AML

Belgium: The FSMA clarifies the rules on distance marketing for financial services and products

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The Belgian Financial Services and Markets Authority (FSMA) published guidance on the rules in relation to distance marketing of financial services and products, mainly in light of the COVID-19 pandemic. The FSMA’s communication provides useful and practical guidance for financial services firms to consider when using remote sales techniques when marketing their products or services.In this regulatory briefing, we consider the FSMA’s guidance and discuss the most important rules that must be taken into account by the financial services industry in this regard. 

Vietnam: Fintech regulatory landscape in Vietnam

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Financial technology, or fintech, has been transforming a wide range of financial services, receiving warm- welcomes by a fast growing number of adopters and attracting hundreds of billions of USD in global investment value in recent years. As at 30 September 2019, from only 0.4% in 2018, Vietnam rose to rank second in ASEAN in terms of fintech funding, attracting 36% of the regional investment, second only to Singapore with 51%. However, the financial areas transformed by fintech are quite limited, with 98% of the funding concentrated in the payment sector and 1% in blockchain tech related, according to a joint report by United Overseas Bank (UOB), PricewaterhouseCoopers (PwC) and (Singapore FinTech Association) SFA.  Vietnam is still considered as having limited fintech activities and remains an unlikely home base of choice for fintech firms. One of the factors largely impacting the local fintech growth include an unprepared regulatory framework where regulations mostly evolve around fintech in the payment industry.

Webinar Series (May 2020 to March 2021): The Baker McKenzie Investigations Series – Your...

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Investigation work is peppered with legal and practical issues for which often there is not one right answer. The circle of professionals in charge...

United Kingdom: Warning! Push payment fraud – How to spot it & how to...

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The COVID-19 crisis presents fraudsters with a ripe opportunity to defraud businesses at a time when finances are tight, attention and resources are focused elsewhere, key staff may be absent and financial controls are under pressure. One of the simplest and most devastatingly effective of these frauds is a push payment fraud.

Global: Falling Angels: The Effects of the COVID-19 Crisis on Corporate Ratings

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In the wake of the COVID-19 crisis, organizations of all types are enacting measures to preserve liquidity, reduce costs and plan for the potentially...

Saudi Arabia: Proposed Amendments to the CMA Securities Business Regulations and Authorized Persons Regulations...

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The Capital Market Authority (CMA) continues to drive the development of the Saudi capital markets in furtherance of the Saudi Vision 2030's Financial Sector...

Global: A Guide to Regulatory Fintech Sandboxes Internationally

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Regulators around the world are responding quickly to the rapidly evolving financial technology, or fintech, landscape. As new or emerging financial products, services or...

Germany: COVID-19 Corporate Legal Guideline

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We will provide you with regular updates on all relevant legal developments regarding the Coronavirus disease in Germany. Please find on the link below...

Netherlands: COVID-19 – practical overview for businesses

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In brief To zoom in on the situation in the Netherlands, we created an overview of relevant shortterm measures that the Dutch government has taken...

Asia Pacific: Coronavirus (COVID-19) – Risk checklist for companies operating in the healthcare and...

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In brief As the 2019 Novel Coronavirus (COVID-19) continues to spread across the world, the challenges for companies operating in the healthcare and life sciences...
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