12/12/2022
Bahamas attorneys file emergency motion in FTX case for access to databases with client information
Google’s technology served as an analytics platform for FTX International’s data.
Legal,Regulation,Tax & Compliance
12/12/2022
Santander UK fined £107.7m for repeated AML failures
The FCA highlighted one case where a new customer had opened an account as a small translations business with expected monthly deposits of £5,000.
12/12/2022
Starling set to create 1,000 jobs in new Manchester office
CEO Anne Boden said there was “never any doubt” that Manchester would mark the bank’s first step into the North.
12/07/2022
Carey Olsen recognised as a leading offshore law firm for FinTech in Chambers 2023
Carey Olsen was also ranked Band 2 in the Cayman Islands
12/07/2022
ECB publishes documentation on digital euro prototyping exercise
The material published provides the information needed by any market participant to develop front-end prototypes compatible with the Eurosystem’s back-end infrastructure
12/06/2022
Court backs cryptocurrency exchange bid to trace alleged fraudsters
The six cryptocurrency exchanges have also been ordered to explain
12/06/2022
Bybit lays of more staff to weather crypto storm
The twitter post sparked an anxious response from jittery users
12/06/2022
Withers tech advises vacation rental software platform Lodgify in $30 million Series B funding round
Withers is at the forefront of thought leadership for real estate and hospitality innovation.
12/05/2022
TrustQuay signs technology agreement with Perpetual Guardian
Having been in business for more than 135 years – and with offices around the country servicing over 140,000 client relationships – Perpetual Guardian has unsurprisingly amassed a complex and varied landscape of legacy software.
12/05/2022
EU agrees new rules on online credit
The legislation will cover credit agreements of up to €100,000.
12/02/2022
Fintechs savaged over Covid loan fraud
Similar investigations in the UK found that £1.1 billion of loans in the Bounce Back Loan scheme were suspected to be fraudulent.
11/30/2022
Meta GDPR fine levied over data protection by design and default
The enforcement action taken by the Data Protection Commission (DPC) also includes an order for Meta to bring its personal data processing into compliance with the requirements.
11/30/2022
NIS2 cyber laws approved by EU legislators
The NIS2 is likely to have effect in national legislation across the EU by early October 2024 at the latest.
11/30/2022
Australian banking system cushioned for imminent climate change-related risks - regulator
The study predicted bank losses could be higher from lending to sectors that more exposed to risks associated with transition to a lower emission economy, such as mining, manufacturing and transport.
11/28/2022
Cloud gaming and mobile browsers market investigation opened in the UK
Market investigations generally must be completed within 18 months
11/28/2022
Singapore Fintech Association Appoints Experian to Operate Its BNPL Bureau
The code of conduct was launched by the BNPL Working Group
11/28/2022
Polish regulator takes aim at PayPal
UOKiK says that prohibited activities have been described "imprecisely".
11/25/2022
EBA publishes guidelines on remote customer onboarding
The Guidelines apply to all credit and financial institutions that are within the scope of the Anti-money Laundering Directive (AMLD).
11/24/2022
Securities Commission Statement on Transfer Motion In FTX Digital Markets Chapter 15 Proceedings
FDM was incorporated in the Commonwealth of The Bahamas on 22 July 2021; it was duly registered as a digital asset business under The Bahamas’ Digital Assets and Registered Exchanges Act, 2020.
11/23/2022
Estonian men arrested over $575m crypto fraud
US Attorney Nick Brown for the Western District of Washington says: "These defendants capitalised on both the allure of cryptocurrency, and the mystery surrounding cryptocurrency mining, to commit an enormous Ponzi scheme."