Managers of Wealth Fintech

FinTech regulatory queries rise

Enquires about FinTech to the island’s financial regulator rose by a quarter last year.

Key pain points of SMCR

In this episode, we would like to further explore the key pain points of the SMCR.

The new levy is not intended to interfere with the ongoing work at the G20 and Organisation for Economic-Cooperation and Development (OECD) level on a reform of the international corporate tax framework, according to the Commission.

FCA hit by 80,000 malicious emails every month

This news arrives less than a year after the FCA was criticised for accidentally revealing personal information of about 1,600 people in February 2020.

FCA report outlines practices firms can consider to reduce failed technology changes

Financial services technology is constantly updated, but when firms implement changes they don’t always go to plan.

HMRC invests £3m to improve payment processes

HMRC has signed a £3m contract for open banking services, the government’s largest to date, with start-up fintech Ecospend, in a bid to streamline its payment processes and reduce errors

Global tax enforcement chiefs target cryptocurrency

This year, the designated challenge they focused on involves the role of cryptocurrency and the financial technology industry in tax evasion.

Social network activities and their legal implications in the EU: Defamation and data protection

Moreover, the court held that this particular communication method has the ability to reach an indefinite number of people and regards subjects present on a specific virtual platform for the purpose of constant socialisation.

Bitcoin trio charged with $11m digital asset fraud

Enos was the one who drafted promotional material to be distributed to potential investors, the regulator states.

Singapore's PDPA's Data Portability Obligation: Learning from the GDPR experience

Yet to take effect is the Data Portability Obligation, which was introduced into the PDPA by the 2020 amendments.

Ecospend secures HMRC’s £3m open banking contract

Winning the government’s largest open banking contract to-date.

FCA recovers £676,000 in losses for unauthorised crypto and FX trading

Justice Bacon ordered five of the seven defendants to pay back losses to the public.

Crypto Broker AG granted FINMA securities house licence

Getting the securities house licence for our brokerage is a pivotal moment for us.

Ripple formally responds to SEC lawsuit

It points to recognition of XRP as a virtual currency by the UK’s FCA, and regulators in Singapore and Japan and argues that the SEC is asking the Court to contradict the findings of the agency’s peers in the US and worldwide.

Close watch on Indonesia's fintech and illegal investments

Tobing reiterated the public should find out more of fintech lending through proper channels, check the legitimacy of the firm they are interested in and the logical benefits that it offers.

Regtech Group formed by Steering Committee of Australia’s National Blockchain Roadmap Wants to Know if DLT will Improve Business Processes

The responses to the survey will reportedly be used to “inform the Discovery Report to be presented by the Regtech Working Group to the Steering Committee overseeing the National Blockchain Roadmap in the first half of 2021.”

Legal,Regulation,Tax & Compliance