All posts tagged "FTC"
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104EnforcementKorea: Police Raid Crypto Exchange, Freeze $214m in Assets
Crypto exchange V Global is alleged to have engaged in an illegal multi-level marketing scheme to lure investors.
May 9, 2021 -
292AML / KYCFSS Korea Mulls New Crypto Rules to Counter ‘Kimchi Premium’
The plan is a response to growing suspicions that investors are purchasing bitcoin from overseas exchanges with the intent of selling them in Korea at a premium.
April 21, 2021 -
288TaiwanTaiwan Sees First Merger of Financial Holding Companies
Taipei Fubon Commercial Bank will be integrated with Jih Sun International Bank, and Fubon Securities with Jih Sun Securities.
March 26, 2021 -
379FeatureJapan Close to Decision on Lower Interbank Transfer Fees
Interbank transfer fees have remained the same for over 40 years. A reduction in interbank EFT fees may be implemented as soon as October.
March 6, 2021 -
2.0KContributed ArticleOpening the Zengin System Could Reshape Japan’s Payments Landscape
Nomura Research Institute’s Ryoji Kashiwagi discusses competition concerns raised by Japan’s Fair Trade Commission, and their implications for the country’s payments landscape.
August 12, 2020 -
902EuropeSingapore Regulator Raises Concerns Over LSEG-Refinitiv Deal
Singapore's competition regulator has concerns about whether Refinitiv’s widely used WM/Reuters FX benchmarks would be offered to rival providers at fair and reasonable terms.
July 7, 2020 -
1.4KAML / KYCS. Korea Approves Use of Biometrics for Digital Identification
Korea's Fair Trade Commission has revised bank transaction law to allow the use of biometrics for identification in bank teller transactions.
July 6, 2020 -
620Fintech / RegtechJapan Probes Barriers Preventing Fintechs Access to Zengin System
Japan's antitrust agency is looking into how banks decide fees for using the national interbank funds transfer system and whether they present an entry barrier for fintechs.
December 9, 2019 -
852Fintech / RegtechFirst Non-Financial Firm Approved to Raise Stake in Korean Digital Bank
According to the FSC, messenger app operator Kakao has met the qualification criteria for owning a 34% stake in Kakao Bank, one of Korea's two internet-only banks.
July 25, 2019 -
653EnforcementEquifax to Pay Up to $700m to US Authorities for 2017 Data Breach
The penalty amounts allocated to the consumer compensation fund represent less than 3 US dollars for each of the estimated 147 million consumers who had their data stolen in 2017.
July 24, 2019
