Fintech / Regtech

RBI Directs Regulated Entities to Use RAVAAH Portal from 1 May

01/05/2025

PRAVAAH is a centralised web-based platform launched in May 2024 for regulated entities to submit applications for authorisations, licences, and approvals.

China Pledges to Support Trade Firms Impacted by Tariffs

29/04/2025

Lenders will be asked to maintain loans to small and medium-sized trade firms, and to utilise a special credit tool to support the export of large equipment.

China Tightens Rules on Qualifications of Bank Executives

29/04/2025

Warnings, public reprimands, or fines will result in a one-year restriction on promotions or new appointments to higher positions.

Crypto / Digital Assets

Japan Adds 30 More Jurisdictions to Scope of Travel Rule Requirements

29/04/2025

There were already 28 jurisdictions named after an update in January 2024. The FSA proposes to add 30 more jurisdictions, which are mostly EU nations.

Fintech / Regtech

Central Banks Face Challenges in Managing AI Capability Gaps

27/04/2025

New BIS bulletin highlights the limited supply of talent with the right mix of AI skills and central banking expertise.

AML / KYC

KOFIU Announces AML Penalties Against Six Firms Including NH Futures

27/04/2025

NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

Enforcement

Former China Development Bank Official Sentenced to Jail

27/04/2025

The court said Li Jiping used various positions with CDB over 20 years to assist others in obtaining loans and project contracts, receiving bribes in return.

Fintech / Regtech

Sri Lanka to Adopt XBRL for Reporting by Listed Companies

26/04/2025

The Colombo Stock Exchange said it will adopt a phased approach for implementation, starting with interim financial statements in early 2026.

CSRC Issues Revised Regulations for its Dispatched Agencies

24/04/2025

The revised regulations place stronger emphasis on network and information security, and give CSRC’s dispatched agencies greater authority in their jurisdictions.