Insights

Singapore’s MAS releases circular on enhancing AML/CFT in the VCC sector

The Monetary Authority of Singapore ("MAS”) has released a circular setting out key observations and expectations for effective anti-money laundering (“AML”) and countering the financing of terrorism (“CTF”) frameworks and controls following an industry-wide survey of Variable Capital Companies (“VCCs”) and a series of thematic engagements of eligible financial institutions (“EFIs”) to assess the effectiveness of their AML/CFT risk management and controls.

Bermuda Compliance and Regulatory Updates – August 2022

We have compiled a list of the latest compliance and regulatory updates that were announced or took effect that affected Bermuda in August 2022.

Apex Group continues New Zealand growth with acquisitions

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Implemented Investment Holdings Limited, the parent company of Implemented Investment Solutions (“IIS”) and InvestNow.

Apex Group expands North America presence with Prometa acquisition

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Prometa Fund Support Services Inc. (“Prometa”), a Canada based provider of fund services.

Inveniam partners with Apex Group to power improved valuations, increased liquidity for Private Assets

The partnership will allow a wide range of institutional investors and family offices to use Inveniam.io’s patented blockchain technology to provide greater trust and efficiency to private asset valuations.

Apex Group to acquire fund services provider Mainspring

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the acquisition of Mainspring, a UK-based provider of venture capital fund administration and accounting services.

Apex Group closes acquisition of Brazilian fund administration business

Apex Group Ltd. (“Apex Group” or the “Group”), a global financial services provider, announces today the close of the acquisition of Modal Group’s alternative fund administration business in Brazil (“MAF DTVM” or “MAF”), having received full regulatory authorization from the Brazilian Central Bank.

ESG Trends & Impact Spotlight – August 2022

On the minds of Israeli Funds in H2 2022

Our inaugural Fund Client event in Tel Aviv revealed the key trends and considerations occupying the thoughts of the country’s fund managers

UK FCA issues clarification on IFPR and SM&CR

The UK Financial Conduct Authority (“FCA”) has issued an update and clarification to the market in respect of the Investment Firm Prudential Regime (“IFPR”) and its impact on the Senior Management & Certification Regime (“SM&CR”).

FS Disruptor Forum: How disruptive trends are reshaping financial services

While some firms in the financial services industry are embracing innovation like Blockchain, robotics and artificial intelligence, many are less receptive. So, how can business leaders overcome this hesitancy?

MAS Managing Director comments on the challenges and necessity of achieving Net Zero

Monetary Authority of Singapore ("MAS" ) Managing Director, Ravi Menon addressed guests during the Economic Society Annual Dinner and reminded all that the most disruptive challenge we are facing is climate change.