Posts By Editors, Regulation Asia
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238DBS Rolls Out Crypto Services to 100,000 More Investors
Editors, Regulation Asia September 29, 2022Accredited wealth clients are able to trade four cryptocurrencies on DDEx - Bitcoin, Bitcoin Cash, Ethereum, and XRP.
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180Korea FSS Finds More Suspicious Crypto-Linked FX Transactions
Editors, Regulation Asia September 29, 2022FSS investigations have so far involved 82 corporates and 12 banks. The total value of abnormal FX transactions discovered is now $7.2bn.
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317Indonesian Lawmakers Pass Personal Data Protection Law
Editors, Regulation Asia September 29, 2022The law introduces GDPR-like concepts, grants data subjects greater control over their data, and allows penalties up to 2% of annual revenue.
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301ESMA Publishes Final Guidelines on MiFID II Suitability Requirements
Editors, Regulation Asia September 29, 2022Firms will need to help clients understand the concept of sustainability preferences and explain differences between products with and without sustainability features.
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334Malaysia Announces New Measures to Combat Financial Scams
Editors, Regulation Asia September 28, 2022Malaysian banks will migrate SMS OTP to a more secure form of authentication, and further tighten detection rules and triggers to block scam-related transactions.
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235ASIC Finalises Guidance on Completing Timely Remediations
Editors, Regulation Asia September 28, 2022ASIC says it should not have to oversee remediations in order for consumers to receive fair and timely outcomes.
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212NZ FMA Proposes to Update Guidance on Broker Obligations
Editors, Regulation Asia September 28, 2022The FMA is proposing to update its 2014 guidance to align with regulatory updates and incorporate additional guidance for custodians.
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356HKMA Launches Enhanced Competency Framework on Compliance
Editors, Regulation Asia September 28, 2022The ECF-Compliance establishes a set of common and transparent competency standards for practitioners working in banks' compliance functions.
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319International Committee to Create Public Utility for Net-Zero Data
Editors, Regulation Asia September 28, 2022International organisations and policymakers will work alongside financial data service providers to help bring the utility to fruition.
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245Korea Has Seized $182m in Crypto from Tax Delinquents
Editors, Regulation Asia September 28, 2022The largest seizure from a single delinquent taxpayer was worth around KRW 12.5 billion, or about USD 8.8 million.
