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AML / KYC
AUSTRAC Announces Regulatory Priorities for 2024
By Editors | 13/12/2023
AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.

ESG / Sustainability
Climate Action Data Trust Launches Public Dashboard
By Editors | 13/12/2023
The dashboard incorporates datasets from Verra, Global Carbon Council, EcoRegistry, BioCarbon Registry, the UNFCCC’s Clean Development Mechanism, and Bhutan’s national registry.

Crypto / Digital Assets
Taiwan FSC to Form New Financial Technology Bureau
By Editors | 13/12/2023
The new bureau, operating alongside the FSC’s four other bureaus, will be charged with regulating and supervising the crypto sector.

Fintech / Regtech
Thailand SEC Unveils 2024-2026 Strategic Plan
By Editors | 12/12/2023
The plan seeks to boost trust in the capital market, promote the sustainable finance and digital asset ecosystems, and enhance supervisory and enforcement processes.

Fintech / Regtech
MAS Issues New Rules on Managing Outsourced Services
By Manesh Samtani | 12/12/2023
Banks will have to provide details to MAS about the services they outsource and ensure it can audit the service providers and obtain records and documents from them.

ESG / Sustainability
Shenzhen, Saudi Exchanges to Cooperate on Capital Markets
By Editors | 12/12/2023
The exchanges will cooperate in areas including ESG, fintech, cross-listings, as well as index, fund and REIT products.

ESG / Sustainability
HKMA to Launch Physical Risk Assessment Platform for Banks
By Manesh Samtani | 12/12/2023
HKMA’s Arthur Yuen also said the first version of Hong Kong’s green classification framework will be released “very soon”.

Fintech / Regtech
European Lawmakers Reach Agreement on AI Regulation
By Editors | 11/12/2023
AI systems that pose minimal risk will not have to meet any specific obligations. High risk systems will have strict requirements. Systems that pose unacceptable risk will be banned.

Fintech / Regtech
RBI to Launch Cloud Facility, Fintech Repository for Financial Sector
By Ajoy K Das | 11/12/2023
The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.

Fintech / Regtech
Australia Proposes Licensing Framework for Payment Services
By Manesh Samtani | 09/12/2023
Payment service providers would need to be licensed by ASIC, and in some cases, APRA. The ePayments Code will also be updated and made mandatory.
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