ESG Data

HKMA Urges Banks to Utilise GHG Reporting Tools

27/03/2024

The HKMA called on banks to make use of the two new GHG reporting tools launched by the Cross-Agency Steering Group last month.

KYC & CDD

ASIC Takes First Action for Failure to Obtain Director ID

26/03/2024

Under 2021 reforms, all directors are required to verify their identities with Australian Business Registry Services and obtain a director ID.

Conduct, Culture & Accountability

ANZ Agrees to Settle 2021 Credit Cards Class Action

26/03/2024

ANZ has agreed to pay A$57.5mn to settle a class action lawsuit brought by Phi Finney McDonald, subject to court approval.

Payments & Settlements

BSP Issues New Manual of Regulations for Payment Systems

26/03/2024

​The manual sets out rules and regulations governing the operations of the national payment system, as well as payment providers.

Data Privacy

China Proposes New Data Security Rules for Banks, Insurers

25/03/2024

Banks and insurers must establish a “data security responsibility system”, and designate a centralised management department to be responsible for data security.

Fraud, Scams & Cybercrime

Montenegro Halts Do Kwon Extradition to South Korea

25/03/2024

Montenegro’s top prosecutor said only the Minister of Justice can decide on extradition, not the High Court, so now the Supreme Court will weigh in.

Anti-Money Laundering

Australia: Queensland Passes New Law to Curb Money Laundering at Casinos

22/03/2024

Casinos will be restricted from accepting more than a prescribed amount of cash from a person for gambling related transactions in a 24-hour period.

Cloud & Infrastructure

Vietnam Central Bank Proposes to Introduce Regulatory Sandbox

22/03/2024

The SBV will develop a fintech regulatory sandbox fintech for innovations relating credit scoring, open API and P2P lending.

Cloud & Infrastructure

HSBC Offers Boost to Hong Kong Fintech Ecosystem

21/03/2024

The Hong Kong Science and Technology Parks Corporation has signed a three-year strategic partnership with HSBC.