24 of the 63 crypto exchanges operating in Korea have not yet applied for ISMS certification, a KoFIU registration requirement that takes months to obtain.
August 27, 2021The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.
August 25, 2021Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021HoSE has commenced connection trials with securities firms and intends to start functional trials from 26 July.
June 18, 2021The SFC is on the lookout for funds with outsized and concentrated bets to prevent an Archegos-type event in Hong Kong.
June 8, 2021Phase 3 and 4 API functions will be implemented progressively by 28 participating banks starting from December 2021, the HKMA says.
May 14, 2021Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.
April 23, 2021Legislation currently before Parliament includes security obligations for entities responsible for critical infrastructure, a list that will be significantly expanded.
March 18, 2021The new STR filing system and the screening and analysis process have been made more efficient, while guaranteeing better system security and stability.
March 9, 2021Cathay Securities, Concord Securities and SinoPac Securities were fined the most and barred from certain business and capital raising activities for three months.
March 5, 2021