10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
Legal,Regulation,Tax & Compliance
10/12/2018
Asia needs region-wide approach to harness fintech's full potential, says ADB
Disintermediation of fintech services or concentration of services among a few providers could also pose a risk to financial stability.
10/10/2018
Singapore eases rules for robo-advisors
This is on the condition that they put in place measures to mitigate the risks of providing unsuitable investment recommendations due to limited client information.
10/09/2018
Belgium’s bank Selects Wolters Kluwer to Provide AnaCredit and Regulatory Reporting Software
This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 30 countries.
10/08/2018
New Ordinance On Electronic Agent Use In Guernsey
The purpose of the Ordinance is to provide certainty regarding the use of electronic agents in contract formation, execution, performance and termination under Guernsey law.
10/07/2018
Discussion paper released on taxation of digital economy
Australia is committed to working with other countries, through the G20 and the OECD, to develop sustainable, multilateral responses to address the challenges to our tax systems arising from digitalization.
10/07/2018
FCA: 6th TechSprint to be held in Edinburgh
RegTech applies to new technologies developed to help overcome regulatory challenges in financial services.
10/05/2018
Luxembourg and Australia agree fintech pact
Both our jurisdictions are leaders in funds management and other financial services. ASIC is very interested in learning from the fintech and regtech innovations that are taking place in the Grand Duchy.
10/04/2018
The state of implementation of MIFID II and preparing for Brexit
WFE Annual Meeting 2018 - Hotel Grande Bretagne, Athens, Greece
10/04/2018
ESMA withdraws MiFID automated trading guidelines following their incorporation into MiFID II
Following the entry into force of MiFID II on 3 January 2018, ESMA has reviewed the guidelines in order to establish whether, in the context of the new legislative framework, they need to be amended or repealed.
10/04/2018
Value Partners’ robo firm loses licences
Value Partners Technology Systems no longer has its licences in Hong Kong after the regulator removed them last month.
10/04/2018
Global Financial Institutions Fined $26 Billion for AML, Sanctions & KYC Non-Compliance Since 2008 Financial Crisis
Over the past ten years, regulators across the US, Europe, APAC and the Middle East have levied nearly $26 billion dollars in financial penalties against financial institutions for AML/KYC and sanctions-related violations.
10/03/2018
IRTA launches new ‘IRTA Principles for RegTech Firms’
Work on these Principles will be ongoing; following the webinar, the IRTA has issued a ‘Call for Input’ to gather feedback from RegTech stakeholders around the globe and will publish a second iteration in March 2019.
10/02/2018
Hong Kong Monetary Authority’s ‘regtech’ push raises transparency concerns at financial institutions
De facto central bank backs broader use of technology in regulation but machine learning and artificial intelligence pose questions about opaqueness of processes
10/01/2018
e-payments to be regulated by Kuwait Central Bank
Al-Hashel added that a team of experts has been assembled to look into the most cutting-edge financial services and products to help the sector grow.
09/30/2018
Japanese cryptocurrency industry group plans to tighten rules on asset management after thefts
In the recent hacking case, about ¥7 billion worth of cryptocurrencies were stolen from an exchange run by Tech Bureau Corp., an Osaka-based startup.
09/30/2018
Internal audit needs to go digital
In many organisations in the Gulf region, internal audit is still regarded as a cost centre rather than a necessary support function
09/28/2018
Lack of regulation may have hindered fintech development - MEVP CEO
The amount invested in fintech firms around the world in the first half of 2018 has surpassed the figure for the whole of 2017
09/26/2018
Quorum 15, Greenwich Launch Q15 Digital
Quorum 15 was established in 2008 to encourage dialogue between buy- and sell-side institutions and build consensus around the key issues impacting the trading of equities, fixed income and FX.
09/26/2018
Swiss Bankers Association Issues New Guidelines to Prevent Crypto Companies From Relocating
To ensure that blockchain-related projects can remain fully functional within the country, the Swiss Bankers Association (SBA) has released a new set of guidelines on September 21 that intend to bolster the availability of financial services to cryptocurr