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Fraud, Scams & Cybercrime
US Recovers Crypto Ransoms Paid by Healthcare Providers
By Editors | 23/07/2022
The FBI seized about USD 500,000 from two crypto accounts that had received ransoms paid by US health care providers to North Korean hackers.
Anti-Money Laundering
HKMA, Cyberport Jointly Promote Use of AML RegTech
By Editors | 22/07/2022
HKMA, Cyberport and Deloitte co-organised the second AMLab, focusing on low-barrier technologies such as RPA and visualisation tools.
Credit Risk
CBIRC Calls on Banks to Improve Online Lending Operations
By Darien Choong | 22/07/2022
The rules call on banks that lend online to improve their services, risk management and data management capabilities.
Data Privacy
PDPC Issues Data Protection Guidance for Blockchain Apps
By Editors | 22/07/2022
The guidance provides data protection recommendations for firms developing and deploying blockchain apps that process personal data.
Data Privacy
China CAC Fines Didi ¥8bn for Data Security Breaches
By Editors | 22/07/2022
The fine is seen as a sign that China’s regulatory crackdown in the tech sector is winding down. Didi is expected to be able to resume normal operations.
Cloud & Infrastructure
Philippines: Diokno Directs SEC to Further Digitalise Markets
By Editors | 21/07/2022
Finance Secretary Benjamin Diokno directed the SEC to use digital technologies to improve monitoring, build investor trust, protect the investing public, and better serve the economy.
Structural Regulation
FSC Korea Launches New Committee to Lead Reform Efforts
By Sanday Chongo Kabange | 21/07/2022
The committee is expected to ease rules for banks on investments in non-financial businesses, improve ESG disclosure rules, overhaul capital markets infrastructures.
Structural Regulation
Philippines: UnionBank Commences Digital Banking Operations
By Editors | 20/07/2022
UnionDigital Bank commenced operations on Monday after receiving the BSP’s green light for the launch last week.
Cloud & Infrastructure
HKMA Issues Regtech Guide on Third-Party Risk Management
By Sanday Chongo Kabange | 19/07/2022
The practice guide is meant to help banks plan the implementation of regtech solutions to address the risks associated with third-party relationships.
Cloud & Infrastructure
HKMA, Banks, Bloomberg Launch Fintech Talent Initiative
By Editors | 18/07/2022
The partners include the HKMA, FSDC, Bloomberg, Ant Group, Bank of America, BOCHK, Citi, Credit Suisse, DBS, Goldman, HKEX, HSBC, JP Morgan, and others.
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