Managers of Wealth Fintech

FINRA 2.0

FINRA will also continue to focus on the challenges that the increasingly broad array of digital communications

Consumer warning of 'profiling for profit' by fintechs

The Financial Rights Legal Centre and Consumer Action Law Centre says the enhanced privacy protections in the government's consumer data right legislation are crucial to protect customers

Proposed changes to the taxation of digital services

One of the main tax challenges identified as a focus area of the BEPS project is the digital economy and how taxing rights for cross border income generating activities should be allocated to individual countries.

EBA identifies trust challenges from growing use of Big Data and AI in finance

Trusts based elements revolve around ethics, explainability, avoidance of bias, data quality and consumer protection.

JT selected as Prime Partner to support Guernsey’s digital future

They have also worked with the States of Guernsey on key projects for over 8 years.

Sabric working 'closely' with network providers to address number-porting scam

Fraudulent number porting is not new and is done by fraudsters as an alternative to SIM swaps, so that they can receive all communications intended for the victim

MAS Receives 21 Applications for Digital Bank Licences

MAS will announce the successful applicants in June 2020. Successful applicants are expected to commence business by mid-2021.

Digital Capital Management Suing Law Firm over ‘Erroneous Advice’

From here, Digital Capital Management indicates that the firm advised them that crypto-assets are not viewed as securities.

Fintech regulation to watch in 2020

Attorneys say stakeholders are likely to see increased awareness of fintech issues in the national capital in 2020

Faegre Baker Sued by Crypto Fund Manager

The suit against Faegre Daniels alleges the firm advised the plaintiffs that “Crypto Assets are not securities” and to thus structure the fund’s business “accordingly.” The advice was “erroneous,” the complaint sa

Google says it will no longer use 'Double Irish, Dutch sandwich' tax loophole

Technique allowed the tech giant to delay paying US taxes on international earnings for years, and pay a lower tax rate overseas

Right of Access under GDPR: Draft Guidance from the UK ICO

Key takeaways

Beijing warns against cryptocurrency activity

Many entities have begun to use digital assets in ways the authorities say violate rules implemented in 2017

IRELAND UPDATE: European Commission consults on an EU framework for markets in crypto-assets

The Commission and European Council have jointly declared that they are “are committed to put in place the framework that will harness the potential opportunities that some crypto-assets may offer”.

Crackdown on data leaks prompts slump in suspicious trading activity

There has been a 92pc decline in suspect swings in the pound ahead of major announcements since the Office for National Statistics stopped giving hundreds of officials information in advance, academics found.

Global Financial Markets Regulatory Review - December 2019 Edition

The reports for each country include links to further information and contact information for Dentons professionals.

The future of technology in regulatory compliance for hedge funds and private equity firms

There is a growing expectation that financial institutions need to strongly consider modernizing their regulatory operations

Police freeze $26m of Aussie tech unicorn's funds after alleged fraud

The funds flowed through Airwallex after Uruguayan company Ciklus was allegedly defrauded.

Credit Suisse hit with $6.5 million U.S. fine for supervisory lapses

In settling this matter, Credit Suisse neither admitted nor denied the charges, but consented to the entry of FINRA’s and the Exchanges’ findings.

HSBC and JPMorgan Traders Accessed BOE Audio Feed, FT Says

Banks try to establish whether staff used feed probed by FCA

Legal,Regulation,Tax & Compliance