Managers of Wealth Fintech

Philippines Issues Crypto Industry Guidelines to Guard Against Money Laundering

New guidelines bring the nation's digital asset industry in line with Financial Action Task Force standards

Top banking official praises China’s new fintech regulations

Deputy governor of the People’s Bank of China says tighter regulations for fintech are a necessity

Levies, Registration and All that Jazz

Failure to pay the annual levy is also an offence under the law and may attract sanctions including a financial penalty.

PBOC, regulators play active role in restructuring of Ant

Ant Group is seeking to achieve regulatory compliance by drafting a working schedule to group its financial operations into a holding company.

The Status of EU–UK Data Flows Following Brexit

The transfer of personal data will be subject to a separate adequacy decision from the EU due in early 2021.

Singapore: Evolving data privacy laws and what it means to privacy professionals

There is a rising trend where you see people suing for damages en masse, via a class action

Gibraltar Seeks to Expand Digital Asset Regulatory Principles

The working group behind the Gibraltar Market Integrity Study will be primarily responsible for setting appropriate market standards for exchanges operating in the digital asset space.

BIS Innovation Hub targets CBDCs and green finance in 2021

Specific projects already in the pipeline include the building of a proof of concept platform using multiple wholesale CBDCs to explore the feasibility of faster and cheaper cross-border payments, and the DLT-based tokenised green bonds programme.

Central Bank of Bahrain licences Sharia-compliant cryptocurrency exchange CoinMENA

At launch, CoinMENA’s platform will be available to residents of Bahrain, the UAE, Saudi Arabia, Kuwait and Oman

Refinitiv joins forces with The Sentry to prevent war criminals abusing the financial system

Through this partnership, The Sentry will provide Refinitiv World-Check with hard-to-obtain information on illicit activities and individuals who operate in Africa.

Ahli Bank, Oman, is SunTec’s 50th customer for its Indirect Taxation Solution

VAT is likely to be introduced in Oman in early 2021 and Ahli Bank has taken the proactive step of adopting a VAT compliance solution to ensure operational efficiency, enhance revenue, and augment customer experience.

Gibraltar extends regulatory guidelines for digital asset exchanges

The Market Integrity working group have combined to ensure that the added regulation meets the global market standards for exchanges and other marketplace platforms, while also considering recently defined standards set by the EU and other international b

Reporting solution from BearingPoint RegTech selected by Clearstream

The Professional Services division of BearingPoint RegTech will support the implementation project.

Broadridge wins regulatory reporting contract from Clearstream

The Professional Services division of BearingPoint RegTech will support the implementation project.

Post-Brexit Personal Data

With effect from 1 January 2021 the UK became a "third country" to EU Member States for data protection purposes.

Carey Olsen advises Checkout.com on US$450 million Series C fundraising

Greenoaks Capital also joined the round, along with existing investors Insight Partners, DST Global, Coatue Management, Blossom Capital, Endeavor Catalyst, and Singapore's Sovereign Wealth Fund GIC.

Commencement of the Virtual Assets Service Providers (VASP) Regime

Entities which are engaged in or wishing to engage in virtual asset services and are currently holding a license granted by CIMA under another regulatory authority must notify CIMA under the VASP Law.

ATP joins clients successfully live on SimCorp’s cloud-based SFTR solution, as the regulation enters its third phase

The implementation carried out by SimCorp, fully remotely, as a result of COVID-19 restrictions, ensured ATP could carry out test operations, maintaining operational efficiency and business continuity ahead of the third wave, in already tumultuous market

Brexit will spur divergence in the regulation of digital services

Digital trade under the agreement is guided by the overarching principle of 'national treatment' which stems from the General Agreement on Tariffs and Trade (GATT).

Tapper's Pension Playpen relaunches as fintech

The Pension Playpen was founded in 2015 to promote auto enrolment solutions for employers and providers.

Legal,Regulation,Tax & Compliance