AI, Technology & Data

Anti-Money Laundering

HKMA to Enhance AML/CFT Supervision Through Data & Tech

By Manesh Samtani | 29/09/2020

The HKMA intends to increase its engagement and data collection, make better use of data, and utilise suptech tools to enhance its AML/CFT supervision.

Liquidity Risk

RegTech Asia 2020: Liquidity Risk During a Crisis

By Editors | 29/09/2020

How has Covid-19 impacted liquidity risk management at banks, and how they can better prepare for future market volatility and ongoing credit demands?

KYC & CDD

GLEIF Defines New Framework to Simplify, Accelerate LEI Issuance

By Manesh Samtani | 29/09/2020

Many of the labor intensive and time-consuming procedures performed to obtain an LEI are the same as those performed by the FI during onboarding.

AI Risk & Governance

RegTech Asia 2020: Trends, Review and Outlook

By Editors | 28/09/2020

How has the regtech industry has weathered the Covid-19 storm and provided support to global initiatives designed to keep our economies moving?

Payments & Settlements

PayNow Banks Raise Default Limit for Ad-hoc Transactions

By Editors | 28/09/2020

Customers can enjoy the convenience of making higher value transfers without adding the recipient as a payee, ABS said in a statement.

Cryptocurrency

EU Unveils Digital Finance Strategy, Crypto-asset Framework

By Manesh Samtani | 27/09/2020

The package consists of a digital finance strategy, a retail payments strategy, and legislative proposals for regulating the crypto-asset sector.

Anti-Bribery & Corruption

Former Citic Bank Exec Sentenced to 15 Years’ Jail for Bribery

By Editors | 26/09/2020

The conviction is said to be linked to a criminal case involving the head of a Citic Group asset management subsidiary.

Data Privacy

Thailand: BOT to Revamp Banks’ Reporting Requirements

By Editors | 26/09/2020

The reforms will reduce data processing steps for financial institutions and the costs associated with reporting, while increasing reporting efficiency.

Supervision & Enforcement

Korea, Thailand Sign MoU on Financial Services Regulation

By Sanday Chongo Kabange | 25/09/2020

The agreement will help enhance supervisory efficiency and promote innovation through experience sharing, technical assistance and exchange of information.