03/09/2020
Second reprimand issued by Guernsey's Data Protection Authority
Update prepared by Helen Wyatt (Partner, Guernsey) and Rachel Guthrie (Senior Associate, Guernsey)
Legal,Regulation,Tax & Compliance
03/08/2020
Nedbank data breach may leave victims open to fraudulent attacks, say experts
The breach took place at the premises of Computer Facilities, a direct marketing company that issues SMS and e-mail marketing information on behalf of the bank
03/05/2020
Legal blow to Indian central bank as crypto ban overturned
Two years after it ordered regulated firms to stop dealing in virtual currencies
03/04/2020
Momentum is building for compliance digitalization
Clearly, compliance departments are about to transform.
03/04/2020
MiFID II EMT
An overview of the changes for fund products and expectations on the transition plan for the industry.
03/03/2020
DFSA launch DFSA Cyber Threat Intelligence Platform
To access the Platform, users may complete the necessary information in the DIFC portal. This information will be shared with the DFSA in order to register.
03/03/2020
Bank of England passed tech firm for diligence three times
Central bank faces new scrutiny over audio feed leaks
02/27/2020
Latham Advises CDPQ as Temasek Invests in FNZ
New investor will enhance FNZ’s reach into Asian markets.
02/27/2020
Momentum grows for global minimum tax rate
Mr Le Maire added that there was “a consensus to build a solution by the end of 2020”.
02/26/2020
Sawtooth Solutions Signs Strategic Partnership With United Planners
Originally, Sawtooth began as a Registered Investment Adviser (RIA) and has lived firsthand through the same experiences facing advisory firms.
02/25/2020
Bank of Lithuania tests API-based RegTech prototype
The central bank says it will take under discussion further extensions of the prototype to other market participants.
02/25/2020
Is RegTech Coming of Age in Australia?
While this ten-fold increase is impressive, it nevertheless implies that 79% of those firms have yet to demonstrate comparable progress.
02/25/2020
Singapore-Based Digital Bank Raises Funds for Philippines Launch
Tonik, the first digital-only bank in Southeast Asia, has closed its first institutional round of funding.
02/25/2020
FCA admits data breach via website
The FCA said: "As soon as we became aware of this, we removed the relevant data from our website.
02/24/2020
AML guidance on engaging digital ID providers issued
The guidelines are out for consultation and, whilst generally positive, we suggest more thinking is put into helping regulated firms identify suitable digital identity schemes.
02/24/2020
Spain proposes 3% digital services tax
Spain will adopt any internationally agreed legislation
02/24/2020
Turn Regulation Best Interest into a Value Proposition
Recasting regulatory obligations as cultural commitments
02/24/2020
Shareholder Rights Directive (SRD II) - Meeting Your New Obligations
The countdown is on, creating a growing sense of urgency as firms plan for this mandatory change.
02/21/2020
NICE Actimize to support TONIK’s digital banking platform launch
It provides retail financial products including deposits, loans, current accounts, payments, and cards on a secure digital banking platform.
02/21/2020
Shaping Europe's Digital Future by President von der Leyen
AI will not only improve our daily lives, but Europe is already leading in AI.