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Enforcement
Taiwan FSC Fines Cathay United Bank Over ATM Disruptions
By Darien Choong | 14/04/2022
The bank was fined, temporarily barred from setting up new ATMs, and required to increase its operational risk capital by 30 June.
Crypto / Digital Assets
Nasdaq Publishes Guide on Global Crypto Regulation
By Editors | 14/04/2022
Nasdaq has published a summary of laws and regulations governing the trading of crypto assets around the world.
Fintech / Regtech
DTCC to Explore Use of CBDC in Clearing and Settlement
By Sanday Chongo Kabange | 14/04/2022
Project Lithium will explore how a CBDC can reduce counterparty risk and trapped liquidity, increase capital efficiency and enable atomic settlement.
Fintech / Regtech
Australia, Singapore to Deepen Collaboration via ‘FinTech Bridge’
By Editors | 13/04/2022
The bilateral FinTech Bridge will enable stronger cooperation and collaboration on policy and regulation to better support the cross-border growth of the fintech industry.
AML / KYC
AUSTRAC Offers Update on Work to Enhance Reporting System
By Editors | 13/04/2022
The IFTI-E schema version 2.0 will be finalised in the next few months. This will be used to enable the upload of IFTI-E reports through a new API and user interface.
AML / KYC
Crypto Firms and Sanctions: Five Tools for Compliance
By Manesh Samtani | 12/04/2022
Sanctions screening starts with effective KYC, says Refinitiv’s Neil Vaz, pointing to five “universal tools” crypto firms need to ensure compliance.
Fintech / Regtech
Bangladesh Bank Commences Work on Digital Bank Framework
By Editors | 12/04/2022
The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.
Fintech / Regtech
Singapore Crypto Firms Offered Clarity on Advertising Ban
By Darien Choong | 12/04/2022
Industry bodies have formed a task force to draft a code of practice to address issues around marketing and advertising of crypto services, as suggested by MAS.
Crypto / Digital Assets
Shinhan Bank to Pilot Crypto Service for Corporate Clients
By Editors | 12/04/2022
Shinhan, through its partner exchange Korbit, will become the first Korean bank to allow businesses to invest in cryptocurrencies.
Fintech / Regtech
RBI Issues Guidelines on Establishing Digital Banking Units
By Ranamita Chakraborty | 11/04/2022
Commercial banks with past digital banking experience can open new digital banking units without having to seek authorisation from the RBI.
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