Fintech / Regtech

InvestHK Launches 2023 Fintech Fast Track Programme

05/06/2023

13 finalists from fintech, AI and Web3 scaleups will be selected to pitch in person at Hong Kong FinTech Week 2023.

AML / KYC

FIs Must ‘Strictly’ Perform CDD on DNFBP Clients, BSP Says

04/06/2023

CDD includes identifying and verifying the true identities and beneficial owners of DNFBP clients such as lawyers, accountants and real estate developers.

Enforcement

ASIC Issues First Stop Order on Superannuation Product

04/06/2023

The interim stop orders were made against Spaceship Super and three managed funds promoted by Spaceship Capital due to deficient TMDs.

Fintech / Regtech

ASIC to Leverage Regtech to Improve Listed Company Disclosures

02/06/2023

ASIC and regtech firm Eastern Analytica will jointly develop a solution to help address poor market disclosures by listed firms.

HKMA Issues Public List of Bank-Owned Trust Businesses

02/06/2023

All entities on the list have provided the HKMA an annual declaration on their compliance with a new code of conduct for bank-related trust businesses.

AML / KYC

EU Officials Formally Sign MiCA Into Law

02/06/2023

The MiCA legislation was signed into law on Wednesday by European Parliament president Roberta Metsola and Swedish minister Peter Kullgren.

Fintech / Regtech

EU, US Jointly Developing Voluntary Code of Conduct for AI

02/06/2023

The first-of-its-kind voluntary code of conduct for AI could be drawn up within weeks, said EU official Margrethe Vestager.

Fintech / Regtech

BNM Incorporates Cloud-specific Risks in Regulatory Framework

02/06/2023

BNM has updated its policy on risk management in technology to include requirements on the adoption and use of public cloud infrastructure.

Credit Suisse Halts Plans to Set Up Bank in China – Report

02/06/2023

Credit Suisse had been preparing for years to set up a wholly owned local bank in China.