Managers of Wealth Fintech

Canada’s Tax Agency Wants Coinsquare Crypto Exchange to Fork over User Data

The Coinsquare case is similar to the IRS's 2018 demands on cryptocurrency exchange Coinbase.

Ant setback signals reckoning for fintech

Decision by Chinese authorities over IPO underlines regulatory pressures on sector as it expands

OECD to release framework amid inconsistent rules on crypto taxation

The Organisation for Economic Cooperation and Development is next year planning to release a tax-reporting framework for crypto-assets based on the common reporting standard (CRS).

Regulators launch global fintech sandbox

This will enable firms to test “innovative financial products, services, business models or regulatory technology across more than one country or jurisdiction”.

Digital asset legislation hailed as “big win”

“It shows that we are embracing the digital assets space, the Blockchain and crypto space and also provides us an avenue to new industries, which we really need. It’s going to be a big win for us.”

Senior wealth management and financial advice figures gather for PIMFA’s virtual leadership summit

Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market

CMA blocks investment technology merger

The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.

Nordic takes over BearingPoint’s regulatory tech business RegTech

In association with Nordic Capital, RegTech has developed an ambitious growth agenda and is set to make consistent investments in the company’s forward-looking, proven, and reliable software solution suite for the expansion of its footprint in the c

UAE central bank issues new rules backing FinTech firms

CBUAE Governor Abdulhamid M. Saeed Alahmadi said: "We are confident that the new SVF regulation will strengthen the public's confidence in the use of digital products and services and foster further development and innovation across the payments

How Will Increased Privacy Regulation Affect Bank Marketing?

Ron van Wezel, senior analyst for the Aite Group, says privacy and data protection are becoming central to bank policies.

Transforming Risk Management and Compliance: Harnessing the Power of Regtech

The HKMA strongly believes that Hong Kong has the right foundations to support a thriving Regtech ecosystem, and ultimately become a Regtech hub.

Dutch Police Seize $33 Million in Bitcoin from Couple Accused of Money Laundering

The man and woman were residents of North Holland’s Hilversum and the couple will face two and a half years in prison for their crimes. Dutch prosecutors noted during the trial that the traders did not leverage proper KYC/AML guidelines while operat

Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body

Racela cited as an example the Maute Group that attacked Marawi City and clashed with state forces in 2017.

Supreme Court of Bermuda Expands Use of Remote Hearings

applications. This was the case for the Court’s recent appointment of ‘light touch’ provisional liquidators over Samson Paper Holdings Limited (HKEx Stock Code 731, hearing on 24 July 2020) and Ping An Securities Group Holdings Limited (

Data protection – changes to ODPA registration requirements

Update prepared by Helen Wyatt (Partner, Guernsey) and Jonathan Stevens (Associate, Guernsey)

Credit agency told to stop sharing data without consent

Credit reference agency Experian has been sharing the personal information of millions of people without consent and must stop, the UK's information commissioner has ruled.

Ant IPO sheds light on China’s new growth model

Beijing backing tech champions to speed up recovery amid pandemic and US row

Westpac rolls out customer complaint resolution system

Australian bank Westpac has enlisted IBM to help build a complaint resolution platform that is now being rolled out to more than 15,000 customer-facing employees.

Fed and Treasury asks public for comment on new travel rule for crypto

“The proposed rules give greater clarity and regulatory certainty to those operating with CVCs. This will be a positive for the industry.”

First comprehensive digital asset wealth management platform receives regualatory clearance

Opalesque Industry Update - Two Ocean Trust, a Wyoming-chartered trust company that provides wealth management services for high-net worth individuals, family offices, and advisers, announced the launch of a comprehensive suite of digital asset products a

Legal,Regulation,Tax & Compliance