Managers of Wealth Fintech

Latham & Watkins Advises Celsius Network on US$400 Million Investment be Westcap and CDPQ

Cross-border team represents leading global crypto platform in the transaction with a US$3 billion valuation.

Cayman Ombudsman fights data breaches

It provides a legal framework to ensure any breaches are punished and it’s a role that falls to Ombudsman Sandy Hermiston and her team, who take this function very seriously.

Authorities swoop on German investment platform over €15m cross-border fraud

"Investigators estimate the total amount of the fraud could even amount to approximately €500m."

CPMI and IOSCO publish guidance, call for comments on stablecoin arrangements

In 2019, the Group of Seven and the Financial Stability Board (FSB) conducted work on the impact of global stablecoin arrangements and made recommendations for their regulation, supervision and oversight.

On All Fronts: Preparing for the Unexpected

Best Practices in Crisis and Risk Management

MAS and Financial Industry to Use New Digital Platform to Fight Money Laundering

MAS seeks feedback on the proposed legislative framework for COSMIC, as well as the platform’s features.

IMF recommends CBDC and global crypto standards for financial stability

The new policies recommended by the IMF aim to curb down the financial risks associated with global crypto adoption.

Technical Whitepaper on Retail Central Bank Digital Currency

This Whitepaper is the first among similar papers published by central banks to unveil a technical architecture that includes a ground breaking privacy preservation arrangement that allows transaction traceability in a privacy-amicable manner.

Do we need tighter regulations for fintech?

Rise of fintech companies have helped the banking system for quicker, easier transactions yet fresh challenges have emerged that worry the reglator.

Millions stolen from Barclays accounts by Monzo fraudsters

Criminals using Monzo account carried out the thefts using a new money transfer method called Pisp, or payments initiation service provider

FinTech Australia releases regulatory map for incoming global fintech companies

The regulation map is available for free on FinTech Australia’s website, building on the number of resources FinTech Australia is providing to the broader fintech community.

New Zealand central bank opens consultation on future of money

He notes that two years ago the Bank's work was focused on the future of cash, but now it has broadened out to consider the future of money.

Dubai Economy signs deal to participate in UAE KYC Blockchain Platform

Work is underway to complete the connectivity between the UBR Blockchain Platform and the KYC Blockchain Platform by Q4 2021

MFSA issues warning about three different online entities

Two of those companies appear to be clones of legitimate ones, with the third appearing to be an unlicensed entity.

Citi fined $1 million for swap data reporting violations

The order also charges Citi for violating the cease and desist provision of a 2017 CFTC order relating to reporting and supervisory failures.

Currency Of The Future: A BVI Perspective On Litigating Cryptocurrency

The joint liquidators were appointed and upon appointment, secured the Company's cryptoassets.

FINRA Targets Firms' Social Media Activity

FINRA will look at how firms acquire customers through social media, particularly through outside influencers with large online followings.

ESMA Consults on Proposals for a Review of the MiFID II Best Execution Reporting Regime

These proposals aim at ensuring effective and consistent regulation and supervision and enhancing investor protection.

UAE Authorities Sign Deal To Support Cryptocurrency Trading

The agreement establishes a framework that allows the DWTCA to issue the necessary approvals and licenses for the conduct of financial activities relating to cryptocurrencies.

Dramatic rise in fraud and scam complaints

Financial Ombudsman Service warns of fraud danger as it continues to help high numbers of customers.

Legal,Regulation,Tax & Compliance