data protection are becoming central to bank policies.
Legal,Regulation,Tax & Compliance
11/03/2020
Transforming Risk Management and Compliance: Harnessing the Power of Regtech
The HKMA strongly believes that Hong Kong has the right foundations to support a thriving Regtech ecosystem, and ultimately become a Regtech hub.
10/30/2020
Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering
The man and woman were residents of North Holland’s Hilversum and the couple will face two and a half years in prison for their crimes. Dutch prosecutors noted during the trial that the traders did not leverage proper KYC/AML guidelines while operat
10/30/2020
Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body
Racela cited as an example the Maute Group that attacked Marawi City and clashed with state forces in 2017.
10/30/2020
Supreme Court of Bermuda Expands Use of Remote Hearings
applications. This was the case for the Court’s recent appointment of ‘light touch’ provisional liquidators over Samson Paper Holdings Limited (HKEx Stock Code 731, hearing on 24 July 2020) and Ping An Securities Group Holdings Limited (
10/29/2020
Data protection – changes to ODPA registration requirements
Update prepared by Helen Wyatt (Partner, Guernsey) and Jonathan Stevens (Associate, Guernsey)
10/28/2020
Credit agency told to stop sharing data without consent
Credit reference agency Experian has been sharing the personal information of millions of people without consent and must stop, the UK's information commissioner has ruled.
10/27/2020
Ant IPO sheds light on China’s new growth model
Beijing backing tech champions to speed up recovery amid pandemic and US row
10/27/2020
Westpac rolls out customer complaint resolution system
Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.
10/27/2020
Fed and Treasury asks public for comment on new travel rule for crypto
“The proposed rules give greater clarity and regulatory certainty to those operating with CVCs. This will be a positive for the industry.”
10/27/2020
First comprehensive digital asset wealth management platform receives regualatory clearance
Opalesque Industry Update - Two Ocean Trust, a Wyoming-chartered trust company that provides wealth management services for high-net worth individuals, family offices, and advisers, announced the launch of a comprehensive suite of digital asset products a
10/23/2020
Focus on the future of banking supervision in a changing world
International banking supervisory community meets virtually
10/22/2020
UniCredit inks remote working agreement with employee reps
UniCredit has become the latest firm to rethink its long-term attitude towards where staffers work in the wake of Covid-19, agreeing a deal to give all employees the chance to spend a part of their week working from home.
10/22/2020
JPMorgan Chase enters mPOS arena
JPMorgan Chase is taking on Square and PayPal with an app and contactless card reader linked to a business checking account.
10/22/2020
Step Away From the Regulation: The Solution to Soaring Compliance Costs
These increased demands require firms to devote more resources and budget to compliance, with a substantial impact on their bottom line.
10/20/2020
FCA taken to complaints commissioner over data breach
The FCA admitted the breach in February this year and confirmed it had referred itself to the Information Commissioner’s Office over the incident.
10/18/2020
Software CEO Robert Brockman charged in $2 billion tax evasion case
Brockman made an initial federal court appearance Friday, where he pleaded not guilty on all counts and was released on a $1 million bond, according to a report from the Wall Street Journal.
10/16/2020
Future Market Dynamics Part 3 – data sharing, trust and a world of choice
Data can have the characteristics of a public good – it creates benefits for society as a whole and those benefits increase the more data is used and the more widely it is dispersed.
10/16/2020
Introducing MiCA: Europe's proposed cryptoasset laws, explained
The Commission’s proposals for a ‘Regulation on Markets in Crypto Assets’ (“MiCA”), when implemented, will transform the legal landscape for cryptoassets, including utility tokens and stablecoins.
10/15/2020
EBA changes software capital rules for banks
The European Banking Authority has set out plans to let banks include software assets in their capital requirement calculations, helping lenders to boost their safety buffers.