LATEST NEWS

    image

    Fintech / Regtech

    RBI Removes Ban on Lending Products by Bajaj Finance

    By Ajoy K Das | 02/05/2024

    The RBI had directed Bajaj Finance, one of India’s largest consumer lenders, to stop disbursing loans under two lending products in November.

    image

    Crypto / Digital Assets

    Capital Markets Regulators Committed to Innovating With Tokenisation

    By Nithya Subramanian | 02/05/2024

    The UK FCA’s Rupert Harrison and Thai SEC’s Kris Tontipiromya discussed their tokenisation work at the recent Digital Assets Asia 2024.

    image

    AML / KYC

    HKMA Outlines Key Priorities, Green Ambitions for 2024 and Beyond

    By Sanday Chongo Kabange | 02/05/2024

    The HKMA has outlined its priorities for 2024 and beyond in its latest annual report and its 2023 sustainability report.

    image

    Enforcement

    Hong Kong ICAC Charges MPF Intermediary with Fraud

    By Sanday Chongo Kabange | 02/05/2024

    A former insurance agent of FWD Life allegedly conspired with four clients to apply for early withdrawal of their MPF using false documents.

    image

    AML / KYC

    Taiwan FSC Calls for Enhanced Controls to Prevent Card Fraud

    By Mark Johnston | 02/05/2024

    FIs are asked to lower the notification threshold for online credit card transactions and to improve their OTP practices.

    image

    Enforcement

    MAS Ends Six-Month Pause on Non-Essential Activities at DBS

    By Nithya Subramanian | 02/05/2024

    MAS will retain the additional capital requirement and “closely monitor” DBS Bank’s progress on the remaining deliverables.

    image

    Fintech / Regtech

    BIS to Develop AI Solution for Assessing Cyber Resilience

    By Editors | 02/05/2024

    The solution will be able to collect and analyse data to assess the cyber security and resilience maturity of a country’s financial sector.

    image

    Capital / Liquidity

    Redomiciling VCC Funds to Singapore Can Be ‘Daunting’

    By Nithya Subramanian | 02/05/2024

    Besides navigating a complex maze of regulatory, tax and operational hurdles, the spectre of asset illiquidity during transition looms large.

    image

    AML / KYC

    Australia Opens 2nd Consultation on ‘Tranche 2’ AML Reforms

    By Manesh Samtani | 02/05/2024

    The proposed reforms will extend the AML/CTF regime to cover Tranche 2 entities and a broader range of digital currency-related services.

    image

    Sanctions

    US Sanctions Over 280 Targets for Supporting Russia

    By Editors | 01/05/2024

    The targets include companies in Azerbaijan, Belgium, China, Hong Kong, Russia, Slovakia, Turkey, the UAE, and Russia.

    JOIN OUR NEWSLETTER

    A daily selection of top stories from the Regulation Asia editorial team