Managers of Wealth Fintech

Hong Kong’s central bank to explore 11 use cases in phase 2 of e-HKD pilot

This phase of the HKMA’s digital currency programme will focus on efficiency and whether the e-HKD attracts and entices users, deputy CEO Howard Lee says

HSBC calls on tech firms to help refund victims of fraud

Bank says new UK compensation rules will fail to curb APP scams and prove financial sector is not the problem

Disclosure of algorithms envisaged under EU GDPR

The opinions offered by advocates general to the CJEU are non-binding on the court’s judges

Millennium Consulting launches digital tax product

As UK businesses focus on compliance and adopt MTD software, business leaders are actively seeking reliable solutions to ensure adherence and avoid penalties.

Let data be used to train AI, EU urged

This begins with the training of the model and continues throughout the entire lifecycle of the product. AI without constant feedback is useless.

UK government takes aim at late payments laws

A new Fair Payment Code has been announced by the UK government to manage late payments that cost SMEs.

From boardroom to breakroom – Embedding data privacy into company culture in Singapore

Recent data protection enforcement cases in Singapore have shown that failures in data protection often result from a lack of basic understanding and responsibility at all levels.

Australia gives priority to wholesale CBDC over retail

It concludes that a clear public interest case to issue a retail CBDC has yet to emerge in Australia.

JTC Welcomes Updated Jersey Guidance On Real-World Asset Tokenisation

The new guidance on real-world assets is supported further by additional updated guidance, published simultaneously by the JFSC

B.C. regulator fines offshore crypto trading platform $500K, bans it from financial markets

A panel of the B.C. Securities Commission imposed the sanctions on LiquiTrade Ltd.

Jersey publishes new guidance on the tokenisation of real world assets

The guidance aims to clarify the process for issuing a digital representation of a real world asset on a blockchain by a Jersey issuer

NIS2 compliance hampered across EU as October deadline approaches

A staged approach to incident notification is provided for under the directive, with obligations kicking in after 24 hours, 72 hours and within a month of the incident

Finnish police suspect US crypto influencer of gross tax evasion and assault

Richard Schueler — also known as Richard Heard — founded the cryptocurrency firms Hex and PulseChain and has used social media to promote them.

FinTech organisations slow to embrace strategic risk navigation in compliance, study shows

This survey further investigates the “how” and “why” behind this discrepancy

Australian Cyber Ready survey: balancing proportionality and severity

A new report from global law firm Herbert Smith Freehills reveals that while Australian organisations are increasingly concerned with cyber risk, their preparations may not be aligned to the nature and extent of the risk.

DGGI Mulls Partnering With Foreign Governments To Prevent Online Tax Evasion

The GST intelligence wing said that unique challenges in tax enforcement in this sector necessitate out-of-the-box interventions to plug revenue leakage.

Harnessing technology for efficient financial crime investigation

The 2023 State of Tax Justice report highlights a staggering annual loss of $480bn

Revolut reportedly applies for EMI licence with UAE central bank

Revolut first established an office in the Dubai International Financial Centre (DIFC) in 2022

Google PaLM 2 AI model under scrutiny by Irish watchdog Data Protection Commission

It seeks to ensure, among other things, that the processing is necessary and proportionate and that appropriate safeguards are in place in light of the risks.

How UBO verification can safeguard against financial crimes

This verification aids in mapping the ownership landscape of a company, which is pivotal for risk assessment and regulatory compliance with Anti-Money Laundering (AML) directives.

Legal,Regulation,Tax & Compliance