AI, Technology & Data

Fraud, Scams & Cybercrime

Japan FSA Issues Revised Guidelines for Moneylenders

By Thisanka Siripala | 25/03/2025

The updated guidelines aim to improve system risk management, address fraudulent practices, and strengthen IT governance.

KYC & CDD

Korea Allows Foreigners with Digital IDs to Open Bank Accounts

By Nithya Subramanian | 25/03/2025

Six banks will initially allow foreign nationals in Korea to use the mobile version of their foreigner registration cards to access financial services.

Cybersecurity

Taiwan FSC Issues Cyber & Audit Rules for Electronic Payment Firms

By Nithya Subramanian | 24/03/2025

The amendments mandate stricter internal audits and require large electronic payment institutions to establish dedicated cybersecurity units.

Data Privacy

OJK Indonesia Launches New Portal for Financial Sector Data

By Nithya Subramanian | 21/03/2025

OJK said the new web-based portal will improve transparency and facilitate more effective, data-driven decision-making.

Fraud, Scams & Cybercrime

Thailand Insurance Regulator Unveils AI Tools to Combat Fraud

By Mark Johnston | 21/03/2025

Thai authorities take action against triggered by a sophisticated insurance scam involving multiple policies and staged accidents.

Structural Regulation

JSDA Revises Rules on Digital Document Delivery

By Thisanka Siripala | 21/03/2025

Changes to JSDA’s self-regulatory rules aim to standardise and clarify the methods for providing information to customers electronically.

Structural Regulation

New Zealand FMA Adopts “Outcomes-Focused” Regulatory Approach

By Thisanka Siripala | 20/03/2025

The FMA is seeking to be more “proportionate” and “impactful” in its regulatory efforts, rather than “getting bogged down by minor compliance matters.”

Cloud & Infrastructure

HKMA Publishes Research on DLT Adoption in Financial Sector

By Sanday Chongo Kabange | 20/03/2025

The HKMA encourages AIs to review the research paper and leverage its insights to explore DLT-related innovations.

Cybersecurity

Hong Kong Passes Cybersecurity Law to Protect Critical Infrastructure

By Manesh Samtani | 20/03/2025

The law establishes requirements for operators of critical infrastructure, including in banking and financial services, to safeguard their computer systems from cyberattacks.