08/14/2020
Global Anti-Money-Laundering Fine Amounts Released
For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.
Legal,Regulation,Tax & Compliance
08/14/2020
Carey Olsen's mobile app solution featured by Financial Times
In response, Carey Olsen's future-proofing solution to make the legal industry 'anti-fragile' in years to come identified three key questions that the mobile app would help to address in law firms.
08/12/2020
New Legislative Regime for Virtual Asset Service Providers
This significant legislative development represents Cayman’s commitment to facilitating innovative virtual asset business whilst adopting international standards of regulation prescribed by the Financial Action Task Force.
08/11/2020
Deka Immobilien picks BNY Mellon for fund admin services
Alan Flanagan, global head of alternatives at BNY Mellon Asset Servicing, added: “It is a significant appointment for our alternative investment services team and a testament to the quality of our technology, our global reach and the expertise of th
08/10/2020
Barclays probed by privacy watchdog over reports of spying on staff
The UK’s data and privacy watchdog said a formal probe is ongoing, but could not say when it may conclude.
08/10/2020
Saudi Arabia approves policy on Artificial Intelligence, expects SR500b windfall by 2030
A government entity plans to go all out on cloud computing
08/07/2020
New digital Registry to go live on 1 December
The changes we are making coincide with a new law that the Government of Jersey is introducing, which requires us to collect more information for our central registers.
08/07/2020
Advisers warned of paperwork rise due to HMRC's digital push
He said this could lead to a problem for VAT registered firms, as they may have different quarter days on which they have to file VAT returns and income tax information.
08/05/2020
UK competition regulator blocks merger of FNZ and GBST
The Competition and Markets Authority has provisionally found that FNZ’s purchase of GBST could result in a substantial lessening of competition.
08/04/2020
Inside a Crypto ‘Ponzi’: How the $6.5M Banana.Fund Fraud Unravelled
The lawsuit, filed July 29 in the U.S. District Court for the District of Columbia, seeks to grant the federal government formal ownership of the assets so it can return them to the victims.
08/04/2020
DBS supports IRAS in digital payment implementation
IRAS now offers PayNow QR as a payment option on its myTax portal for all major tax types
08/03/2020
Banking’s Next Network Effect is Ready to Unlock New Value Now
How the next network effect can be achieved.
07/31/2020
Hebron Announces Results of Independent Investigation Refuting Recent Allegations
White & Case has concluded based on the evidence collected and the information provided by interviewees that none of the three transactions specified in the short seller's report qualified as related party transactions requiring disclosure under
07/29/2020
Banks, FinTechs Find New Models To Mesh Their Strengths
Offering eWallet and bill payment services, among others, Kabbage Checking aims to address SMBs that are “too often left out, overlooked and underestimated,” according to the company’s president, Kathryn Petralia, who added that SMBs nee
07/29/2020
Singapore's DBS and GovTech pilot Singpass face verification technology
Signing up for digital banking services with DBS just got faster.
07/29/2020
Kuwaiti social media influencers named in online money laundering probe
Fouz Al Fahad, Farah Al Hady and other high-profile personalities are part of an investigation into e-commerce site Boutiqaat.com
07/29/2020
Mastercard Exec Reportedly Linked to Suspect Transactions at Cyprus Bank
Wirecard has been implicated in a new report on alleged criminal activities by a Mastercard executive operating at the FBME bank in Cyprus.
07/28/2020
Private Investigator Tech Startup Charged in $18.5 Million Fraud
Funds allegedly were diverted by the CEO for private jet charters, vacations, a luxury car, jewelry, and mortgage payments.
07/28/2020
The Chamber of No Secrets: What Tech and Data/Content-Driven Companies Need to Know about the Hong Kong National Security Law
On 30 June 2020, the Law of the People’s Republic of China on Safeguarding National Security in the Hong Kong Special Administrative Region (NSL), was passed by the Standing Committee of the National People’s Congress in China and officially l
07/26/2020
Japanese Fintech Regulation Update: New Regulatory Framework for Financial Services Intermediary Business
The FSIBO is required to keep books and records in accordance with the ASFI and to prepare an annual business report to be filed with the regulators within three months after the end of each business year.