Fintech / Regtech

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    Fintech / Regtech

    Thailand to Defer Publication of Virtual Banks Framework

    By Editors | 28/04/2023

    The BOT said it received “helpful” consultative feedback and now needs more time to clarify the licensing conditions and produce an application manual.

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    AML / KYC

    BSP Issues Guidance on Effective Transaction Monitoring

    By Sanday Chongo Kabange | 27/04/2023

    The guidance calls on regulated financial institutions to bolster their TM systems, highlighting the importance of board of senior management involvement.

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    AML / KYC

    US Treasury Sets Out Strategy to Address De-risking

    By Editors | 26/04/2023

    Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.

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    Fintech / Regtech

    HKMA, PBOC Explore Use of CBDC for Cross-border Payments

    By Editors | 26/04/2023

    HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

    AML / KYC

    Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

    By Manesh Samtani | 25/04/2023

    A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

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    Securities / Derivatives

    Taiwan to Strengthen Supervision on the Use of Robo-Advisers

    By Editors | 24/04/2023

    The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.

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    Fintech / Regtech

    FSC Korea Enhances Fintech Sandbox Programme

    By Editors | 24/04/2023

    Moving forward, the FSC will be recruiting D-Testbed participants twice a year instead of once.

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    Crypto / Digital Assets

    FIX Protocol Adopts Digital Token Identifier ISO Standard

    By Editors | 24/04/2023

    Adding the DTI to FIX will allow the industry to incorporate the trading and settlement of digital assets into their current trading and settlement operations.

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    ESG / Sustainability

    Singapore, China Deepen Collaboration on Green Finance

    By Editors | 24/04/2023

    MAS-PBOC green finance taskforce will work on taxonomy interoperability, the sustainability bond market, and digital green bonds.

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    AML / KYC

    ChatGPT Could ‘Turbocharge’ Fraud and Scams: US FTC Chair

    By Editors | 23/04/2023

    The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.

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