Managers of Wealth Fintech

Allens advises Vocus Group

The acquisition was approved by Vocus shareholders and the Supreme Court of New South Wales this week.

ASIC applies to appoint provisional liquidators to Semantic Software Asia Pacific Limited

ASIC’s application has been listed for an initial hearing in the New South Wales Supreme Court in Sydney on Monday, 28 June 2021.

Met makes one of world's largest cryptocurrency seizures

The seizure was carried out by detectives from the Met’s Economic Crime Command on the back of intelligence received about the transfer of criminal assets.

EU data transfers compliance: businesses get fresh guidance

Clearly this more broader assessment will have significant implications not just in relation to transfers but the appointment of service providers

UK watchdog issues warning about 111 unregistered crypto asset firms

This is a very real risk so we are worried about that.

South African Brothers Vanish, and So Does $3.6 Billion in Bitcoin

The incident could spur regulators’ efforts to impose order on the market amid rising cases of fraud.

Latham & Watkins Advises on GlobalConnect's €2.7 Billion Refinancing

Infrastructure team represents EQT on one of the largest European fibre deals to date.

Regulatory governance in private markets

Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.

The EDPB’s uncompromising new recommendation on transborder dataflow

The Recommendation is uncompromising and intended to ensure the EU’s protective framework

Successful transactions of securities with Central Bank Digital Currency

Banque de France successfully used Central Bank Digital Currency in a test environment

Biggest GDPR Fines of 2021

Video surveillance to uncover criminal offences is lawful if there is justified suspicion against specific persons.

ECB Says Digital Euro Would Protect Privacy

Privacy was the chief issue that emerged from gauging public interest in European Central Bank digital currency, but developers of a potential ECB digital currency have tested ways to separate the identity of participants in a transaction.

FIS collaborates with C3 on AI-driven AML Compliance Hub

Recent research from the FIS Readiness Report shows that 78% of capital markets firms plan to invest in AI in 2021 to advance their strategic goals.

Block.one pays US$27.5 million to settle class-action lawsuit

They argued that token investors did not receive any of the profits from these investments, which instead went to Block.one’s executives and equity owners.

Northern Trust Partners with 3D

‘Network Monitor’ Service Supports Clients’ Focus on Overseeing Appointed Intermediaries and Meeting Regulatory Responsibilities.

Cedar Rose launches fully automated solution to digitize the onboarding process of customers for companies

With the option to work with Batch files or Cedar Rose's powerful Application Programming Interface (API), the system can be fully customized to every company's needs and existing compliance process

Conman and crypto millionaire Aram Sheibani jailed for 37 years for fraud and money laundering

The man, who has been sentenced to 37 years in jail, made a habit of flaunting his wealth on social media, including his numerous travels and cosmetic surgeries.

International Data Transfers - New Transfer SCCs

Much like the New Transfer SCCs, the Processor SCCs are likely to represent the market standard for compliance in the coming years. As such, they merit a separate update.

South Africa to regulate Cryptocurrency trading

The IFWG paper also highlighted that the recent Ponzi scheme of a Bitcoin trader late last year and other cases of market abuse has brought about the need for tighter rules around the cryptocurrency market in the country.

Global banking regulator outlines proposals for the prudential classification and treatment of cryptoassets

This marks a significant milestone in outlining, for the first time, proposals for a Basel standard on the prudential classification and treatment of cryptoassets.

Legal,Regulation,Tax & Compliance