Fintech / Regtech

Fintech / Regtech

US Agencies Pledge to Combat Harmful Uses of AI

By Editors | 30/04/2023

Four agencies reaffirmed their commitment to “vigorously enforce their collective authorities and to monitor the development and use of automated systems.”

Crypto / Digital Assets

China to Start Using CBDC in Cross-Border Trade

By Sanday Chongo Kabange | 28/04/2023

Xuzhou will use the e-CNY for payment of Belt and Road trade costs; Changshu City will use it to pay civil servants.

Fintech / Regtech

Japan: Reforms Needed to Boost Digital Green Bond Market

By Editors | 28/04/2023

Expert panel finds that the technology used in JPX’s digitally tracked green bond has other applications, but some challenges need to be addressed first.

Fintech / Regtech

Thailand to Defer Publication of Virtual Banks Framework

By Editors | 28/04/2023

The BOT said it received “helpful” consultative feedback and now needs more time to clarify the licensing conditions and produce an application manual.

AML / KYC

BSP Issues Guidance on Effective Transaction Monitoring

By Sanday Chongo Kabange | 27/04/2023

The guidance calls on regulated financial institutions to bolster their TM systems, highlighting the importance of board of senior management involvement.

AML / KYC

US Treasury Sets Out Strategy to Address De-risking

By Editors | 26/04/2023

Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.

Fintech / Regtech

HKMA, PBOC Explore Use of CBDC for Cross-border Payments

By Editors | 26/04/2023

HKMA deputy chief Darryl Chan said there is scope to expand the Wealth Management Connect scheme and use CDI data for cross-border finance.

AML / KYC

Crypto Industry Needs ‘Unified Approach’ to Travel Rule Compliance

By Manesh Samtani | 25/04/2023

A new report from Notabene offers insight into how prepared crypto firms are for upcoming regulatory deadlines relating to the Travel Rule.

Securities / Derivatives

Taiwan to Strengthen Supervision on the Use of Robo-Advisers

By Editors | 24/04/2023

The maximum fine for malpractice at securities companies will be raised from TWD 3.6 million currently to TWD 15 million.