Korean crypto exchange will need to set aside reserves worth $2.3mn, or 30 percent of their daily average deposits, whichever is greater.
August 29, 2023Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.
June 21, 2023The draft guidelines are intended to help non-bank payment system operators mitigate emerging cyber security risks.
June 6, 2023Regulations could be introduced to require FIs to take financial inclusion into consideration in the design of their AML/CFT programmes.
April 26, 2023The PhilSys national digital ID system is acceptable for e-KYC, provided it is supported by "robust technology, adequate governance, processes, and procedures".
April 8, 2023The ABS Culture and Conduct Steering Group will seek to further build trust by strengthening digital banking security and highlighting banking practices that may compromise consumers.
February 14, 2023E-money issuers with more than 500,000 active users are subject to stricter governance, business continuity management and technology risk management requirements.
January 4, 2023More than 80 percent of banks have already implemented a 24/7 dedicated complaint hotline for customers to report incidents or suspicions of fraud.
December 16, 2022Financial institutions are directed to adopt "robust and layered" security controls and industry best practices to reinforce email security.
October 15, 2022Malaysian banks will migrate SMS OTP to a more secure form of authentication, and further tighten detection rules and triggers to block scam-related transactions.
September 28, 2022