MoFo Tech

February 22, 2023 - Financings, Fintech
Cryptoasset Firms Marketing to UK Consumers Warned to Begin Preparing for Financial Promotions Regime Now
By: Chloe Kearns
The UK Financial Conduct Authority ( FCA ) has warned cryptoasset firms marketing to UK consumers (including from overseas) to start preparing now to comply with the UK financial promotions regime, which is soon to be expanded to cover most unregulated cryptoassets. HM Treasury
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October 20, 2021 - Privacy + Data Security, Regulatory, Tech Talks, Financings
Above Board Podcast: 2021 Cyber Events Shaping the Horizon
By: Brandon L. Van Grack
In this episode of MoFo’s Above Board podcast, host, co-chair of MoFo’s Corporate Finance | Capital Markets practice, and former Chief Counsel of the SEC’s Division of Corporation Finance Dave Lynn speaks with Alex Iftimie, co-chair of MoFo’s Global Risk and Crisis Management group,
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August 17, 2020 - Blockchain, Financings, Fintech
Bitcoin Is “Money” for Purposes of D.C. Money Transmission Law, Says Federal Court
A recent federal district court ruling in a criminal anti-money laundering case suggests that the transmission of virtual currency on behalf of another person requires a state money transmission license — even if the state’s money transmission law does not expressly address the regulation
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April 02, 2020 - Financings
UK Digital Services Tax, Effective from 1 April 2020
By: Alistair Maughan
With effect from 1 April 2020, the UK will start to levy a digital services tax at a rate of 2% on digital services revenues that are attributable to UK users. The UK digital services tax (“UK DST”) is intended to apply to large
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January 21, 2020 - Intellectual Property, Financings
SEC Staff Issues Guidance on Technology, Data and Intellectual Property Risks in International Operations
On December 19, 2019, the Staff of the U.S. Securities and Exchange Commission’s Division of Corporation Finance issued guidance outlining the Staff’s views about disclosure obligations that companies should consider with respect to technology, data and intellectual property risks that could arise when operations
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December 05, 2019 - Privacy + Data Security, Financings
Financial Cos. Face A New Normal Under State Privacy Laws
Morrison & Foerster’s Kristen Mathews and Adam Fleisher have written an article for Law360 that covers compliance obligations for financial institutions under the California Consumer Privacy Act (CCPA). Read our client alert.
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October 29, 2019 - Privacy + Data Security, Financings
Financial Institutions and the CCPA: What Remains After the Law's Exceptions
Financial services companies subject to the Gramm-Leach-Bliley Act (GLBA) are treated somewhat differently under the CCPA. However, the CCPA does apply to some personal information that financial institutions handle. Kristen Mathews and Adam Fleisher, attorneys in Morrison & Foerster’s Privacy + Data Security Group,
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July 23, 2019 - Tech Talks, European Union, Financings, Fintech
Financial Services Technology Outsourcing: The UK Regulators Flex Their Muscles
By: Alistair Maughan and Sana Ashcroft
It’s all very well to issue regulatory guidance – but it’s what you do to enforce it that really counts. The UK financial services regulatory agencies have imposed fines exceeding $2 million on a UK bank that did not implement enough oversight on an
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July 02, 2019 - Artificial Intelligence, Financings, Fintech
Policy Makers Examine the Disparate Impact Risk of Artificial Intelligence and Underwriting
By: Rick Fischer
Recent Congressional activity reflects increasing concern in the fair lending implications of artificial intelligence (AI) in credit underwriting. Congress and regulatory agencies are likely to press financial services providers to better understand the AI they use and to ensure that its use does not result
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June 04, 2019 - Blockchain, Financings, Fintech
Nevada Resident Sentenced for Fraud and Unlicensed Money Transmission in Case Involving Bitcoin
By: Marc-Alain Galeazzi
A Nevada resident, Morgan Rockcoons, was sentenced in the U.S. District Court for the Southern District of California to 21 months in prison for wire fraud and unlicensed money transmission. In connection with the sentencing, Rockcoons will also be required to forfeit $80,600 in illicit proceeds.
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Topic Archives: Financings

Cryptoasset Firms Marketing to UK Consumers Warned to Begin Preparing for Financial Promotions Regime Now

By: Chloe Kearns

Above Board Podcast: 2021 Cyber Events Shaping the Horizon

By: Brandon L. Van Grack

Bitcoin Is “Money” for Purposes of D.C. Money Transmission Law, Says Federal Court

UK Digital Services Tax, Effective from 1 April 2020

By: Alistair Maughan

SEC Staff Issues Guidance on Technology, Data and Intellectual Property Risks in International Operations

Financial Cos. Face A New Normal Under State Privacy Laws

Financial Institutions and the CCPA: What Remains After the Law's Exceptions

Financial Services Technology Outsourcing: The UK Regulators Flex Their Muscles

By: Alistair Maughan and Sana Ashcroft

Policy Makers Examine the Disparate Impact Risk of Artificial Intelligence and Underwriting

By: Rick Fischer

Nevada Resident Sentenced for Fraud and Unlicensed Money Transmission in Case Involving Bitcoin

By: Marc-Alain Galeazzi