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AML / KYC
The Rising Standards of AML/CFT Compliance in Hong Kong
By Susanne Harris | 22/11/2021
Mayer Brown’s Susanne Harris, Wei Na Sim, Alan Linning and Charlene Wong discuss key developments in the AML/CFT space in Hong Kong in 2021.
Fintech / Regtech
OCBC ‘Actively Exploring’ Partnerships to Enter Crypto Space
By Manesh Samtani | 21/11/2021
OCBC’s Aditya Gupta says digital assets will be mainstreamed into the financial ecosystem “before we know it”, creating new growth opportunities and revenue streams for banks.
Fintech / Regtech
ASX Opens DLT-as-a-Service Platform for Production Use
By Editors | 21/11/2021
Synfini uses the same underlying technology as ASX’s replacement system for CHESS, but is offered as a cloud service to facilitate product innovation.
Fintech / Regtech
A Regulatory Minefield: The Future of Digital Currency
By Mark Johnston | 18/11/2021
Digital currencies are the regulatory challenge of our time with significant upsides of financial inclusion, but also a minefield requiring careful navigation.
Enforcement
FSS Korea Fines Naver Financial for Data Security Failures
By Editors | 16/11/2021
The FSS fined Naver Financial and issued warnings against three executives for exposing its office intranet to external risks.
Crypto / Digital Assets
Asia’s Payments Landscape Shines at Singapore Fintech Festival
By Mark Johnston | 16/11/2021
The Asian fintech scene witnessed a raft of new announcements at this year’s Singapore Fintech Festival held from 8-12 November 2021.
Securities / Derivatives
Taiwan Formally Designates FSC as Crypto Industry Supervisor
By Editors | 16/11/2021
Cryptocurrency businesses will be listed under the category of “finance, insurance and real estate” and STOs will be listed under the securities firms subcategory.
Fintech / Regtech
Japanese Investors to Gain Access to Digital Securities via ADDX
By Editors | 14/11/2021
Through securities broker Tokai Tokyo, ADDX (formerly iSTOX) will offer Japanese investors access to tradeable security tokens backed by real estate and other assets.
Fintech / Regtech
Sri Lanka Rolls Out National QR Payments Solution
By Ranamita Chakraborty | 13/11/2021
LANKAQR targets SMEs and customers will not be charged for payments made by scanning a QR code with their mobile device.
Fintech / Regtech
Indonesia Religious Council Declares Crypto Assets Forbidden
By Editors | 12/11/2021
Crypto assets as a currency are considered haram, or banned, for Muslims, according to Indonesia’s National Ulema Council.
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