The new rules, which takes effect on 1 August, require mobile apps to force users to authenticate their identities.
June 22, 2022The breaches involved failures to verify the identities of users and merchants transacting on WeChat Pay, as well as the source of funds for those transactions.
March 16, 2022New rules effective from 1 March impose stricter requirements on beneficial owner identification and verification, including for non-bank financial firms.
January 27, 2022Singapore is taking a leap forward in how its financial services industry detects and combats financial crime, says Jamil Ahmed.
January 26, 2022The guidelines include national digital ID system PhilSys as an accepted method for verifying customer identities, subject to proper authentication.
October 3, 2021C4ADS says fraudulent ship registrations created with the IMO are being used to 'launder' the identity of vessels associated with illicit activities.
September 16, 2021In a new advisory, MAS highlights the key risks and control measures FIs should consider before adopting public cloud services.
June 4, 2021Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.
March 9, 2021Participants will be asked to develop and showcase solutions that improve cross-border payments, using the ISO 20022 standard and APIs.
February 22, 2021The HKAB updated its guidance for banks after the government said it would no longer recognise BN(O) passports as valid travel documents or forms of identity.
February 9, 2021