Managers of Wealth Fintech

Nigeria justifies war on cryptocurrencies, takes tougher actions

The risks, it said, include loss of investments, money laundering, terrorism financing, illicit fund flows and criminal activities.

Issues in the regulation of big techs in finance

Presentation by Mr Hyun Song Shin, Economic Adviser and Head of Research of the BIS, at the Peterson Institute for International Economics virtual event, "A Holistic Look at Big Tech Regulation", 10 February 2021.

Mauritius Commercial Bank to install Windward financial crime package

Financial institutions in both Mauritius and around the world are under increased pressure by both national and international compliance regulators to implement extensive due-diligence processes

Fintech Companies Face Investment Company Status Challenges

The company’s business consists of operating a cloud-based platform that enables customers to consolidate data regarding business insights, build data-driven applications and share data.

Digital lenders need to embrace CBK regulation

Commercial banks and microfinance institutions can attest to the benefits of legally backed loaning schemes, especially in an environment where borrowers are pressed by hard economic times.

Finma on Blurred Lines of Payments, Banking

The Swiss regulator spent more than ten years following the 2008/09 crisis on capital, liquidity, and clean-up, she noted.

FinTech regulatory queries rise

Enquires about FinTech to the island’s financial regulator rose by a quarter last year.

Key pain points of SMCR

In this episode, we would like to further explore the key pain points of the SMCR.

EU consults on digital levy

The new levy is not intended to interfere with the ongoing work at the G20 and Organisation for Economic-Cooperation and Development (OECD) level on a reform of the international corporate tax framework, according to the Commission.

FCA hit by 80,000 malicious emails every month

This news arrives less than a year after the FCA was criticised for accidentally revealing personal information of about 1,600 people in February 2020.

FCA report outlines practices firms can consider to reduce failed technology changes

Financial services technology is constantly updated, but when firms implement changes they don’t always go to plan.

HMRC invests £3m to improve payment processes

HMRC has signed a £3m contract for open banking services, the government’s largest to date, with start-up fintech Ecospend, in a bid to streamline its payment processes and reduce errors

Global tax enforcement chiefs target cryptocurrency

This year, the designated challenge they focused on involves the role of cryptocurrency and the financial technology industry in tax evasion.

Social network activities and their legal implications in the EU: Defamation and data protection

Moreover, the court held that this particular communication method has the ability to reach an indefinite number of people and regards subjects present on a specific virtual platform for the purpose of constant socialisation.

Bitcoin trio charged with $11m digital asset fraud

Enos was the one who drafted promotional material to be distributed to potential investors, the regulator states.

Singapore's PDPA's Data Portability Obligation: Learning from the GDPR experience

Yet to take effect is the Data Portability Obligation, which was introduced into the PDPA by the 2020 amendments.

Ecospend secures HMRC’s £3m open banking contract

Winning the government’s largest open banking contract to-date.

FCA recovers £676,000 in losses for unauthorised crypto and FX trading

Justice Bacon ordered five of the seven defendants to pay back losses to the public.

Crypto Broker AG granted FINMA securities house licence

Getting the securities house licence for our brokerage is a pivotal moment for us.

Ripple formally responds to SEC lawsuit

It points to recognition of XRP as a virtual currency by the UK’s FCA, and regulators in Singapore and Japan and argues that the SEC is asking the Court to contradict the findings of the agency’s peers in the US and worldwide.

Legal,Regulation,Tax & Compliance