California Consumer Privacy Act 2018: Silicon Valley meets Data Protection
Thursday, May 2, 2019 | Mark Quigley, The ID Register
California, the birthplace of the social network, has until this point been synonymous with the unbridled innovation of Silicon Valley and not often associated with the regulation of its giants of technology. In the wake of the Cambridge Analytica scandal, however, there has been a marked shift in public opinion and change is on the horizon.
The California Consumer Privacy Act 2018 (“CCPA”) was approved on 28 June 2018 and represents a milestone step towards regulating businesses involved in collecting and sharing personal information (“Personal Information”) on California residents. Effective January 1, 2020, Californ…
Changes in the Cayman AML and Data Protection Landscapes
Wednesday, April 24, 2019 | Daniel Robert, The ID Register
In the last 18 months, the Cayman Islands has made key legislative updates to boost both its AML and Data Protection regimes in the form of a 2017 revision of Anti-Money Laundering Regulations and the passing of the Data Protection Law (“DPL”).
Upon reading the new legislation, you would be forgiven for experiencing a sense of ‘déjà vu’ as these key updates closely echo well established AML guidance in the UK and Channel Islands alongside recent developments in the European data protection framework (GDPR). The DPL is specifically designed in line with GDPR to ensure that all personal data can flow freely between EU me…
KYC in the USA: Not so nebulous
Monday, April 8, 2019 | Mark Quigley, The ID Register
The USA is in some ways a contradiction in terms of Anti-Money Laundering (“AML”) rules. While in many ways the USA has traditionally been the driving force behind international sanctions and countering the financing of terrorism, it has trailed behind other jurisdictions in the imposition of strict rules on non-banking financial institutions to perform the type of Know Your Client (“KYC”) checks on customers that are the accepted practice in Europe. Many European fund managers will no doubt relate to the often fraught experience of introducing an American client to the rigours of EU AML requirements.
Is there really such…
Fintech for Private Funds - Beyond the hype
Tuesday, April 2, 2019 | Tim Andrews, The ID Register
Seventeen years after the launch of Google and eight years on from the first iPhone, the social media software-as-a-service mobile ecosystem that we couldn’t live without in our personal lives, is becoming more visible in the office. KPMG (2018) reported that global fintech investment more than doubled to a new high of $57.9Bn in H1’18, in a seemingly accelerating trend, and a plethora of new payment apps promise to take on the established banks.
Beyond the hype, however, what exactly is Fintech? Why is it booming now and why should Private Equity managers pay attention?
What is it?
Fintech is the application of tech…
The ID Register attends University College of Cork's Finance & Accountancy Job Roadshow
Wednesday, September 26, 2018 | The ID Register
The ID Register was in attendance at University College of Cork's Finance & Accountancy Job Roadshow on Tuesday 25 September. The event was an opportunity for the team to speak with final year students who are interested in graduate jobs within financial services.
David Riordan (right), Chris Kerins (left) & Steven Guerin (center) attended the event which took place in University College Corks Devere Hall. It was attended by final year degree and masters students.
Speaking about the event, Project Manager of The ID Register, David Riordan said, “It was very beneficial. The event was an excellent way for us to m…
Fund Closing Support from The ID Register
Thursday, August 9, 2018 | Kate Parker, Fund Closing Team Lead
Our clients have been busy. So far in 2018, 23 funds have closed on The ID Register ranging in size from 5 to over 200 investors. We are currently supporting 12 active closings with a further 11 in the pipeline.
We support each investor as they complete their profile on The ID Register. Our new Fund Closing Dashboard gives clients and their fund counsel a clear view of progress. Each investor needs to complete their profile only once and can then share it to new funds in which they invest. We are seeing significant crossovers and instances where investors have asked new potential investments to contact us.
Funds can clos…