12/13/2021
Enhancements to the Code of Banking Practice
The revised Code is effective from 10 December 2021.
Legal,Regulation,Tax & Compliance
12/12/2021
Transforming data collection communication to firms – 8 December 2021
Communication to firms to provide an update on the progress of the joint transformation programme, which is being led by the Bank of England, FCA and industry to transformation data collection from the UK financial sector.
12/10/2021
The UK Online Safety Bill: Harmful (But Legal) Content and What’s Next?
The lengths to which internet service providers can (or even should) be required to go in order to improve online safety remains one of the greatest challenges and uncertainties arising from this legislation and will be one of the key areas of focus as th
12/10/2021
Carey Olsen advises fintech startup
The Series B was led by global investment manager Cotaue, who has also invested in TikTok, Deel and fellow Mexican unicorn Bitso.
12/10/2021
Hong Kong’s Unfriendly Crypto Rules Boost Rival Efforts To Attract Bitcoin Billionaires
Hong Kong has developed into a hotbed for blockchain and crypto-related businesses.
12/09/2021
Walkers Advises on MENA Region's First Fintech Fund
The fund is backed by a range of prominent investors in the region, including sovereign wealth funds.
12/09/2021
Westpac signs Flare up to use its banking-as-a-service platform
Flare's software helps businesses to manage payroll, employee onboarding and benefits.
12/09/2021
Swiss Central Bank Wraps Digital Currency Trial
The experiment, called Project Jura and involving SIX's digital exchange, Credit Suisse, and UBS, tested the feasibility of cross-border settlement of two CBDCs on blockchain.
12/07/2021
Raisin Bank deploys ComplyAdvantage to scale up AML programme
The servicing bank has been part of Raisin DS since its acquisition by the fintech in 2019.
12/06/2021
Breaking down barriers or building up barricades? The outlook for data privacy in 2022
The big question is whether any of these solutions will pave the way to harnessing that data without regulatory friction or whether they will slow down data-powered progress.
12/06/2021
Carey Olsen and Oakbridge support Fintonia on the launch of bitcoin fund
Susan said: "It was great helping Fintonia in launching its new fund at a time where we are seeing an increasing number of Singapore managers using Jersey as their domicile of choice."
12/06/2021
Carey Olsen supports blockchain security firm CertiK in US$80m funding round
The Carey Olsen team advising CertiK on the Cayman law aspects of the Series B2 comprised partner Nick Bullmore and counsel Dylan Wiltermuth.
12/03/2021
EU fines banking giants €344 million over FX price fixing cartel
The Commission's investigation focused on the trading of the G10 currencies, the most liquid and traded currencies worldwide.
12/02/2021
Cryptocurrency executives to be questioned in Congress
Crypto-currencies are not currencies in the traditional sense, although they can sometimes be used to make payments.
12/02/2021
How to handle crypto on your UK tax bill
These are the pitfalls crypto investors are facing in how bitcoin and NFTs are taxed in the UK
12/02/2021
AML Study Reveals Manual Processes Are Slowing Down Banking Compliance
AML Banking Survey By RiskScreen Finds 8 in 10 Complain Their Compliance Processes Are Too Labour Intesive, Slowing Down Onboarding And Screening
12/02/2021
BoI fined €24.5m for serious IT failures that could have affected millions of customers
The fine is designed to reflect the seriousness of the disruption Bank of Ireland customers would have faced and the knock-on effect to Ireland’s entire banking system if the lender’s IT systems had failed
12/01/2021
FCA boosts Open Banking by removing 3-month re-authentication requirement
The FCA says that one trade association reported that TPPs are experiencing customer attrition rates of around 20-40% at the 90-day mark when SCA is required.
12/01/2021
FCA Targets ESG Data Providers
The business plans also announced that the FCA would focus on addressing greenwashing concerns as a priority.
11/30/2021
Today's Corporate Investigators Exchange Dumpster Diving for High-Tech Services
Today’s corporate investigators are armed with modern alternatives to dumpster diving: high-tech services to uncover hidden information in transactions feed game-changing intelligence into litigation and uncover hidden assets.