AI, Technology & Data

Cybersecurity

ASIC Prioritises Economic Recovery in New Corporate Plan

By Ranamita Chakraborty | 26/08/2021

ASIC’s key external priorities for the next four years include the economy, innovation, consumer harm, cyber resilience, and industry readiness for regulatory reforms.

Anti-Money Laundering

FSC Korea Confirms Plans for Dedicated Crypto Bureau at KoFIU

By Manesh Samtani | 26/08/2021

24 of the 63 crypto exchanges operating in Korea have not yet applied for ISMS certification, a KoFIU registration requirement that takes months to obtain.

Payments & Settlements

Bank Indonesia Issues Framework for Open Banking

By Sanday Chongo Kabange | 26/08/2021

Under the framework, 16 banks and payment service providers will be required to adopt open API systems by June 2022.

Data Privacy

China Considers Data Controls for Firms Seeking Overseas IPOs

By Editors | 26/08/2021

The plan would require companies seeking overseas listings to hand over management and supervision of their data to third-parties.

Structural Regulation

SEC Directs Chinese Firms to Issue Disclosures on VIE Structures

By Sanday Chongo Kabange | 26/08/2021

Chinese companies have started to receive instructions from the SEC on the disclosures they must provide on their use of VIEs for US-bound IPOs.

Cryptocurrency

Japan: Crypto Firm Liquid Resumes Services Following $97m Hack

By Editors | 25/08/2021

Liquid has been tracing the movement of the stolen assets and working with other exchanges to freeze and recover the funds.

Data Privacy

BSP to Roll Out Unified Data Standards for FIs by Year-End

By Ranamita Chakraborty | 25/08/2021

The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.

Structural Regulation

China Suspends Over 40 IPOs Amid CSRC Regulatory Probe

By Sanday Chongo Kabange | 25/08/2021

The CSRC is investigating a broker, a law firm, an asset appraisal firm, and accounting firm over their alleged involvement in share sales.

Fraud, Scams & Cybercrime

Singapore Police Charges Ex-UOB Banker Over Data Disclosure

By Editors | 25/08/2021

The ex-UOB employee accessed customer data from banking systems and disclosed the information to a scammer purporting to represent the Shanghai Police.