ADVERTISEMENT
Enforcement
ACCC Issues First Penalty for CDR Breach Against BOQ
By Sanday Chongo Kabange | 14/07/2022
This is the first infringement notice the ACCC has issued for an alleged breach of the CDR rules as BOQ pays penalty.
AML / KYC
Australian Banks Introduce Dynamic CVV to Reduce Card Fraud
By Editors | 14/07/2022
Westpac customers who use dynamic CVV have seen an 80 percent reduction in fraud compared to those who don’t.
AML / KYC
HKMA Advances Work on AML SupTech, Bank-to-Bank Data Sharing
By Darien Choong | 13/07/2022
HKMA executive director Carmen Chu discussed initiatives to enable bank-to-bank information sharing and use granular bank data to detect ML risk.
Fintech / Regtech
Cambodia Establishes Common National Standard for QR Payments
By Editors | 12/07/2022
NBC intends to use the new KHQR system to facilitate cross-border payments within the region in future.
AML / KYC
GCFFC Offers Recommendations on Improving AML Effectiveness
By Manesh Samtani | 12/07/2022
PPPs could benefit from the FATF providing a clearer endorsement of their benefits within the global framework, the paper says.
Fintech / Regtech
FSC Korea Approves Rule Change to Promote Data Convergence
By Sanday Chongo Kabange | 11/07/2022
Firms that do not hold their own data will be allowed to use pseudonymised data from other businesses in their analysis.
AML / KYC
GLEIF Launches vLEI Issuer Qualification Programme
By Manesh Samtani | 07/07/2022
The vLEI is a digital version of the LEI which can be securely verified online against the source information held in GLEIF’s data repository.
Fintech / Regtech
BSEC Orders Stock Exchanges to Establish Integrated Reporting Platform
By Editors | 06/07/2022
The DSE and CSE were instructed to consolidate their online data gathering, information submission and dissemination platforms into a single integrated platform.
Fintech / Regtech
JPX Launches ‘J-Quants’ Data Service for Retail Investors
By Editors | 06/07/2022
The service aims to address the difficulties retail investors face in accessing and using raw financial data for investment analysis and decision-making.
Fintech / Regtech
Taiwan FSC Set to Open Applications for Internet-Only Insurer Licences
By Darien Choong | 05/07/2022
Applications will be open from 1 August. Fubon Financial and CTBC Financial have reportedly expressed interest in the licence.
JOIN OUR NEWSLETTER
A daily selection of top stories from the Regulation Asia editorial team