The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.
June 22, 2022FATF will soon publish an update on travel rule implementation in the crypto industry, a report on collaborative analytics, and new guidance for the real estate sector.
June 20, 2022The data processing activities covered under the rules include online data collection, storage, use, processing, transmission, provision, and disclosure.
June 16, 2022MAS and SIF will work towards enabling data flows (including personal information) within financial groups, supported by free choice of location for data storage and processing.
May 25, 2022The law grants regulators enhanced powers to address fraud and consumer complaints in a more timely manner.
May 19, 2022Vice Premier Liu He suggested China will support the platform economy and improve its handling of relations with private companies.
May 19, 2022Thailand's banking, securities, insurance and data protection authorities have signed a supervisory cooperation MoU ahead of the 1 June implementation of the new PDPA.
May 9, 2022The SBV has warned of fraud incidents involving e-wallets and asks banks to monitor the use of data by fintechs until the new regulatory framework is in place.
April 17, 2022The FSC will prohibit MyData services providers from buying and selling consumer data, and start conducting post-licensing inspections to ensure adequate protections are in place.
April 15, 2022The consultation seeks views on the application of AML/CFT rules, privacy and data protection, and financial stability impacts, among other areas.
April 8, 2022