FINTECH / REGTECH

AML / KYC

New Industry Anti-fraud Platfom in Taiwan Yields Results: FSC

By Mark Johnston | 25/06/2024

The platform, established to prevent unathorised bank transfers, identified 136 suspicious accounts in the first month of operation.

AML / KYC

BSP Details Efforts to Address Fraud and Scam Threats

By Bradley Maclean | 25/06/2024

BSP officials discuss efforts to address fraud and scam threats through new requirements for banks and a thematic review of fraud management during 2024.

Fintech / Regtech

Taiwan Finalises Guidelines on Use of AI in Financial Industry

By Manesh Samtani | 25/06/2024

The guidelines are not legally binding, but are intended to provide direction and best practices for financial institutions.

Securities / Derivatives

Korea Issues Best Execution Guidelines for Securities Firms

By Manesh Samtani | 23/06/2024

The guidelines are intended to help securities firms understand how they should allocate customer orders once the new ATS market is launched in March 2025.

Fintech / Regtech

EU Commission Launches Consultation on Use of AI in Finance

By Editors | 23/06/2024

The consultation and a series of workshops target all financial stakeholders, covering use cases, benefits, barriers, risks and stakeholder needs.

Crypto / Digital Assets

Hong Kong Seeks to Lures Canadian Tech Startups to City

By Sanday Chongo Kabange | 22/06/2024

Hong Kong officials are calling on crypto, fintech and Web3 startups from Canada to set up in the city.

Sanctions

OFAC Sanctions 12 Execs of Cybersecurity Firm Kaspersky Lab

By Editors | 22/06/2024

Kaspersky products, services, and software updates will also be banned in the US starting from 29 September due to the company’s Russian ties.

Fintech / Regtech

Indian Banks Delayed in Joining Bharat Bill Pay System

By Ajoy K Das | 21/06/2024

Several major banks have not yet gone live on the BBPS despite a 30 June deadline for credit card payments to be processed on the interface.

AML / KYC

National Risk Assessment Reinforces Need for AML Reforms: AUSTRAC CEO

By Editors | 20/06/2024

AUSTRAC CEO Brendan Thomas said the need to respond to the vulnerabilities posed by professional services firms is now “more critical than ever”.