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Anti-Money Laundering
US DOJ Resolves Dispute with Google Over BTC-e Data
By Editors | 02/11/2022
Crypto exchange BTC-e was shut down in 2017 for alleged money laundering. At the time, US authorities were unable to obtain data from Google for the investigation because it was held overseas.
Structural Regulation
Google Fined $275m in India for Anti-Competitive Practices
By Editors | 01/11/2022
Google is ordered to allow the use of third-party payment processing services in its Play Store and not discriminate against apps facilitating UPI payments.
Trading & Investment
ASX Issues 2nd Consultation on Measures for Handling Outages
By Editors | 01/11/2022
ASX is seeking feedback on new order and trade download services, a ‘cancel only’ session state, and an intraday restart capability.
Payments & Settlements
Thailand Set to Launch Letter of Guarantee System for Banks
By Editors | 31/10/2022
The Bank of Thailand said the new blockchain-based system has passed its regulatory sandbox process after being tested by 18 commercial banks.
Data Privacy
Hong Kong CR to Shield Some Director Info from Public View
By Editors | 30/10/2022
Residential addresses and full ID numbers will be replaced with correspondence addresses and partial ID numbers. FIs can still apply for access to the full data.
Reporting & Disclosures
Singapore to Host Platform to Unify Carbon Market Registry Data
By Editors | 29/10/2022
Climate Action Data Trust, or CAD Trust, will link, aggregate and harmonise all major carbon market registry data, and help with reporting under Article 6 of the Paris Agreement.
Credit Risk
HKMA Streamlines Requirements on Use of Tech in Lending
By Editors | 28/10/2022
The streamlined requirements will help lenders accelerate the adoption of advanced data analytics in credit underwriting.
Conduct, Culture & Accountability
HKMA Issues Regtech Guide for Sales and Suitability Practices
By Manesh Samtani | 28/10/2022
The guide describes a solution to automating product due diligence and a governance tool for improving oversight of the sales advisory process.
Structural Regulation
FCA Explores Competition Risks from BigTech in Retail Financial Services
By Editors | 27/10/2022
The consultation focuses on Big Tech firms’ entry and expansion into four retail sectors – payments, deposit taking, consumer credit and insurance.
AI Risk & Governance
NLP for Regulatory Compliance: A Question of When, Not If
By Irene Liu | 27/10/2022
Accenture’s Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.
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