03/23/2021
Latham & Watkins Advises Ironsource in US$11.1 Billion Despac Merger with Thoma Bravo Advantage
A cross-border team represents the business platform in the SPAC transaction that will make ironSource a publicly traded company.
Legal,Regulation,Tax & Compliance
03/22/2021
Coinbase slapped with $6.5 million fine by CFTC
According to the order, between January 2015 and September 2018, Coinbase recklessly delivered false, misleading, or inaccurate reports concerning transactions in digital assets
03/19/2021
SEC Risk Alert: Digital asset securities
For national securities exchanges, the Division will review platforms that facilitate trading in digital asset securities and review whether they meet the definition of an 'exchange' under the Exchange Act
03/18/2021
Wise says former Brazil banking partner's fraud allegations are false
Wise (formerly TransferWise) is taking legal measures against its former Brazilian partner MS Bank, which has accused the UK-based fintech of illegally misusing customer data.
03/18/2021
Is the UK preparing to depart from the GDPR?
In the meantime, in an interview with the Wall Street Journal, EU Justice Commissioner Reynders suggested that a replacement for the EU-US Privacy Shield could take years rather than months.
03/17/2021
Yapily: Europe’s Next Move in Open Banking Regulation
And globally, regulators are trying to replicate the EU’s PSD2 and follow in the footsteps of the UK in paving the way for Open Finance.
03/17/2021
Privacy disclosure incident leads to largest ever award of compensation for non-economic loss
Payment to nearly 1,300 members of representative complaint
03/16/2021
“On high alert…”
As companies across sectors faced operational challenges, IT and management teams often took their focus off internal cyber security and focused instead on trying to adapt to the new agile environment and trying to stay operational in challenging times.
03/15/2021
HK and mainland to expand GBA financial connectivity by expanding remote bank accounts setup and testing digital renminbi
The scheme has been welcomed by residents by thousands of successful applicants, according to media reports.
03/15/2021
Nigeria telcos to block millions from mobile banking over banks debt
Millions of Nigerians use the USSD to access banking services daily, but telcos say they are being owed by banks.
03/14/2021
Tencent Faces Broad China on Fintech, Deals
Such a move would mark a significant escalation in China’s campaign to curb the influence of its technology moguls
03/14/2021
Fintech and Wider Financial Services Regulation with Dubai Financial Services Authority
In addition to regulating financial and ancillary services, the DFSA is responsible for administering Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) legislation that applies in the DIFC.
03/12/2021
SILO and BDO form regtech joint venture
The compliance software is currently mainly used by businesses in international financial centres.
03/09/2021
EFG turns to Regtech for help in offshore business
The young company, founded in Zurich in 2014, has achieved another coup.
03/05/2021
Greensill Capital lines up Grant Thornton for restructuring
However, in a spectacular fall from grace, the FinTech firm could now be heading for bankruptcy, after Credit Suisse froze $10 billion of investment funds that fueled the SoftBank Group-backed finance startup.
03/05/2021
Esma to hold open hearing on crowdfunding rules
The consultation paper seeks the views of interested parties on 7 draft Regulatory Technical Standard
03/04/2021
Ghana’s central bank launches a regulatory sandbox prioritizing blockchain-related companies.
Ghana's central bank has launched a regulatory and innovation sandbox focusing on projects building on blockchain technology.
03/03/2021
Outsourcing for banks improves compliance with regulations
Many of these organizations may not realize that there are outsourcing solutions specifically tailored to their regulatory compliance needs.
03/03/2021
European Commission proposes new regulation of digital operational resilience in the financial sector
Examples of disruptions affecting ICT capabilities include, for example, cyber-attacks and other incidents, technological failures, as well as other malicious and non-malicious events.
03/03/2021
Challenger Banks - Meeting your Regulatory Obligations
Rapid growth has necessitated investment in the front-end customer acquisition, sometimes at the expense of provisioning middle and back office operations.