Managers of Wealth Fintech

Acting selfishly has consequences right now – why ethical decision making is imperative in the coronavirus crisis

In fluid situations, these conditions are hard to meet.

Coronavirus Job Listings and Money Laundering Schemes

Scammers posing as a legitimate charity foundation are hiring online customer service representatives that are required to do some groundwork in an initial stage.

Singapore, Australia Agree to Promote Data Connectivity, Digital Economy

Under the DEA, both Singapore and Australia commit to prohibiting requirements for data localisation, which they say are an unnecessary barrier to trade and can drive up the cost of storing data for all businesses.

Cayman Set to Introduce New Virtual Asset Legislation

The Bill defines virtual asset services as providing one or more of the following services or operations for or on behalf of a natural or legal person

Singapore and Australia Agree to Enhance Data Connectivity in Financial Services

The DEA ensures that financial institutions operating in Singapore and Australia are able to transfer information that they generate or hold more seamlessly across borders.

Yapeal awarded first FinTech license in Switzerland

Under the Swiss FinTech license, banks are restricted to taking a maximum deposit of USD106 million.

Why the UK thinks tech giants deserve a digital tax

Sunak introduce a 2 percent tax on incomes from tech giants operating in Britain, especially those in search, social networks as well as shopping

Government and regulators' responses to Treasury Committee reports on IT failures and economic crime

The Government published its response to the Committee’s business rates report on 27 February 2020

LawTech Is Powering Growth In The UK Wills And Probate Industry

The report also finds that the UK leads the way in the legal technology market as the UK is home to almost half (44%) of all lawtech startups in the EU

A near record year for money laundering: Banks hit with $10 billion in fines

One remarkable finding in the report is that, despite a spate of new data privacy laws, they resulted in almost no fines.

Channel Islands Financial Ombudsman in breach of Data Protection laws

An early admission was made by the Channel Islands Financial Ombudsman as to the error and immediate action was taken to attempt to redress the situation.

SFC Considers Easing Data Storage Rules – Report

The industry bodies said to be negotiating with the SFC to soften the rules include ASIFMA and the HKSA (Hong Kong Securities Association).

HMRC warns against coronavirus email scam

Other scam calls may offer a tax refund and request you to provide your bank or credit card information.

Thailand: New Tax-reporting Obligation for Banks and E-payment Service Providers

Reporting Obligations of a Person with Special Transactions

PwC selects Salt Edge to join Digital Ecosystem Banking initiative

Salt Edge’s personal finance management (PFM) app where users can manage their finances holistically by connecting bank and e-Wallet accounts, is part of PwC’s Digital Ecosystem Banking.

Infosys draws flak over tax software glitch

Indian government wants chairman Nandan Nilekani to fix the issue as soon as possible

Exiled Bitmain Co-Founder Is Fighting Back With Second Lawsuit

The case adds to the ongoing litigation in the Cayman Islands Zhan has filed against the company he co-founded with Jihan Wu in 2013

Female traders trending upwards in UAE and Mena

Steve Weller, CEO Saxo Bank Mena Region, said: “As a fintech specialist we have always strived towards a democratised trading and investment landscape, and these findings highlight our strategy is working in terms of increased participation by femal

Second reprimand issued by Guernsey's Data Protection Authority

Update prepared by Helen Wyatt (Partner, Guernsey) and Rachel Guthrie (Senior Associate, Guernsey)

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

Legal,Regulation,Tax & Compliance