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AML / KYC
RBI Harmonises KYC Rules for All Entities in Payments Industry
By Nithya Subramanian | 02/12/2025
The framework covers prepaid issuers, payment aggregators, AePS operators and remittance providers, standardising compliance requirements and removing ambiguity.

Fintech / Regtech
ASIC Updates Complaints Data Rules to Cover BNPL, Digital Assets
By Sanday Chongo Kabange | 02/12/2025
ASIC has updated its mandatory internal dispute resolution data reporting handbook, adding new categories for emerging financial products and enhancing data validation.

Fintech / Regtech
EU Agrees to Shift Fraud Liability to Payment Providers and Online Platforms
By Manesh Samtani | 02/12/2025
New framework introduces mandatory payee verification, enhances open banking access, and makes payment firms liable for impersonation scams.

Fintech / Regtech
OCBC to Enable WeChat Pay QR Payments in China in 2026
By Nithya Subramanian | 02/12/2025
The move results from an expanded partnership with UnionPay International, formalised on 28 November 2025 in Shanghai.

Securities / Derivatives
ASX Suffers Another Outage, Drawing Fresh Scrutiny from Regulators
By Sanday Chongo Kabange | 02/12/2025
A technical failure on the ASX's announcements platform on Monday halted trading in dozens of stocks.

Securities / Derivatives
CME Outage Halts Global Trading, Spurs Calls for More Competition
By Manesh Samtani | 02/12/2025
A 10-hour outage caused by a data centre cooling failure trapped traders and highlighted market structure vulnerabilities.

Fintech / Regtech
India Launches New Platform to Give RBI Greater Payments Visibility
By Nithya Subramanian | 02/12/2025
The 'Banking Connect' platform gives the RBI real-time visibility into net-banking fund transfers, replacing long reporting delays and tightening oversight of high-risk payment flows.

AML / KYC
Australia Consults on Mandatory Anti-Scam Regime for Banks, Digital Platforms
By Sanday Chongo Kabange | 02/12/2025
The government has released draft rules designating sectors and outlining new obligations for preventing, detecting, and responding to scams.

Crypto / Digital Assets
China Renews Crypto Crackdown, Puts Stablecoins in Crosshairs
By Manesh Samtani | 01/12/2025
Top financial and security bodies met to reinforce a ban on crypto activities, highlighting stablecoins as a key risk area.

Fintech / Regtech
MAS, ABS Reject Calls to Loosen Anti-scam Cooling-off Rule
By Nithya Subramanian | 01/12/2025
MAS and ABS say scam risks remain too high to exempt own-account transfers from the 24-hour cooling-off rule, despite customer complaints.
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