Global professional services firm, PwC has acquired KYC-Pro, a regtech solution, from boutique financial services compliance firm, FSCom Limited, for an undisclosed amount.
Legal & Regulation
A new piece of legislation introducing lasting powers of attorney (LPAs) to Jersey is a welcome addition to the Island’s legal framework, according to a lawyer at Bedell Cristin.
Last week saw the publication of the UK’s HM Treasury report on crypto assets, with Rt Hon Nicky Morgan MP, Chair of the Treasury Committee, commenting that crypto assets exist in the ‘wild west’.
IronX, a new Crypto Exchange joint venture between global online broker IronFX Group and EmurgoHK, creator of the Cardano blockchain, has been awarded full regulatory licence approval by the Estonian Financial Intelligence Unit (FIU).
‘Wild West’ crypto-assets should be regulated according to the UK Treasury Committee which has published a unanimously-agreed report on crypto-assets for its Digital Currencies inquiry.
SEA Asset Management has been awarded a full Capital Markets (CMS) Licence to provide fund management services in Singapore by the Monetary Authority of Singapore (MAS).
The Commodity Futures Trading Commission (CFTC) today issued an Order filing and simultaneously settling charges against Christian Robert Mayer of Eden Prairie, Minnesota, for engaging in a fraudulent trading scheme involving unauthorised trades in cattle, crude oil and wheat futures contracts.
The SEC has postponed the resolution of the application filed by Direxion Investment for a series of ETFs designed to track the performance of Bitcoin.
Fintech firm JHC Systems (JHC) has broadened the scope of its partnership with Silverfinch, a European regulatory data exchange, and part of Compliance Solutions Strategies (CSS) product suite.
The Isle of Man has granted a new Class 1(3) financial services licence to Investec Bank (Channel Islands) Limited under the Island’s Alternative Banking Regime (ABR).