05/01/2018
Financial Engines Sold To PE Firm For $3 Billion
Transaction Would Combine Financial Engines and Edelman Financial Services, Creating Unparalleled Independent Registered Investment Advisor
Legal,Regulation,Tax & Compliance
05/01/2018
SAMA launches Fintech Saudi initiative to enable financial technology sector
Fintech Saudi is expected to launch a number of workshops, educational and awareness activities targeting university students, investors, companies and banks to introduce the initiative and its contribution to a qualitative shift in the provision of finan
05/01/2018
Bermuda House of Assembly passes ICO Act
The Act affects those who are interested in creating, promoting, investing in and using ICOs and digital assets as well as companies who are seeking to raise capital through initial coin offerings.
04/30/2018
EU Plans to Regulate Online Platforms and Search Engines
New proposed EC Regulation would impose transparency obligations vis-à-vis business users and introduces collective redress.
04/30/2018
Guernsey Finance publishes global distribution strategy statement: connecting to the parts of the world managers want to reach
The strategy statement sets out the aim by which Guernsey intends to become the global jurisdictional platform supporting managers to reach global markets
04/29/2018
Cayman Islands Monetary Authority Issues a Statement on Virtual Currencies
ICOs are often unregulated and involve new technologies and products that are highly technical and complex.
04/27/2018
Danske Wealth Management Robot Gets Caught Shirking Regulations
Danish regulator reprimands Danske’s asset management robot
04/27/2018
Vietnamese investors hit in ICO ‘scam’, but sentiment strong
Officials are probing an alleged $660-million crypto startup fraud, but investor sentiment remains strong; the govt needs to catch up, an academic says
04/27/2018
Malaysian regulator may issue robo adviser licences by mid-year
The robo advisory fund business incorporates innovative technologies into discretionary portfolio management services.
04/25/2018
UK finance chiefs call for regulatory crackdown on tech giants
Oversight of platforms should be brought into line with that of banks
04/25/2018
Cayman regulator issues ICO statement focused on investor protection
Ogier's Digital, Blockchain and Fintech group expects CIMA to release guidance on anti-money laundering concerns related to virtual currencies in the near future and will provide further updates accordingly.
04/25/2018
Another fork in the road? Cryptocurrency class action lawsuit alleges securities violations and demands “rescue fork” as remedy
Cryptocurrency companies and users are waiting to see how the legal and regulatory industries react to them and the underlying Blockchain technology.
04/24/2018
Barclays Bank launches lawtech hub
Barclays Bank has joined forces with law firms and academia to launch a new lawtech hub in London.
04/22/2018
DIFC’s FinTech Hive expands accelerator programme
Insurance, Islamic finance and regtech services to be included
04/20/2018
Softbank failed to report Bermuda earnings
The US companies had arrangements to divert part of the money they paid for business purposes to their subsidiaries in Bermuda so as to maximise profits, according to the newspaper.
04/17/2018
Bermuda Tables Initial Coin Offering (ICO) Legislation
A company wishing to launch an ICO can incorporate within the typical timeframe of 24 to 48 hours using Bermuda’s usual incorporation procedures.
04/05/2018
Japanese and Swiss regulators ink fintech pact
This Cooperation Framework recognises the global nature of innovation in financial services and intends to enhance the relationship with FINMA on FinTech.
04/05/2018
South Africa's central bank mulls cryptocurrency regulations
The self-regulatory organisation (SRO) would be a non-governmental body with the power to publish its own rules, directives and industry standards
04/05/2018
Indonesia goes hi-tech in hunt for tax assets after amnesty
The majority of Indonesia’s more than 250 million people do not pay tax and many are not even familiar with the concept of paying.
04/05/2018
South Africa’s Central Bank to Setup Cryptocurrency Self-Regulatory Organization
“Regulating cryptocurrencies prematurely could have the negative consequence of throttling the growth and innovation of the industry.”