12/12/2018
Gibralter Fines WaveCrest Prepaid Crypto Card Company $315 000 for AML/CFT Failings
The company subsequently ran afoul of Gibraltar financial authorities and has now settled.
Legal,Regulation,Tax & Compliance
12/11/2018
HCL Technologies signs pact for digital transformation of Aegon
The Hague-based company, which serves about 29 million customers and employs over 28,000 people worldwide, wants digital scale up to improve customer self service and cement its position in the market.
12/09/2018
Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct
The numbers suggest that less than 2% of reported money laundering cases involved cryptocurrency.
12/07/2018
Bahrain cbank issues final rules on open banking
Open banking services entail the provision of two broad categories of services, said the top official.
12/06/2018
Swiss regulator publishes guidelines for relaxed FinTech Licence
FINMA is responsible for granting the FinTech licence
12/06/2018
MUFG Europe Selects Wolters Kluwer for Regulatory Reporting and Risk Software
The bank is an existing user of OneSumX for Regulatory Reporting, which uses a single source of data
12/06/2018
Central Bank of Kuwait outlines fintech initiatives
The system will cover various initiatives including the Government Electronic Banking System, Wages Protection System, Digital Currency and Automated Clearing House.
12/06/2018
Crypto Bank Seba Names Directors
Other Seba directors are Reto Kunz, Sébastian Mérillat, Guy Schwarzenbach and Urs Zulauf an.
12/05/2018
Simon Bodjanski talks Luxembourg RAIFs and Brexit’s impact on funds
Luxembourg introduced its RAIF fund regime in 2016, and the structure has proven incredibly popular with fund managers since launch. What was the thinking behind the launch and why has uptake been so enthusiastic?
12/04/2018
Singapore banks offered $21M in funds to boost cybersecurity capabilities
Funded under the country's Financial Sector Technology and Innovation Scheme, the grant would facilitate the development of "advanced cybersecurity functions" such as cyber threat surveillance and intelligence gathering, computer forensics,
12/04/2018
Chambers Ranks Top US Blockchain/Crypto Lawyers
Blockchain is a relatively new sector falling in the Fintech industry
12/03/2018
Developments in RegTech and SupTech - Patrick Armstrong
Demand is linked to regulatory changes and the need of market participants and supervisors to process large amounts of data. Supply factors primarily focus on advances in technology.
12/03/2018
Singapore’s First Crypto Litigation Highlights Need for Regulatory Clarity
The case raises the question of whether, and in what circumstances, a crypto exchange operator has the right to reverse completed transactions.
11/29/2018
Malaysia’s securities regulator unveils blockchain blueprint
The 25-page document also discusses the role of various stakeholders when implementing DLT-based infrastructure for unlisted and OTC markets.
11/29/2018
Singapore Digital Asset Industry Launches Best Practices
The first phase of the program is to create an industry-wide Code of Practice.
11/29/2018
Revolut secures Singapore and Japan licences
Challenger banking service Revolut is on an Asian roll as it has secured licences in Singapore and Japan for planned launches next year.
11/29/2018
Axioma seals contract with LGIM to implement Axioma Risk
Adel Malcolm, Head of Global Analytics at LGIM, said, “We are delighted to be partnering with Axioma as we expand our risk analytics capability so that we are well-positioned for the future.”
11/28/2018
Central Bank of Kuwait issues regulatory 'sandbox' framework for fintech
In Bahrain, local Islamic banks have collaborated with the Bahrain Fintech Hive in its first year.
11/28/2018
Liechtenstein Cryptoassets Exchange Granted Business License by Regulator
Also in August, a Liechtenstein-based bank, Union Bank AG, revealed that it had issued its own internal cryptocurrency backed by fiat.
11/27/2018
Digital Identities Pioneer IdentityMind Named to RegTech 100
The regulatory compliance technology finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the compliance function.