11/26/2020
For tax authorities, the challenge is the lack of information about the users and the amount of payments made for the activities facilitated by the online platforms. Without such data, identifying the place of consumption is very challenging
11/25/2020
The Digi product is paperless, can be completely branded and offers a client portal within which firms can share valuations, messages and documents with their clients.
11/24/2020
That means login, advertising and other features would be taken off the open web and placed under Google’s control, the group said.
11/24/2020
Virtual Asset Service Providers ("VASPs") to be 'designated persons': AML/CFT requirements will apply to a range of VASPs businesses for the first time.
11/20/2020
China proposed an amendment to this law in January, including internet companies.
11/18/2020
Under the Senior Managers and Certification Regime firms are required to submit data to be published as part of a directory of certified and assessed persons on the register.
11/18/2020
This decision was taken due to the numerous challenges associated with the usage of cheques.
11/17/2020
Spanish bank beats UK’s Lycamobile for continental payment-processing operations
11/13/2020
OneSumX for FRR, Wolters Kluwer FRR’s best-in-class integrated regulatory compliance and reporting solution suite
11/12/2020
The recent regulatory sandbox regime that came into force on 31 August 2020 is designed to foster the growth of FinTech related businesses and provides a testing ground for start-ups in the jurisdiction.
11/11/2020
It comes at a time where many asset owners and asset managers around the globe, are increasingly struggling with the painstaking operational challenge of reclaiming withheld tax, across authorities and jurisdictions.
11/10/2020
Checks that were previously conducted manually will now be fully automated using the DueDil API, enabling the client to deliver an enhanced overall customer experience.
11/09/2020
Cred, the US-based cryptocurrency lending platform, has filed for bankruptcy, as users become even more anxious about the state of their funds.
11/09/2020
The Coinsquare case is similar to the IRS's 2018 demands on cryptocurrency exchange Coinbase.
11/09/2020
Decision by Chinese authorities over IPO underlines regulatory pressures on sector as it expands
11/06/2020
OECD to release framework amid inconsistent rules on crypto taxation
The Organisation for Economic Cooperation and Development is next year planning to release a tax-reporting framework for crypto-assets based on the common reporting standard (CRS).
11/06/2020
Regulators launch global fintech sandbox
This will enable firms to test “innovative financial products, services, business models or regulatory technology across more than one country or jurisdiction”.
11/06/2020
“It shows that we are embracing the digital assets space, the Blockchain and crypto space and also provides us an avenue to new industries, which we really need. It’s going to be a big win for us.”
11/05/2020
Among the subjects discussed were the Government’s view of the future of financial services regulation after the UK leaves the EU Single Market
11/05/2020
The CMA has ordered FNZ to sell GBST after finding their completed merger could lead to a reduction in the quality of service and higher prices.