The guidance says money remittance services, banks, DPT service providers, precious stone and metals dealers, and non-profit organisations are vulnerable to TF threats.
May 29, 2023ASIC said AMP charged insurance premiums and advice fees to more than 2,000 customers despite being notified that they were deceased.
May 22, 2023FSC chairman Kim Joo-hyun asked FIs to actively invest in and use AI to strengthen the global competitiveness of Korea's financial industry.
May 19, 2023REITs could be allowed under Stock Connect, structured in a corporate (rather than trust) form, and add a renminbi counter for trading.
May 17, 2023In the years leading up to SVB's failure, DPFI identified deficiencies at the bank, but "did not take adequate steps" to ensure they were resolved quickly.
May 14, 2023CFA Institute's Siva Ramachandran and Phoebe Chan examine the ethical aspects of using AI tools in investment management.
May 6, 2023A new disruption on 5 May prevented users from accessing digital banking, mobile wallet, brokerage, and ATM services.
May 5, 2023RBI approval is not required for IT outsourcing arrangements, but they should be subject to on-site or off-site monitoring and inspection by regulators.
April 12, 2023The guidance covers operational risk management, remote booking risk management, and data risk management, based on a thematic review.
April 4, 2023Wells Fargo's predecessor, Wachovia, provided software that was used by a foreign bank to process USD 532 million in prohibited transactions.
April 3, 2023