29th August 2018
Financial technology firms operating in Switzerland will have to adhere to less financial crime controls than other firms under a new regime which seeks to promote financial innovation in the country. Generally, all financial institutions in Switzerland are subject to due diligence requirements when it comes to combating money laundering. Read More
29th August 2018
Complaints about potential data breaches to the UK’s Information Commissioner’s Office (ICO) have more than doubled since the General Data Protection Regulation (GDPR) came into effect, new figures show. Greater media publicity and Government advertising has boosted awareness of individuals’ new data rights under the law, and there is now… Read More
28th August 2018
The Bank of Spain’s website has been hit since Sunday by a cyber attack which has temporarily disrupted access to the site, a spokesman for the central bank said on Monday. The spokesman said that the attack has not had any effect on the bank’s services or its communications with… Read More
27th August 2018
The UK’s parliamentary research department has published a paper on registers of beneficial ownership. The study outlines the beneficial ownership structure in the UK, and also looks at issues around its Overseas Territories. It explains that the UK has registers of beneficial ownership for three different types of assets: companies,… Read More
23rd August 2018
Australia’s government has banned major Chinese telecoms firm Huawei Technologies Co Ltd from supplying equipment for the country’s planned 5G mobile network, citing risks of foreign interference and hacking. The move, following advice from security agencies, signals a hardening of Australia’s stance toward its biggest trading partner as relations have… Read More
20th August 2018
Google is not close to launching a search engine app in China, its chief executive said at a companywide meeting on Thursday, according to a transcript seen by Reuters, as employees of the Alphabet Inc (GOOGL.O) unit called for more transparency and oversight of the project. Chief Executive Sundar Pichai… Read More
3rd August 2018
Switzerland’s highest court has allowed tax authorities to turn over bank account details of two Indian citizens who had fought the release on the grounds that India’s request for assistance in a tax-dodging probe arose from stolen bank data. The case involved information leaked by whistleblower Herve Falciani, a French… Read More
2nd August 2018
A Swiss court has ruled that bank UBS (UBSG.S) does not have to turn over client data to France following a request from Paris for the identities of thousands of people suspected of dodging taxes. The Federal Administrative Court found that requests for information must state why authorities believed taxpayers… Read More
1st August 2018
Some 10 million Dixons Carphone records containing personal data may have been accessed in a 2017 cyber attack, the British electronics and mobile phone retailer said on Tuesday, boosting an earlier estimate of 1.2 million. It was the second major cyber attack in three years on the company, which has… Read More
30th July 2018
AP — The U.K. government should increase oversight of social media like Facebook and election campaigns to protect democracy in the digital age, a parliamentary committee has recommended in a scathing report on fake news, data misuse and interference by Russia. The interim report by… Read More