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AML / KYC
Hong Kong Gazettes Bill to Facilitate Financial Crime Info-Sharing
By Sanday Chongo Kabange | 01/04/2025
The bill proposes to introduce a voluntary mechanism for AIs to share information through secure HKMA-designated platforms.
Crypto / Digital Assets
Thailand Launches G-Token Initiative to Attract Retail Investors
By Nithya Subramanian | 01/04/2025
The initiative will involve transforming government bond assets into so-called G-Tokens and allowing access for retail investors.
Fintech / Regtech
SFC Launches New AI Market Scanning Detection Model
By Sanday Chongo Kabange | 01/04/2025
The SFC is using AI-empowered analytics to identify red flags in listed companies early, so that issues can be addressed before they escalate.
Crypto / Digital Assets
SFC Approves Launch of “World’s First” Tokenised Money Market ETF
By Manesh Samtani | 29/03/2025
HashKey and Bosera said the new ETFs will provide investors an instrument that “balances traditional stability with the agility and flexibility of digital assets”.
Crypto / Digital Assets
Taiwan’s FSC Releases Draft Law to Govern VASPs
By Nithya Subramanian | 28/03/2025
The Virtual Asset Service Act covers VASP licensing and operational requirements, stablecoin issuance, and penalties for non-compliance.
Fintech / Regtech
HKMA Preparing to Further Enhance Wealth Connect Scheme
By Manesh Samtani | 28/03/2025
The enhancement would aim to refine quota eligibility, further expand the suite of eligible products, improve the selling process, and investors more Mainlanders to participate.
Fintech / Regtech
Navigating the Regulation of Generative AI in Financial Services
By Mary Leung | 27/03/2025
Mary Leung discusses how AI is being regulated in the financial services industry and the approaches different jurisdictions are pursuing.
Fintech / Regtech
AusPayNet Launches Industry Code for e-Conveyancing Payments
By Sanday Chongo Kabange | 27/03/2025
AusPayNet says the new industry code will enhance security, standardise and provide efficiency to e-conveyancing payments.
Fintech / Regtech
HKMA Applying GenAI to Monitor for Banking System Risks
By Manesh Samtani | 27/03/2025
HKMA is using an in-house GenAI tool to analyse banks’ earnings call transcripts to identify major risks ahead of actual stress events.
Enforcement
FSS Probing KRX Over System Failure That Halted KOSPI Trading
By Nithya Subramanian | 26/03/2025
The system error caused a seven-minute freeze in KOSPI trading, the first market halt during regular hours since KRX was established in 2005.
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