Payments & Settlements

    Reporting on regulatory developments, innovations, and risks in payment systems and settlement processes essential for the transfer of money and securities.

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    Fraud, Scams & Cybercrime

    Singapore Probes Payment Delays at E-Commerce Platform

    By Nithya Subramanian | 16/09/2024

    After Qoo10 failed to pay merchants in South Korea, there are reports of payment delays also affecting small vendors in Singapore.

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    Cloud & Infrastructure

    Singapore Launches e-Apostille Service for Document Authentication

    By Nithya Subramanian | 13/09/2024

    From 2025,  documents issued by ACRA can be authenticated online, reducing the processing time and the need for physical submissions.

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    Structural Regulation

    US Advances Bill That Could Force Closure of Hong Kong Trade Offices

    By Editors | 13/09/2024

    The Hong Kong government called the House bill a “politically driven” attack that violates international law and interferes with the city’s internal affairs.

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    Payments & Settlements

    Japanese Megabanks to Stop Issuing Paper Bills and Cheques

    By Thisanka Siripala | 13/09/2024

    Sumitomo Mitsui will discontinue paper bills and cheques altogether in September 2025. MUFG and Mizuho Bank are expected to follow suit.

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    Payments & Settlements

    Japan Backs FSB Plan to Streamline Cross-border Payments

    By Thisanka Siripala | 12/09/2024

    However, the Japanese Bankers Association is calling for incentives to help boost the adoption of LEIs, which are currently costly and complex to implement.

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    Fraud, Scams & Cybercrime

    UK FCA to Update Guidance on Addressing Suspicious Payments

    By Manesh Samtani | 12/09/2024

    The updated guidance aims to support a new policy that will enable PSPs to delay payments when fraud or dishonesty is suspected.

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    Structural Regulation

    India to Require Pre-Approval for Mergers Involving Foreign Firms

    By Ajoy K Das | 10/09/2024

    The RBI’s approval will be required for merger and amalgamation deals involving foreign companies starting 17 September.

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    Stablecoins

    Japan’s Megabanks to Pilot Blockchain Cross-Border Payments System

    By Thisanka Siripala | 10/09/2024

    The Japanese megabanks will start piloting stablecoins to simplify the cross-border payments process. The new system is expected to go live in 2025.

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    PEPs & Sanctions

    Moldovan Banks Stop Accepting Money Transfers from Russia

    By Editors | 10/09/2024

    The four remaining Moldovan banks that were still accepting transfers via Russia’s Zolotaya Korona system have stopped doing so.

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    Anti-Money Laundering

    Singapore Arrests 14 for Offering Unlicensed Payment Services in Casinos

    By Nithya Subramanian | 09/09/2024

    Police seized over SGD 190,000 in casino chips and cash during a multi-agency enforcement operation at the Marina Bay Sands Casino.

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