11/23/2017
Al Salam Bank Seychelles selects AMLtrac
For the purposes of PEP, SOE, adverse media and other enhanced checking AMLtrac are integrated into the Dow Jones database of over 2.4 million data elements as its data source.
Legal,Regulation,Tax & Compliance
11/23/2017
Malaysia to Place Bitcoiners Under Existing Anti-Money Laundering Laws
Such persons “would be designated as reporting institutions under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.”
11/21/2017
Singapore regulator calls for more feedback on payments law
MAS points out that activities that face customers or merchants, process funds or acquire transactions, and pose relevant regulatory concerns will need to be licensed.
11/20/2017
Fiorano Launches PSD2 Solution for Banks for Seamless Regulatory Compliance
Proven Middleware leader brings PSD2 Solution to Market to help European Banks Accelerate compliance to Revised Payment Service Directive
11/20/2017
How to manage the risks of mass data breaches under gdp
The Supreme Court granted permission to appeal but the appeal has not gone ahead.
11/17/2017
Cyber-risk insurance co At-Bay raises $6m
At-Bay actively monitors client risk year-round and works with them to control it.
11/16/2017
Embracing technological innovation to transform asset management
MiFID II will only add to the pressure by making funds more transparent with respect to transaction costs.
11/15/2017
MAS and Polish Financial Supervision Authority expands co-operation in FinTech
We believe that it will create more value-adding opportunities and platforms for knowledge-exchange between both jurisdictions.
11/15/2017
FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II
This is a natural progression to address the MiFID II requirements that will affect many global firms.
11/12/2017
Australia and UK ‘on verge of’ inking new fintech deal
Who has something of a reputation for no-nonsense straight-talking.
11/09/2017
DFSA Grants Sarwa Digital Wealth Ltd In-Principle Approval for Innovation Testing Licence
The DFSA’s ITL is a restricted financial services licence that allows qualifying FinTech firms to develop and test innovative concepts from within the DIFC, without being subject to all the regulatory requirements that normally apply to regulated fi
11/09/2017
China’s cryptocurrency ban is not what it seems
The People’s Bank doesn’t want a crypto-free country – it wants to own the market.
11/09/2017
Hermes Selects Red Deer’s MiFID II solution
The added advantage of preventing inducement across the firm.
11/08/2017
Planning an initial coin offering? Know what the rules are in asia
The cryptocurrency phenomenon sweeping through the internet owes much of its fame to Bitcoin.
11/07/2017
China Everbright Bank Opts for Wolters Kluwer’s OneSumX for Regulatory Reporting
This unique service is maintained by Wolters Kluwer experts who actively monitor regulation in approximately 50 countries, helping to ensure the solution is current at all times.
11/06/2017
Venture Capital, Tech and Start-ups – the Funding Frenzy in Asia
Smaller venture capital and early-stage private equity deals are also increasing.
11/06/2017
MAS to tighten cybersecurity, loosen sandbox rules
Some 20 global banks and insurers have set up innovation labs; more than 400 fintechs have settled in
11/06/2017
Old Mutual compensates couple after ‘misleading’ online information
The couple complained that Old Mutual Wealth refused to amend the website or pay compensation for the error.
11/06/2017
Charles River and OpenDoor Partner to Expand Fixed Income Liquidity Access
Under the agreement, Charles River clients will be able to participate in OpenDoor’s daily anonymous auctions from their trading blotter.
11/03/2017
BearingPoint Wins Award for Regulatory Reporting
Chartis Research, the leading provider of research and analysis on the global market for risk technology, honors BearingPoint in its new rankings report