AMRO Launches ASEAN+3 Finance Think Tank Network

02/10/2023

The network will serve as a platform to foster cooperation and research toward regional macroeconomic and financial resilience and stability.

Fintech / Regtech

ECB Outlines How It Uses AI Tech for Central Banking

01/10/2023

The ECB is using AI to automate data collection and analyse text documents, and exploring the use of large language models for multiple use cases.

AML / KYC

Open Ownership Integrates LEI Into Beneficial Ownership Datasets

01/10/2023

LEIs are now embedded into Open Ownership data records, which GLEIF says will allow easier identification of corporate beneficial owners and controllers.

Crypto / Digital Assets

SFC Publishes Names of VATP Licence Applicants

01/10/2023

Four VATP operators have submitted licence applications to the SFC. Six entities are listed as ‘suspicious VATPs’.

Fintech / Regtech

ISDA Exploring Development of “Industry Notices Hub”

30/09/2023

The hub would help to address uncertainty over the delivery of critical notices between derivatives market counterparties.

Singapore: New CMFAS Exams to Commence from 1 April 2024

30/09/2023

The commencement date was announced in MAS’ response to a 2020 consultation on competency requirements for financial advisers and CMS licence holders.

Sanctions

UK OFSI Updates Russia Sanctions Guidance

29/09/2023

The updated guidance addresses uncertainties regarding funds received from sanctioned banks when neither the sender nor recipient are designated persons.

Enforcement

US Regulators Fine 12 More Entities in WhatsApp Probe

29/09/2023

The latest penalties target broker-dealers, their investment advisory businesses, as well as two credit rating agencies.

Fintech / Regtech

BOT Issues Guidelines on Biometric Technology Adoption

29/09/2023

The guidelines introduce six guiding principles to serve as the minimum requirements for financial service providers in applying biometric technology.