Managers of Wealth Fintech

DWF Financial Crime Report

With increasing regulatory convergence and significant advances in UK sanctions legislation over the past 12 months

A Digital Asset Future: Closer Than We Think

The Digital Asset Issuance Act 2020 governs digital asset issuances and is the primary legislation for such issuances in Bermuda.

Highest EU court will decide on GDPR damages

The plaintiff was affected by a data privacy scandal at the Austrian postal service, which revealed that the postal service processed and sold information on the political affiliation of the entire Austrian population.

Dealing with GDPR: The retail sector’s Covid-19 by-product

This article only looks at privacy which is the legal obligation for businesses to manage customer data – the GDPR sets out the principles. Under the GDPR, retailers are accountable to their consumers and to the UK’s regulator the Information

How can you manage compliance more effectively in wealth management?

Wealth management advisors are investment management experts, not compliance administrators – and it needs to remain that way.

CFTC Steps up Activity in the Cryptocurrency Space

As a result, market participants should anticipate increased CFTC enforcement within the cryptocurrency space and be mindful of—and comply with—all relevant CFTC rules.

Hogan Lovells responds to the European Commission’s consultation on the AI Regulation

By delegating the requirement to specify the precise obligations that need to be complied with to the provider, the Commission is potentially creating a significant degree of uncertainty for users.

The fiendish new trick cyber-criminals are using to evade capture

"Follow the money" - for generations it's been the mantra of investigators looking for criminals.

Legal Change Derives From Business Digital Transformation

The first of this two-part series examines how and why legal change derives from business digital transformation. The second segment analyzes the legal function’s transition from cost center to value creator and how to quantify its value.

Fugitive SA crypto techie 'Fluffypony' horsing around with Paris Hilton could halt bail bid

Spagni was taken into custody by US Marshals in Tennessee last month at the request of SA authorities, who want him extradited back home to face fraud charges.

How SARS is tightening tax collection on crypto transactions

The South African Revenue Service is increasingly auditing taxpayers’ crypto holdings and trading activities. Don't get slapped with a surprise tax bill, say Joan Chong and Lumen Moolman.

Macfarlanes advises NortonLifeLock on $9.2bn merger

The deal is expected to complete in mid-2022

London Law Firms Launch Global Crypto Fraud and Asset Recovery Network

Besides, the crypto phishing attackers have also attained scalability and sophistication.

Infrastructure Bill Provision Expands Cryptocurrency Reporting Requirements

The provision, which would generally go into effect on January 1, 2023, is intended to address a “tax gap” resulting from the underreporting of cryptocurrency transactions.

Demand for Dubai's e-commerce licences jumps 63% in first half of 2021

The emirate issued 3,243 DED Trader licences in the first six months

Cryptocurrency and Non-Fungible Tokens: NY Tax Considerations for Fund Managers

Similarly, Crypto’s status as intangible property under NYS guidance means that it should not be subject to sales and use tax.

Humans keeping AI in check – emerging regulatory expectations in the financial sector

The key difference between regulatory requirements for traditional and AI models is the stronger emphasis for the latter on human responsibilities in order to prevent discrimination and other non-ethical decisions.

China's central bank vows to maintain tight cryptocurrency regulation

The bank claimed that its monetary policy would be flexible, targeted, reasonable and appropriate.

Showing performance advantages through active tax management strategies

For those investors, there is little point in paying a premium for actively managed portfolios that cannot significantly outperform the market.

MFSA issues warning about three online companies

Warnings about Legit Crypto Option, Admiral Capital Trade and Hillwood Limited

Legal,Regulation,Tax & Compliance