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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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