The new regulatory framework will guide banks and other financial institutions on how they use and handle electronic information that they collect from customers.
February 23, 2021New draft rules are aimed at deepening trust and confidence in digital identities through the adoption of common standards to safeguard personal data and privacy.
February 16, 2021Incoming Treasury Secretary Janet Yellen thanked Congress for passing the AMLA, widely considered to be the most significant overhaul of AML legislation in the US since 2001.
January 25, 2021The central hub allows cyber and information security risk management professionals to collaborate, exchange ideas and learn from each other’s practices.
January 13, 2021Regulated entities will have to create a separate Information Security Group and appoint a Chief Information Security Officer.
December 21, 2020The upgraded AML system has increased KoFIU's processing capacity by about five times, helping it address an increasing number of suspicious transaction reports it receives.
December 18, 2020Taiwan's new digital-only banks should offer innovative products and services instead of resorting to pricing competitions to attract clients, says FSC Chairman Thomas Huang.
December 17, 2020Starting next year, APRA will be asking boards to engage an external auditor to comprehensively review their compliance with CPS 234 on information security.
November 27, 2020The rules require brokerage firms to guarantee technical and data security when using third-party platforms to conduct securities business activities.
August 19, 2020The FSC will require big financial firms to be able to restore operations within four hours after a disaster (possibly less for securities firms), among other measures.
August 11, 2020