Managers of Wealth Fintech

HSBC bans customers from buying bitcoin-backer MicroStrategy shares

MicroStrategy declined to comment.

US tax plan takes aim at offshore centres

Any tax deductions claimed by companies that make payments to related parties in low-tax jurisdictions would be eliminated.

Sydney Court Jails Man for Cryptocurrency Money Laundering

The investigation uncovered that the same man was withdrawing cash from accounts in seven different names.

New watchdog to boost online competition launches

A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.

South African exchange control – relaxation of loop structures

The level of disclosure required needs to be balanced against any potential tax and estate duty savings and most importantly whether the return on the investment outperforms current returns on invested funds.

Costa Rican Banks Strengthen Themselves to Counter the Growing Digital Scams

Educational campaigns would help stop cyber criminals

Canadian securities regulators outline regulatory framework for compliance for crypto asset trading platforms

“The guidance in our notice details steps platform operators need to take to comply with securities legislation as they prepare to fully integrate into the Canadian regulatory structure,” said Louis Morisset

Raisin dials up its pension ambitions with Mambu workplace rollout

A key customer win for Dr Alexander Kihm and the Raisin Pension team.

Hong Kong becomes a global centre for investors of virtual assets, an increasingly viable asset class in the city, finds KPMG

Clear regulatory guidelines and maturing service offerings are key drivers

Competition watchdog gives the nod to NAB takeover off 86 400

Completion of the transaction remains subject to certain conditions

European supervisory authority issues €8.15m fine for international data transfer and processing failings

This case demonstrates that organisations that transfer

Platform on Sustainable Finance advice to the European Commission on transition activities in the taxonomy

The Commission had asked the PSF to advise it on how the taxonomy could be used to finance transition activities.

Instagram influencer has defrauded his million followers out of $2.5 million in a Bitcoin for cash scheme – He claimed to be worth $33m but had $162 in his bank account

The 25-year-old Instagram star had induced victims to send him Bitcoin in exchange for wire transfers of cash, but he never sent the money in reality.

Fintech Geidea Receives Saudi Banking License, the First Non-Bank to do so

The new Tap on Phone solution will also have all the features of a traditional PoS (Point of Sale) terminal, including acceptance of payments from contactless cards, mobile wallets, and wearable devices.

First Decision of a German Data Protection Authority on Supplementary Measures for International Personal Data Transfers from Europe

A German publishing company based in Munich used the online service "Mailchimp".

EU directive introducing new reporting requirement for digital platforms adopted

The rules will apply as from 1 January 2023.

London forex trading boss fined for unauthorised WhatsApp investment advice

A Bow-based investment firm was found to have been giving out unauthorised investment advice via WhatsApp.

German Federal Court: German merchants are allowed to surcharge Paypal and Sofort

The issue of whether PayPal and Sofort transactions can, or cannot, be surcharged by German merchants has been controversial for quite some time.

Dentons launches Global Bid Challenge Tracker to enable quick comparison of bid challenge laws across multiple jurisdictions

Leveraging Dentons' global platform and award-winning commitment to technological innovation, the Firm launched this innovative, free platform to allow corporate leaders to create customized user-friendly comparisons of the laws.

BIS Innovation Summit 2021 “Central Bank Innovations: Payments, Data and Capabilities”

Howard Lee, Deputy Chief Executive, Hong Kong Monetary Authority

Legal,Regulation,Tax & Compliance