LATEST NEWS

Telekom Malaysia Suffers Data Breach, Over 250,000 Users Affected

By Sanday Chongo Kabange | 04/01/2023

The government has instructed Malaysia’s NC4 and JPDP to investigate the breach and take necessary action. Maybank has also launched its own investigation into the breach.

ESG / Sustainability

Taiwan Central Bank Unveils Plans for Addressing Climate Change

By Editors | 04/01/2023

The central bank will incorporate weather factors in economic forecast models, use monetary policy to promote sustainable finance, and invest in green bonds.

Crypto / Digital Assets

Korean Court Jails Former Crypto Execs for Running Ponzi Scheme

By Editors | 04/01/2023

Crypto exchange V Global promised to triple investments in six months, then used funds from new members to make payouts to existing members.

Japan Insurance Gap to Limit LNG Flow from Russia

By Sanday Chongo Kabange | 04/01/2023

Following talks with reinsurers, Japanese insurers can continue offering marine war insurance to LNG carriers in Russian waters until March.

Securities / Derivatives

CSRC Proposes New Position Management Rules for Futures Market

By Editors | 04/01/2023

The proposed rules empower futures exchanges to impose position limits and reporting requirements on market participants. Position limit exemptions may be granted for hedging activities.

AML / KYC

HKMA to Scale Up AML Efforts in 2023: Carmen Chu

By Bradley Maclean | 04/01/2023

Executive Director Carmen Chu discusses the actions the HKMA is taking to disrupt AML threats to Hong Kong, and technology initiatives that are making a difference.

AML / KYC

Dutch Banks Start Charging Customers for AML Checks

By Editors | 04/01/2023

Companies, associations, charities and churches, among others, are being charged a monthly levy to cover the rising cost of AML checks.

CBIRC Issues New Consumer Protection Rules for Banks, Insurers

By Editors | 04/01/2023

Banks and insurers must incorporate consumer protection mechanisms into their corporate governance, culture-building exercises, and business development strategies.

AML / KYC

Anti Fraud: Korea Launches Bulk Account Suspension Service

By Editors | 04/01/2023

The new service allows financial consumers to suspend payments from all of their accounts at banks and non-banks at once.