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Fintech / Regtech
SFC Eying Rules on Instant Message Trade Orders
By Samuel Riding | 16/04/2018
Executive director also says regulator to develop common standard on the content and format of data required to be kept by investment firms.
Fintech / Regtech
HKMA, HKEX Adopt New Messaging Standard
By Editors | 13/04/2018
Monetary authority and stock exchange to use messaging system across cross-border payments and remittances, support ‘open banking’.
AML / KYC
S.Korea Probes Banks’ Cryptocurrency AML Polices
By Editors | 12/04/2018
Financial Services Commission to conduct on-site expectations of three banks with cryptocurrency account relationships.
Enforcement
Alipay Fined for Customer Rights, Data Protection Failures
By Editors | 12/04/2018
The company did not ensure customers had sufficient product information, failed to comply with rules on customer data, included misleading information in ads.
AML / KYC
Japan Proposes Regulatory Framework to Legalise ICOs
By Manesh Samtani | 09/04/2018
Government-backed research group proposes rules for identifying investors, preventing money laundering and protecting equity and debt holders.
Crypto / Digital Assets
India Bars Banks from Cryptocurrency Dealings
By Manesh Samtani | 07/04/2018
Reports suggest banks will have three months to comply; central bank meanwhile explores feasibility of state-backed digital currency.
Fintech / Regtech
GFMA Publishes Common Approach for Cyber Penetration Testing
By Manesh Samtani | 05/04/2018
New penetration testing framework establishes process for industry-wide cross-jurisdictional coordination on development and use of existing frameworks.
AML / KYC
New Rules for Australian Crypto Exchanges Take Effect
By Manesh Samtani | 05/04/2018
Exchanges must register with AUSTRAC, adopt AML/CTF programme, verify customer identities, report suspicious transactions, maintain seven years of records.
Fintech / Regtech
Philippines to Strengthen Supervision Through Regtech
By Editors | 05/04/2018
BSP to adopt regtech solutions including API for electronic data submissions by FIs, chatbot for complaints to the regulator.
Fintech / Regtech
MAS Guidance on AI, Data Analytics In The Works
By Editors | 04/04/2018
Key financial industry stakeholders to co-create guide setting out key principles, best practices to strengthen governance, reduce data misuse risks.
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