Managers of Wealth Fintech

South Korea to Regulate Cryptocurrency Exchanges Just Like Commercial Banks

The latest proposal by the Korea Financial Intelligence Unit comes to prevent the use of digital currencies for illicit activities.

Digital Jersey signs cryptocurrency MoU

We can provide a permissive sandbox for innovative crypto businesses to thrive without moving away from the general high standards of regulation that apply in our jurisdiction.”

US Bank Wells Fargo Bans Crypto Purchases With Its Credit Cards

With this move, Wells Fargo joins a wave of financial institutions banning the purchase of cryptocurrency with their credit cards.

Cryptoassets and Financial Crime

Following a risk-based approach does not mean banks should approach all clients operating in these activities in the same way.

Facebook shared user details with firms after cutting developers' access

Wall Street Journal details access to data during 2015

Beyond 25 May: The legacy of GDPR

The introduction of the rules has proved particularly timely following the Cambridge Analytica data scandal.

Guidance issued on tax treatment of cryptocurrency

Operators for this purpose include intermediaries, brokerages, providers of platforms and dealers.

A Rose by Any Other Name: SEC Clarifies Cryptocurrency Rules

“We’ve got guys with bags of cash headed for the border” because of unregulated crypto offerings, says SEC Chairman Jay Clayton. “I’m protecting the integrity of the market.”

Has Hong Kong's Legal Tech Moment Arrived?

A movement is taking hold in the city to bring legal tech into the mainstream and make Hong Kong a legal tech player in its own right. Will it succeed?

The digitalisation of banking – supervisory implications

Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at the Lisbon Research Centre on Regulation and Supervision of the Financial Sector Conference, Lisbon, 6 June 2018

Abu Dhabi and Hong Kong further fintech collaboration

The HK-SFC and the FSRA have been active advocates of FinTech developments

ICOs and good governance

This difficulty in establishing the correct banking architecture for these businesses undermines the ability of operators to ensure the integrity of their financial governance and is proving a real obstacle to the growth of the sector.

BASEL III: Complying with disclosure requirements, pillar three

At SS&C, we have developed a solution for asset managers that incorporates all template requirements as well as other plausible data requirements

Hong Kong publishes revised guidelines on authorisation of virtual banks

All respondents supported the introduction of virtual banking in Hong Kong.

Life after MiFID II and GDPR – new research reveals the future of compliance

Every new rule and regulation can ultimately be turned to commercial advantage, with 93% of respondents saying that compliance could be used strategically

A rose by any other name might still be a security

Another prominent lawsuit filed in California Superior Court on May 3, 2018, may also force judicial guidance.

Chinese internet group gets shareholder approval to reorganize in Cayman

The Beijing-headquartered company intends to proceed with the liquidation of the Delaware entity on May 31.

JFSC and OIC issue joint statement on data law

The Data Protection Law 2018 will be regulated and enforced in Jersey by the Office of the Information Commissioner.

Carey Olsen advises Ultraviolet on blockchain research application platform ICO

Cayman Islands partner Alistair Russell led the Carey Olsen team advising Ultraviolet and was assisted by counsel Dylan Wiltermuth.

Technology and global ties: turning the tide on financial crime

Speech by Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered at the Anti-Money Laundering TechSprint, London.

Legal,Regulation,Tax & Compliance