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Fraud, Scams & Cybercrime
UOB Customer Data Gets Leaked In Impersonation Scam
By Editors | 13/05/2021
Scammers obtained personal information of over 1,000 of UOB’s Chinese customers with Singapore accounts by deceiving a bank employee.
Anti-Money Laundering
EBA Consults on Proposals for Central AML/CFT Database
By Editors | 12/05/2021
The central database will serve as an early warning tool to enable competent authorities to act before ML/TF risks crystalise and faciltiate inspections and monitoring.
Cryptocurrency
Korean Lawmakers Push for Tougher Crypto Legislation
By Sanday Chongo Kabange | 11/05/2021
Lawmakers are pushing for tougher crypto legislation to protect crypto investors against unfair practices and price manipulation.
Operational Risk
FSC Taiwan to Order LINE Bank to Improve Operations
By Sanday Chongo Kabange | 11/05/2021
The FSC says LINE Bank’s report explaining its launch day system failure was not satisfactory. The regulator will ask the bank improves its operations.
Cloud & Infrastructure
Technology Skills in Short Supply in Financial Sector: Menon
By Ranamita Chakraborty | 11/05/2021
A mismatch between demand and supply means that Singapore will have to continue to depend on foreigners to fill growing vacancies for technology jobs.
AI Risk & Governance
Australia Set to Announce A$1.2bn Digital Economy Strategy
By Editors | 10/05/2021
The full strategy will be released on 11 May, and include investments in artificial intelligence, cyber security, the CDR rollout, and Australia’s digital identity system.
Sustainable Finance
BIS Innovation Hub, Bank of Italy Launch G20 TechSprint
By Editors | 08/05/2021
Private firms are invited to develop technological solutions to address operational problems in green and sustainable finance.
AI Risk & Governance
SGX RegCo Deploys AI & Machine Learning to Detect Risk
By Editors | 06/05/2021
SGX RegCo is adapting information from companies’ disclosures into structured data that can be more quickly analysed.
Sustainable Finance
MAS Launches FinTech Hackcelerator Focused on Green Finance
By Editors | 06/05/2021
Fintech firms and solution providers are invited to submit innovative solutions to address any of 52 problem statements related to green finance.
Data Privacy
Australia Considers Making CDR Data More Portable
By Editors | 06/05/2021
Under draft rules, accredited businesses would be able to share CDR data with their agents, or sponsor other parties to become accredited.
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