The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.
June 22, 2022Kanv Pandit highlights the need for a 'metacode of conduct' to protect metaverse users from loss and fraud until regulation catches up.
June 14, 2022KGI Bank was fined after one employee misappropriated customer funds and another improperly executed customer transactions.
May 11, 2022The new rules were meant to take effect on 1 March, but implementation has been suspended "due to technical reasons".
February 22, 2022MAS identifies good industry practices used to guard against fraud, impersonation, and document tampering in a non-face-to-face setting.
February 15, 2022The PBOC has responded to concerns about incoming rules that will require banks to perform extra due diligence for deposits and withdrawals exceeding CNY 50,000.
February 14, 2022The vLEI Ecosystem Governance Framework is part of an initiative to ensure that every legal entity has a digital identity that can be trusted and easily verified.
February 9, 2022'Digital Identity Authentication and Authorisation' was selected as the theme for the sandbox, to promote more convenient and secure access to financial services.
January 24, 2022Banks may not refuse to open accounts for small and micro enterprises on the grounds that they have few staff or insufficient bank deposits.
January 6, 2022The FSC is increasing the transfer limits for digital deposit accounts opened at bank teller counters to enhance customer convenience.
November 25, 2021