AI, Technology & Data

Data Privacy

Australia Introduces First Tranche of Privacy Reforms to Parliament

By Manesh Samtani | 12/09/2024

The proposed reforms will strengthen the OAIC’s enforcement toolkit and provide the Courts new functions and capabilities to address privacy breaches.

Data Privacy

China Implements Standard Contract for Macau-GBA Data Flows

By Editors | 12/09/2024

Mainland and Macau authorities have released a new standard contract to promote cross-border mobility of personal data within the GBA.

Fraud, Scams & Cybercrime

Singapore Police Nab 6 Men Linked to Global Cybercrime Syndicate

By Nithya Subramanian | 11/09/2024

The men, suspected of conducting global malicious cyber operations from Singapore, were arrested in an operation involving 160 police officers.

Cybersecurity

Australia and Japan Pledge Deeper Cybersecurity, Defence Ties

By Thisanka Siripala | 11/09/2024

Australia and Japan have strengthened their cybersecurity ties with the launch of the Pacific Digital Development Initiative.

Fraud, Scams & Cybercrime

State Bank of Vietnam Tightens Grip on Account Fraud – Report

By Nithya Subramanian | 11/09/2024

Financial institutions are now required to provide monthly updates on accounts showing signs of fraud or other legal violations.

AI Risk & Governance

New Zealand FIs Taking ‘Cautious Approach’ to AI Adoption – FMA

By Sanday Chongo Kabange | 10/09/2024

The FMA conducted research to better understand how regulated entities are exploring the adoption of AI, to help shape an appropriate regulatory framework.

Anti-Money Laundering

France Releases Telegram CEO on €5m Bail and Conditions

By Manesh Samtani | 10/09/2024

Telegram modified its content moderation policies, allowing users to flag content in private and group chats that they believe is illegal, among other changes.

Anti-Money Laundering

HKMA Issues Guidance on Using AI to Enhance AML Monitoring

By Sanday Chongo Kabange | 10/09/2024

Banks will have to assess the feasibility of adopting AI in their ML/TF monitoring systems and then formulate and submit an implementation plan to HKMA by end March 2025.

Reporting & Disclosures

Bursa Malaysia, MyDIGITAL to Drive ESG via Digital Solutions

By Nithya Subramanian | 10/09/2024

The collaboration will support companies in leveraging digitalisation to improve operational efficiency and overall sustainability performance.