The system will also support businesses in mobilising mid and long-term capital, helping them reduce their dependence on bank credit.
BSEC chairman Shibli Rubayat ul Islam allegedly received $800,000 in payments from accounts linked to a $13mn fraud against Hong Kong-based Ming Global.
Panellists at Regulation Asia’s Fraud and Financial Crime conference stressed the need to up-skill financial sector professionals so they can use AI in fighting financial crime.
The Cambodian Shared Switch aims to enhance payment transactions through payment cards in Cambodia.
KHQR users in Cambodia would be able to directly scan UnionPay QR codes in China within this year.
The NBC says the new rules will incentivise lenders to release more loans to businesses and ensure finance is available at “reasonable interest rates".
The government expects the country's domestic debt restructuring process gets to conclude during the five-day market closure period.
New Zealand Privacy Commissioner Michael Webster said AI users and developers need to make sure they are compliant with privacy law.
The central bank plans to finalise a new licensing framework for digital banks this month, after consulting with stakeholders.
FINMA said its intensive supervision will "definitely continue". MAS said it expects both banks to handle the implications for jobs "responsibly".
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