The government said the bill strikes "the right balance between achieving fast and convenient identity verification and maintaining strong standards of privacy and security.
September 18, 2023The report suggests new requirements could be introduced for DLT platforms, covering areas from KYC and AML compliance to BCPs and cyber risk assessments.
August 26, 2023CD tokens are based on the existing banking system and do not require a change in the role of central banks, unlike stablecoins.
July 25, 2023Banks have stopped sending links via SMS, email, and social media. Mobile banking users are also restricted to using just one device.
July 14, 2023Common areas of non-compliance were identified from a review of 60 law firms, accounting practices and real estate agents.
June 7, 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, 2023Treasury calls on the private sector to use the risk assessment to inform their risk mitigation strategies, and offers recommendations on government action.
April 8, 2023Indian crypto firms are now formally required to perform KYC due diligence, verify client identities, monitor transactions, and report suspicious activities.
March 10, 2023NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia's open banking implementations.
February 26, 2023BNM encourages the use of e-KYC solutions that leverage AI, machine learning or other forms of predictive algorithms to ensure accurate identification and verification.
February 24, 2023