Managers of Wealth Fintech

They steal 14 million dollars in cryptocurrency with hacker attacks on Cayman Islands exchanges

The suspects had been present in Italy for several weeks and moved frequently between different exclusive locations.

Mastercard to cut around 1000 jobs

Payments firm Mastercard intends to cut its 33,400-strong workforce by three per cent, according to Bloomberg.

PSR sets out next steps for variable recurring payments in the UK

The regulator will now offer updated proposals in the autumn for further stakeholder comment.

Dubai court recognizes crypto as a valid salary payment

Heaver believes this shows a “progressive approach” to integrating digital currencies into the country’s legal and economic framework.

Bank Negara fines local banks for e-banking service outages

It said the investigation revealed that Maybank's failure to quickly recover from unexpected system disruptions caused significant problems with its online banking services for customers and partners.

Finma on stablecoins: “Same business, same risks, same rules”

Rather, the supervisory authority wants to show the industry how risks can be limited and problematic situations avoided.

Keir Starmer and Prince William used in deepfake crypto scam

People that click on the ads are taken to a landing page and asked to enter their names, phone numbers and email addresses.

HSBC joins Open Property Data Association

HSBC is the latest UK high street bank to join the Open Property Data Association, backing efforts to bring a standardised approach to sharing digital data in the home buying process.

Nikko Asset Management gets UK stewardship nod

Nikko AM’s submission is structured around how the firm addresses these principles in its investment management and other operations

UK proposes New Cyber Security and Resilience Bill to Boost the UK’s Cyber Defences

The King’s Speech also addressed the UK Government’s intentions towards establishing legislation to regulate the development of artificial intelligence (AI).

Judge orders Ripple to pay $125m penalty

Despite the penalty, CEO Brad Garlinghouse has claimed the ruling is a victory for Ripple, noting that the SEC had asked for $2 billion in penalties.

Canadian crypto exchange gambled away $9.5M of users’ Bitcoin and Ether

The British Columbia Securities Commission reveals how ezBtc’s founder misappropriated millions in customer funds for personal use, leading to significant investor losses.

Tether sued for $3.5 billion for liquidating Celsius loan collateral

Celsius struck a ‘token agreement’ with Tether in February 2020

Insider cyber-heist allegedly cost South African company R180 million

Kurtz has already approached the court for leave to appeal.

Sav secures Dubai license

This endorsement empowers us to streamline and innovate, bringing all financial solutions under one roof, enhancing how users interact with their money.

How KYC is reinventing financial security standards globally

These frameworks help ensure that institutions abide by regulatory guidelines

New Cyber Security Bill to be brought before Australian parliament

The Bill is part of a suite of proposed reforms aimed at modernising the law for a digital age

Graceview secures $1.5m investment to enhance AI-driven compliance

The funds will primarily be used to accelerate the commercial rollout of Graceview’s platform

Nuvei set to obtain licence in Brazil with proposed acquisition of Pay2All

While the outlined takeover remains subject to regulatory approval, Nuvei appears to be doubling down on its expansion efforts across the LATAM region.

How will the new European Artificial Intelligence (AI) Act impact Irish employers?

The AI Act directly affects business operating within the EU, whether they are providers, deployers, importers, distributors, or manufacturers of different AI systems.

Legal,Regulation,Tax & Compliance