The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
Of around 170 digital payment token service providers who applied for a licence, 30 applications have been withdrawn after engagement with MAS and two have been rejected.
The changes place greater importance on the use of PvP settlement where available, and provide guidance on risk reduction where PvP settlement is not in use.
Shanghai's Pudong New Area will be able to freely use the yuan in cross-border financial products in a new pilot programme.
China has sanctioned former US Secretary of Commerce Wilbur Ross, 5 other individuals, and a nonprofit organisation.
Foreign VASPs that continue to target Korean customers after 24 September without registering with KoFIU will be subject to penalties in Korea.
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
The updated guidance reflects the reforms which consolidate three existing hawking prohibitions into a ban covering all financial products.
Only qualified investors can trade on the new boards, including individuals that meet a net worth or annual income requirement.
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