Managers of Wealth Fintech

Carey Olsen advises blockchain security firm CertiK on latest funding rounds

The Series B+ funding round, which secured backing from Tiger Global and GL Ventures

Eight individuals and three companies convicted for cyber fraud and money laundering crimes in Dubai

Dubai Public Prosecution investigation reveals defendants hatched elaborate plot to hack into a company's bank account and launder stolen funds worth around AED14 million

Head of Brazil’s Central Bank Calls for Crypto Regulations Amid Growing Adoption

The President of the Banco Central do Brasil (BCB) also known as the Central Bank of Brazil has stated that it is important to have robust cryptocurrency regulatory policies in place, to address the increased interest in the nascent technology.

FinCEN and CFTC assess $100 million penalty on cryptocurrency derivatives exchange

Notably, the three BitMEX co-founders were also charged with one count of violating the BSA and one count of conspiracy in October 2020.

Revolut Taps BearingPoint RegTech To Meet Regulatory Reporting for Its UK Bank

In total, three additional modules; UK Statistical Reporting Module, EBA Solo Reporting Modules, and EBA Consolidated Modules are now being added to the solution to meet the requirements imposed by UK regulators with regards to Prudential Regulation Autho

SA crypto developer Riccardo 'Fluffypony' Spagni denied bail by US court

In a ruling on Wednesday, a US judge ordered that Spagni be remanded in custody until his extradition hearing takes place.

China publishes online unfair competition regulations

The draft summarises new forms of unfair competition including online false advertising, false trading and online defamation.

CySEC publishes its directive on crypto-asset service providers

The CASP Directive sets out detailed requirements on entities seeking registration in CySEC’s CASP register

Warning: Trading crypto-asset related financial products through unlicensed entities

An entity is required to be licensed by ASIC if they provide financial services (such as advising or dealing) in relation to financial products offered in Australia.

DWF Financial Crime Report

With increasing regulatory convergence and significant advances in UK sanctions legislation over the past 12 months

A Digital Asset Future: Closer Than We Think

The Digital Asset Issuance Act 2020 governs digital asset issuances and is the primary legislation for such issuances in Bermuda.

Highest EU court will decide on GDPR damages

The plaintiff was affected by a data privacy scandal at the Austrian postal service, which revealed that the postal service processed and sold information on the political affiliation of the entire Austrian population.

Dealing with GDPR: The retail sector’s Covid-19 by-product

This article only looks at privacy which is the legal obligation for businesses to manage customer data – the GDPR sets out the principles. Under the GDPR, retailers are accountable to their consumers and to the UK’s regulator the Information

How can you manage compliance more effectively in wealth management?

Wealth management advisors are investment management experts, not compliance administrators – and it needs to remain that way.

CFTC Steps up Activity in the Cryptocurrency Space

As a result, market participants should anticipate increased CFTC enforcement within the cryptocurrency space and be mindful of—and comply with—all relevant CFTC rules.

Hogan Lovells responds to the European Commission’s consultation on the AI Regulation

By delegating the requirement to specify the precise obligations that need to be complied with to the provider, the Commission is potentially creating a significant degree of uncertainty for users.

The fiendish new trick cyber-criminals are using to evade capture

"Follow the money" - for generations it's been the mantra of investigators looking for criminals.

Legal Change Derives From Business Digital Transformation

The first of this two-part series examines how and why legal change derives from business digital transformation. The second segment analyzes the legal function’s transition from cost center to value creator and how to quantify its value.

Fugitive SA crypto techie 'Fluffypony' horsing around with Paris Hilton could halt bail bid

Spagni was taken into custody by US Marshals in Tennessee last month at the request of SA authorities, who want him extradited back home to face fraud charges.

How SARS is tightening tax collection on crypto transactions

The South African Revenue Service is increasingly auditing taxpayers’ crypto holdings and trading activities. Don't get slapped with a surprise tax bill, say Joan Chong and Lumen Moolman.

Legal,Regulation,Tax & Compliance