Managers of Wealth Fintech

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

Switzerland to widen tax information exchange to crypto assets

Switzerland is aiming to implement the new reporting framework published by the OECD to incorporate crypto assets.

Payment fraud on the rise: Regulator pushing various initiatives to support clients and industry

With the rise of social media and advanced scamming techniques, banks are increasingly confronted with a type of fraud called Authorized Push Payments

Revolut doubles down on hybrid working

The memo arrives as the the global fintech prepares to move to a recently refurbished tower block in the heart of Canary Wharf

Singapore records surge in mobile wallet scams

The Singapore Police Force is warning of a rise in scams using phished card credentials and mobile wallets.

Canadian securities regulators engage industry on data portability discussions

The CSA Collaboratory’s first project will focus on data portability and the process of collecting client information digitally.

Argentina's President Milei denies crypto fraud allegations

A judge will now determine if the president should face fraud charges over the incident.

Scammer impersonates Bermuda premier, promotes fake token

Since the scammer began posting, numerous Bermuda National Coin tokens have appeared on the Solana-based memecoin launch platform Pump.fun.

EBANX Moves Closer to Full Payment License in Singapore

Currently, 39% of EBANX’s processed volume comes from APAC.

States of Guernsey IT outage results in Data Protection Authority recommendations

The Inquiry also found that prior to the incidents, P&R had failed to implement an IT disaster recovery plan.

Zepz to axe 200 jobs

London-headquartered money transfer outfit Zepz is laying off around 200 employees, according to CNBC.

Payoneer gets Chinese approval to buy payment service provider

The transaction is expected to close in the first half of 2025

APEX Global regulatory update Q4 2024

In Europe, the UK and Channel Islands are updating rules on crypto-assets, ESG, financial services, and anti-money laundering.

Crypto Corner: Stay vigilant and safe

The Social Market Foundation estimates that 40% of fraud victims are targeted more than once, highlighting the need for awareness.

HMRC spends £785m a year on running digital tax systems

The NAO report said that three of its eight most costly tax-related digital programmes involved remediating legacy systems in 2023-24.

Capgemini CEO says EU went 'too far' with AI rules

The EU says its AI Act is the world's most comprehensive law governing the use of AI, but it has been criticised by some companies for stifling innovation.

Syfe Offers AUD$65 Million to Acquire Australia’s Selfwealth

The Singapore-based platform seeks to expand Australian presence and enhance digital investing offerings through strategic acquisition

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