Managers of Wealth Fintech

Regulatory technology services: FTS

Firm has helped the Central Bank of Oman and others to fix blind-spots in their risk-based AML/CFT supervision

FCA seeks regulatory clarity over lacklustre AI adoption by UK banks

The roundtable discussion, to be held in London in May will seek to adress the challenges faced by firms

Chocolate Finance Temporarily Suspends Instant Withdrawals

Chocolate Finance's customer deposits are held separately by custodians HSBC and State Street.

Strengthening defences against evolving threats from the Southeast Asia region

This is a risk for international finance centres globally as a result of the international reach of their nature of business.

Vietnam PM Directs Finance Ministry, Central Bank to Draft Crypto Framework

The absence of a formal legal crypto framework in Vietnam has pushed many businesses to register abroad

Salmon & PSA Set To Integrate National ID eVerify Into Its Platform

The integration of National ID eVerify makes financial services more accessible, especially for those in remote areas or who have difficulty with traditional verification methods.

The untapped compliance challenge: Why voice is the next fovernance frontier

This process is essential for adhering to regulatory frameworks like MiFID II, DORA, and SEC regulations, making it a critical component of modern compliance strategies.

Recent Changes in APP Fraud Regulations – What Banks and Fintechs Need to Know | ACI Worldwide

APP fraud happens when scammers trick legitimate account holders into sending money to fraudulent accounts.

Bitcoin ATM operator jailed for four years

Osunkoya is understood to have made substantial profit from the operation, charging a typical markup on each transaction of between 30% and 60%.

Singaporeans Should Stay Clear of Cryptocurrencies, Says Alvin Tan

MAS has barred crypto platforms from offering credit or leverage, including credit card payments, due to high debt risks

J Trust Bank reports fintech startup Crowde for alleged loan embezzlement

However, based on the results of an internal audit, the bank found violations of the Cooperation Agreement, or PKS, particularly in the distribution of loans.

MHA warns public against scammers who 'pivoted playbook' to evade banking safeguards, target crypto assets

While cryptocurrency is largely unregulated, only a fixed number of digital payment token service providers have been licensed by the Monetary Authority of Singapore

SEC dismisses Coinbase action

The SEC’s complaint also alleged that Coinbase’s holding company, Coinbase Global Inc, was a control person of Coinbase and was thus also liable for certain of Coinbase’s violations.

Central bank says Revolut needs licence to do business in Ukraine

The central bank notes that Revolut Bank UAB is a Lithuanian-based foreign bank that provides financial services under a license that allows it to operate in European Union countries.

Singapore Warns of Multi-Stage Scams Posing as Shopee, UnionPay, MAS

The victim is then told that unless they cancel the policy, recurring fees will be deducted from their bank account.

Stripe achieves $91.5bn valuation with employee share sale

The news comes just weeks after reports that the company was in talks to carry out an employee share sale at a valuation of around $85 billion.

Regulator opens consultation on future of Jersey’s telecoms market

Telecoms services and the regulatory framework are critical to Jersey’s economy.

OKX Operator Fined US$505M, Pleads Guilty to U.S. Anti-Money Laundering Violations

OKX’s costly penalty signals growing regulatory pressure on crypto exchanges.

New Zealand Introduces Rule Changes to Welcome Digital Nomads

These updates aim to revive the tourism sector and attract highly skilled talent, helping to address New Zealand’s workforce challenges and drive economic growth.

European Commission Publishes Guidance on Prohibited AI Practices Under the EU AI Act

This alert summarises the Guidance for businesses considering AI use cases that may fall within the scope of the prohibitions

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