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AML / KYC
OCBC Speeds Up Criminal Probes Through Automated System ‘POET’
By Editors | 03/02/2020
‘POET’ digitally receives and responds to investigation requests with minimal human intervention, allowing OCBC to respond to law enforcement requests within 1-2 working days.
Fintech / Regtech
Cambodia to Launch CBDC-based Payment System
By Editors | 03/02/2020
The new payment system expected to launch in the coming months has the support of 11 banks so far, and will operate using a quasi-CBDC known as ‘Bakong’.
Fintech / Regtech
HKEX Explores AI Use to Review Issuer Disclosures
By Manesh Samtani | 03/02/2020
In the initial stage, HKEX has applied artificial intelligence to identify listed companies’ disclosures as required by some selected rules.
Crypto / Digital Assets
IOSCO Highlights Debt Market Concerns in Annual Work Programme
By Editors | 31/01/2020
The 2020 work programme provides an update on five existing priorities and an overview of planned work on a new priority – corporate debt and leveraged loans.
Fintech / Regtech
S. Korea: P2P Lending Law to Take Effect in August
By Editors | 29/01/2020
The FSC is seeking comment on a draft enforcement decree setting out entry requirements, operating rules and investor protection measures for the P2P lending sector.
AML / KYC
Singapore’s Payment Services Act Comes Into Force
By Manesh Samtani | 28/01/2020
The PS Act gives MAS formal supervisory powers over technology, cybersecurity and AML/CFT controls at payment services firms, including cryptocurrency and e-wallet companies.
Fintech / Regtech
Japanese Lawmakers Working on ‘Digital Yen’ Proposal – Report
By Editors | 28/01/2020
The group of lawmakers reportedly plans to submit its proposal for a ‘digital yen’ to the government as early as next month.
Fintech / Regtech
WEF Announces Global Consortium for Digital Currency Governance
By Editors | 28/01/2020
The consortium aims to address regulatory fragmentation and increase access to the financial system through innovative policy solutions for digital currencies.
Fintech / Regtech
Australia Considers Opening ‘Write’ Access Under Open Banking
By Editors | 24/01/2020
The government will consider expanding the consumer data right to allow ‘write’ access by entities other than banks, similar to how the EU’s PSD2 operates.
AML / KYC
China Issues Guidelines on Facial Recognition Enabled Payments
By Editors | 23/01/2020
The guidelines set out principles for the use of facial recognition technology in payments, covering user consent and the collection, storage and use of facial data.
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