AI, Technology & Data

Conduct, Culture & Accountability

Hong Kong to Pass New National Security Law in April

By Editors | 09/03/2024

The law includes sentences of up to life imprisonment for treason, insurrection and sabotage, and 10 years for crimes linked to state secrets.

Fraud, Scams & Cybercrime

Singapore Police, Banks Deploy RPA Technology to Combat Scams

By Editors | 08/03/2024

Over two months, the tech was used to send more than 15,000 SMSes to potential victims alerting them to the deceptive schemes they were entrenched in.

CBDCs

BIS Innovation Hub to Explore ‘Privacy by Design’ for CBDC

By Manesh Samtani | 07/03/2024

The BIS Innovation Hub and HKMA have launched Aurum 2.0, a project focused on building privacy features into CBDC systems.

Anti-Money Laundering

BSP to Enhance Reporting Rules for Money Services Businesses

By Editors | 06/03/2024

MSBs would also need to notify the BSP within five days of any event which may have a significant negative impact on their business or reputation.

Anti-Money Laundering

Singapore ACRA to Streamline Corporate Regulatory Processes

By Nithya Subramanian | 06/03/2024

A tiered framework will be established to enable ACRA to disclose data to meet statutory obligations relating to anti-money laundering.

Cybersecurity

RBNZ: New Cyber Reporting Rule to Start Next Month

By Sanday Chongo Kabange | 06/03/2024

Regulated entities will be required to report material cyber incidents to the RBNZ within 72 hours starting from 8 April 2024.

PEPs & Sanctions

OFAC Sanctions Members of Spyware Consortium

By Editors | 06/03/2024

The consortium’s spyware and surveillance tools were used to target US officials, journalists, and policy experts.

Fraud, Scams & Cybercrime

Australia: NASC Warns of Deepfake Celebs Promoting Scams

By Sanday Chongo Kabange | 06/03/2024

Fake news articles and deepfake videos are being used to convince people to make online investments that turn out to be scams.

Reporting & Disclosures

JPX Develops Method to Automate TCFD Disclosure Checks

By Mark Johnston | 05/03/2024

Large language models are used evaluate securities reports to check whether recommended TCFD disclosures were made.