Managers of Wealth Fintech

Latham & Watkins Advises on GlobalConnect's €2.7 Billion Refinancing

Infrastructure team represents EQT on one of the largest European fibre deals to date.

Regulatory governance in private markets

Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.

The EDPB’s uncompromising new recommendation on transborder dataflow

The Recommendation is uncompromising and intended to ensure the EU’s protective framework

Successful transactions of securities with Central Bank Digital Currency

Banque de France successfully used Central Bank Digital Currency in a test environment

Biggest GDPR Fines of 2021

Video surveillance to uncover criminal offences is lawful if there is justified suspicion against specific persons.

ECB Says Digital Euro Would Protect Privacy

Privacy was the chief issue that emerged from gauging public interest in European Central Bank digital currency, but developers of a potential ECB digital currency have tested ways to separate the identity of participants in a transaction.

FIS collaborates with C3 on AI-driven AML Compliance Hub

Recent research from the FIS Readiness Report shows that 78% of capital markets firms plan to invest in AI in 2021 to advance their strategic goals.

Block.one pays US$27.5 million to settle class-action lawsuit

They argued that token investors did not receive any of the profits from these investments, which instead went to Block.one’s executives and equity owners.

Northern Trust Partners with 3D

‘Network Monitor’ Service Supports Clients’ Focus on Overseeing Appointed Intermediaries and Meeting Regulatory Responsibilities.

Cedar Rose launches fully automated solution to digitize the onboarding process of customers for companies

With the option to work with Batch files or Cedar Rose's powerful Application Programming Interface (API), the system can be fully customized to every company's needs and existing compliance process

Conman and crypto millionaire Aram Sheibani jailed for 37 years for fraud and money laundering

The man, who has been sentenced to 37 years in jail, made a habit of flaunting his wealth on social media, including his numerous travels and cosmetic surgeries.

International Data Transfers - New Transfer SCCs

Much like the New Transfer SCCs, the Processor SCCs are likely to represent the market standard for compliance in the coming years. As such, they merit a separate update.

South Africa to regulate Cryptocurrency trading

The IFWG paper also highlighted that the recent Ponzi scheme of a Bitcoin trader late last year and other cases of market abuse has brought about the need for tighter rules around the cryptocurrency market in the country.

Global banking regulator outlines proposals for the prudential classification and treatment of cryptoassets

This marks a significant milestone in outlining, for the first time, proposals for a Basel standard on the prudential classification and treatment of cryptoassets.

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.

Fintech firm retains Arthur Cox and PwC amid Irish unit concerns

Central Bank considering taking action against Meath-based PFS Card Services

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.

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.

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.

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.

Legal,Regulation,Tax & Compliance