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AI, Technology & Data
Trade Based Money Laundering
ABS Launches Automated Bill of Lading Verification for Banks
By Nithya Subramanian | 13/02/2025
The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.
AI Risk & Governance
OECD Launches Global Reporting Framework for Advanced AI Systems
By Manesh Samtani | 13/02/2025
Amazon, Anthropic, Google, Microsoft, and OpenAI are among those that have pledged to submit reports under the new framework
Fraud, Scams & Cybercrime
CBA, Telstra Expands Fraud Detection Collaboration
By Sanday Chongo Kabange | 12/02/2025
CBA and Telstra’s expanded pact will implement a new anti-scam technology to help protect customers from identity theft.
AI Risk & Governance
UK and US Refuse to Sign AI Declaration at Paris Summit
By Thisanka Siripala | 12/02/2025
The UK said the declaration lacked clarity on global governance and did not sufficiently address national security risks.
Cybersecurity
Korean Crypto Exchanges Urged to Bolster IT Security After Failures
By Thisanka Siripala | 12/02/2025
FSS inspections in the last two months found traffic surges overloaded exchange servers, highlighting the need for infrastructure upgrades.
Supervision & Enforcement
US Consumer Financial Protection Bureau Suspends Activities
By Nithya Subramanian | 11/02/2025
Acting Director Russell Vought directed employees to stay home and pause all CFPB investigations and enforcement actions.
Cybersecurity
Swift Action Needed for Transition to Post-Quantum Cryptography
By Thisanka Siripala | 11/02/2025
The Europol-backed Quantum Safe Financial Forum said FIs and policymakers must take immediate steps towards a quantum-safe financial ecosystem.
Operational Risk
Indonesia’s OJK Issues 9 New Financial Sector Regulations
By Nithya Subramanian | 11/02/2025
The new regulations cover financing institutions, venture capital companies, microfinance institutions and P2P lenders.
Cybersecurity
RBI to Boost Security of Cross-border CNP Transactions
By Nithya Subramanian | 11/02/2025
The RBI proposes to require an additional factor of authentication for card-not-present transactions initiated by overseas merchants or acquirers
Data Privacy
APAC Governments Impose Restrictions on Use of DeepSeek
By Mark Johnston | 10/02/2025
South Korea, India, Australia and Taiwan have imposed restrictions on using DeepSeek on government devices.
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