09/20/2021
Cryptocurrencies in Liquidation: Perspectives from Cayman and the BVI
As of the first week of May 2021 the combined value of all crypto coins stood at an incredible US$2.43 trillion.
Legal,Regulation,Tax & Compliance
09/17/2021
UK data protection law reform advocates ‘privacy management’
The government is also proposing to tackle “over-reporting” of personal data breaches by increasing the threshold for notifying the ICO of such incidents.
09/17/2021
Cookie law faces revamp under UK data reforms
Cookies are small text files that record internet users' online activity.
09/17/2021
Australia's Iress rejects third buyout offer from EQT
Iress, a software provider to banks, insurers, traders and brokers, has seen its share price soar nearly 30% so far this year.
09/17/2021
‘Mortal Combat’ Faces Standard Bank in Pursuit of Rich Africans
African consumer spending likely to exceed $5 trillion by 2030
09/16/2021
Digital-asset leaders call for regulatory harmony between fintechs and banks
Funds Europe’s ‘Digital transformation of the funds industry’ webinar featured representatives from both the old and new investment worlds.
09/15/2021
SaaS RegTech PassFort closes on $16.2 million Series A
London-based SaaS RegTech provider PassFort has closed a $16.2 million Series A funding round.
09/15/2021
CIPL Celebrates Two Decades of Data Policy Innovation
During the past two decades, CIPL has evolved into a global organisation at the forefront of cutting-edge policy issues.
09/15/2021
Be afraid of shadow IT, be very afraid
Some policies may include an acceptable use policy, work from home policy, bring your own device policy and also a legal risk acceptance policy.
09/15/2021
Latham & Watkins Advises Global-E
Cross-border team represents Israeli headquartered boundless ecommerce business in the offering.
09/15/2021
Banking technology boss accused of bullying, intimidation
An emergency board committee, led by CMA chief executive Andrea Coscelli, which is examining the inquiry report is mandated to decide on “appropriate action to take”.
09/14/2021
Crypto ETF assets treble as investors take risks
Regulators and advisers are divided on digital currency and ‘inverse’ funds
09/14/2021
UK Announces 'Dirty Money' Crackdown, Including Tougher Crypto Regime
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include a new regime for crypto assets.
09/14/2021
BOV cyber-heist: Canadian money launderer pleads guilty
Money launderer linked to convicted Instagram influencer ‘Hushpuppi’, is sentenced to 11 years over Bank of Valletta cyber-heist
09/12/2021
UK - Proposals to reform the GDPR are significant but not radical
The key uncertainty is whether it will provoke the EU into revoking its adequacy finding for data transfers to the UK.
09/12/2021
Bank of England discussion paper on new forms of digital money
Innovations, such as Digital ID, could be required for a CBDC to operate at scale,
09/12/2021
Central bank digital currency: the future starts today
Speech by Benoît Cœuré, Head of the BIS Innovation Hub, at The Eurofi Financial Forum, Ljubljana, Friday 10 September 2021.
09/12/2021
SEC sues Rivetz over Cayman-based US$18 million token sale
The token sale between July and September 2017 raised the equivalent of US$18 million from investors
09/09/2021
Coinbase Slams ‘Regulation By Litigation’ As SEC Threatens To Sue Over Lending Product
Grewal said the regulator considered Lend, which allows users to earn interest on digital assets, a security, a designation the company does not agree with.
09/09/2021
UAE's anti-money laundering body endorses framework for virtual assets
In 2019, the financial crimes watchdog, the Financial Action Task Force, announced that cryptocurrency firms would be subjected to rules to prevent the abuse of digital coins such as bitcoin for money laundering.