06/11/2021
VTB pilots electronic signatures
VTB's clients, which include legal entities and entrepreneurs, will be able to remotely apply for the QES issuance via online banking or in-person at the bank’s office.
Legal,Regulation,Tax & Compliance
06/10/2021
Fintech firm retains Arthur Cox and PwC amid Irish unit concerns
Central Bank considering taking action against Meath-based PFS Card Services
06/09/2021
European Commission adopts new tools for safe exchanges of personal data
The Commission can adopt standard contractual clauses for the relationship between controllers and processors, as a tool to help to demonstrate compliance with the GDPR.
06/09/2021
Sionic and Revelock join forces to fight financial services fraud
Revelock, provider of behavioural biometric based online fraud prevention, is partnering with Sionic, the financial services consultancy, to help banks and financial services providers take a more proactive approach to detecting and responding to fraud.
06/09/2021
Guernsey’s data protection focuses on human error vs technology
The number of personal data breaches reported by Guernsey organisations over the past two months is not reducing, but consistent with previous reporting periods.
06/08/2021
Basel Committee launches public consultation on cryptoassets
The Bank for International Settlements' Basel Committee is set to hold a public consultation on the treatment of banks' cryptoasset exposures.
06/08/2021
Non Fungible Tokens: Legal issues to be considered
Before the recent surge in the use of NFTs, creators faced limitations on the revenue that they could generate from their works.
06/08/2021
Massive internet outage takes down numerous websites including UK Government
Numerous big name websites including Buzzfeed, Reddit and the Guardian vanished from the web at around 11am today.
06/08/2021
The HKMA Unveils “Fintech 2025” Strategy
In his opening remarks for a fintech seminar organised by the Hong Kong Association of Banks
06/07/2021
Zimbabwe to ban firms from forex auctions over 'rampant abuse'
The gap between the official and parallel market rates has widened to as much as Z$130 per U.S dollar, although authorities have maintained the rate at 84.76.
06/06/2021
Reassessment of FNZ/GBST deal confirms competition concerns
This is because FNZ and GBST, which are both providers of retail investment platform solutions, are close competitors and few other significant suppliers offer effective and competitive alternatives.
06/06/2021
New EU standard contractual clauses adopted: 18 month deadline to reassess international transfers of personal data from Europe
There will be a limited period of three months during which businesses can still enter into new contracts using the Old SCCs. However, these contracts will also need to be updated to the New EU SCCs within the 18-month period.
06/04/2021
Commission proposes a trusted and secure Digital Identity for all Europeans
Use of the European Digital Identity wallet will always be at the choice of the user.
06/04/2021
Publication of costs and charges data by workplace personal pension providers
Our expectations of providers for the first publication of costs and charges information under the new rules.
06/04/2021
US To Tighten Monitoring Of Foreign Crypto Investors In Concerns Over Tax Evasion
The proposal comes as more and more global concern is voiced over the possible tax gap between taxes owed and the taxes that are being paid on time.
06/03/2021
The Cybercrimes Act signed into law and awaiting commencement date
The majority of the offences created by the Cybercrimes Act relate to data, messages, computers, and networks involving hacking, the unlawful interception of data, ransomware attacks, cyber forgery and uttering, and cyber extortion.
06/02/2021
UAE Central Bank initiates public consultation on 'enabling technology' for financial institutions
The guidelines could be issued in the second-half of 2021, subject to the outcome of the consultation.
06/02/2021
The future of RegTech – what do firms really want?
Increased efficiency created by implementing RegTech solutions was the next most commonly cited benefit, improving the company’s position and staying competitive.
06/02/2021
A virtual space with real regulation
How does the MFSA regulate Virtual Financial Assets?
06/01/2021
Japan's Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation.