Four agencies reaffirmed their commitment to "vigorously enforce their collective authorities and to monitor the development and use of automated systems."
April 30, 2023The FTC plans to use existing authorities to pursue companies who misuse AI to violate laws against unfair and deceptive acts.
April 24, 2023Meta is said to be addressing scams "more efficiently" than Google, after Taiwan regulators asked both to remove misleading financial ads from their platforms.
April 24, 2023The FSS and FTC called on financial firms to prevent unfair contractual terms, pledging to ramp up oversight to better protect consumers.
February 22, 2023The FTC says Mastercard used its control over its “tokenisation” process to block the use of competing payment card networks.
January 4, 2023The SEC and CFTC are reportedly looking into whether Three Arrows misled investors and violated rules by not registering its business.
October 19, 2022A fire occurred at a data centre where Kakao operates 32,000 servers that support the vast majority of its mobile services.
October 19, 2022The FTC is investigating whether the security technology used by Visa and Mastercard raises the likelihood that payments over different networks will be rejected.
October 18, 2022The programme will seek to help MSMEs build financial literacy and digital skillsets, address financing gaps and improve financial inclusion.
June 15, 2022Korean companies categorised as "large businesses" are placed under close monitoring and must disclose information on major intracompany dealings, board decisions and shareholders.
April 22, 2022