All posts tagged "Data Privacy"
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343Fintech / RegtechRBI Issues Enabling Framework for Regulatory Sandbox
The RBI has set a minimum net worth criteria of $35,000 for sandbox participants, half the amount specified in April’s draft.
August 14, 2019 -
268AML / KYCMAS Targets Market Abuse with Proposed New Requirements
Capital market licensees will have to record all client communications and capture their mobile device IDs. Foreign intermediaries will have to provide UBO information on request.
August 6, 2019 -
388Australia & NZNAB Notifies 13,000 Customers of Data Breach
Australia's fourth largest bank says the personal data uploaded to servers without authorisation was not copied or further disclosed, and has since been deleted.
July 29, 2019 -
459Fintech / RegtechCCP12 Publishes Best Practices to Address Outsourcing Risk
As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.
July 26, 2019 -
1.9KAML / KYCFacebook’s Libra – An Enabler of Money Laundering?
Regulators need to get up to speed with Facebook’s stablecoin technology so they can assess how it mitigates money laundering risks and where its weaknesses lie, says ComplyAdvantage CEO Charles Delingpole.
June 27, 2019 -
727Big PictureRegulatory Coordination Needed to Mitigate BigTech Risks: BIS
An element of risk is BigTechs' access to data from existing social media, search engines and ecommerce platforms, which raises competition and data privacy issues.
June 25, 2019 -
967AML / KYCFATF Adopts Global AML/CTF Standards for Crypto Activity
The FATF has established binding obligations for countries and virtual asset service providers to comply with AML/CTF standards to prevent the misuse of virtual assets.
June 24, 2019 -
611Asia-PacificPhilippines: Online Lenders to Adopt Code of Conduct
The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.
June 8, 2019 -
1.1KAML / KYCFinancial Crime on the Rise in APAC
Almost three-quarters of Asia Pacific organisations have been victims of financial crime in the past year, according to recently published survey results by Refinitiv.
May 31, 2019 -
2.4KFeatureHKMA Urges ‘Data Ethics’ in FinTech Development
The HKMA encourages authorised institutions to adopt the PCPD's Ethical Accountability Framework in the development of fintech products and services.
May 6, 2019
