AML / KYC

Singapore Police Using RPA Tech to Disrupt Scams

12/01/2024

RPA technology has enabled the Police to automate information sharing, information processing, and the mass distribution of SMS alerts.

ESG / Sustainability

Taiwan FSC Launches Dedicated Website for Sustainable Finance

12/01/2024

The new website collects information related to sustainable finance policies, statistical data, relevant regulations, evaluations, and education and training.

Enforcement

Software Giant SAP to Pay Over $220m to Resolve FCPA Violations

12/01/2024

SAP paid bribes to government officials in South Africa, Indonesia, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.

Crypto / Digital Assets

MAS Grants In-principle Licence Approval to Crypto Custody Firm BitGo

12/01/2024

BitGo already obtained a New York trust charter in 2021 and a BaFin crypto custody licence in November 2023.

Market Infrastructure

IIA Releases New Global Internal Audit Standards

10/01/2024

The Standards will help elevate the quality of internal auditing and enhance the internal audit function’s role as a partner to boards and senior management.

AML / KYC

Singapore Tables Bill to Strengthen Measures Against PF Risk

10/01/2024

Gem and precious metal dealers, legal practitioners, moneylenders and pawnbrokers will be required to address proliferation financing risks.

Korea Expands Loan Switching Platform to Mortgage, Jeonse Loans

10/01/2024

The online loan transfer system was established last year to enable borrowers to easily switch credit loans to those offering better rates.

Singapore FIDReC Proposes to Raise Adjudication Award Limit

09/01/2024

The adjudication award limit is set at SGD 100,000, however FIDReC says the number of claims exceeding this limit has risen in recent years.

Fintech / Regtech

BSP Proceeds With Soft Launch of New ITRS System

09/01/2024

The soft launch of the new International Transaction Reporting System commenced as planned on 8 January. Full implementation is deferred from April to June.