A regulatory regime for OTC crypto exchange shops is currently being considered by authorities, according to Commissioner Louise Ho.
October 23, 2023Banks are directed to comply with new guidance by end June 2023. For enhancements that require system changes, banks should comply within six months.
June 21, 2023The most prominent ML threats to banks come from fraud, corruption and tax crimes. The main ML threats to the crypto sector relate to fraud and theft.
July 12, 2022The UK scrapped a proposal to require both fiat currency and cryptoasset transfers to be considered when calculating the de minimis threshold, which has been set at EUR 1,000.
June 21, 2022FinCEN is meanwhile taking steps to boost cooperation with the FIUs of Australia, Canada, France, Germany, Italy, Japan, New Zealand, the UK , and the Netherlands.
March 17, 2022Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.
March 16, 2022CFI 2.0 streamlines the cyber resilience assessment process, incorporates international practices on incident response and recovery, and facilitates the development of the local talent pool.
November 4, 2020The launch comes as cyber criminals look to leverage the uncertainty and panic around Covid-19 for financial fraud, scams, and other malicious activity.
May 13, 2020Supported by the MAS and Singapore's major banks, the project seeks to help wealth managers address money laundering risks with new AI and machine learning capabilities.
August 22, 2019Regulators discussed collaboration on market surveillance, intelligence sharing, coordinated investigations, and the establishment of a notification mechanism for cases involving dual listed shares and cross-boundary market misconduct.
June 14, 2018