The missing records include information such as clients' names and bank account numbers, which are supposed to be retained for 10 years.
May 25, 2021MAS seeks comment on four notices, which contain requirements on record-keeping, internal policies, and the provision of records to MAS upon request.
May 13, 2021The central database will serve as an early warning tool to enable competent authorities to act before ML/TF risks crystalise and faciltiate inspections and monitoring.
May 12, 2021The latest revisions will impose stricter requirements on internet platforms and restrict Chinese firms from handing data to foreign agencies.
May 3, 2021Thirteen tech firms including Tencent, ByteDance and Baidu’s fintech arm are directed to correct regulatory violations in their financial services businesses.
May 2, 2021The platform allows consumers to use personal data stored by government agencies to facilitate their access to financial services.
April 21, 2021Ant Group will have to accept greater regulatory supervision, improve its corporate governance, and separate some of its businesses.
April 13, 2021Line must submit detailed reports to Japanese authorities explaining how it protects personal data, after employees at a China affiliate were found to have access to user information.
March 25, 2021Tens of thousands of organisations in Asia, Europe and the US were targeted in a campaign that exploited vulnerabilities in different versions of Microsoft’s mail server software.
March 10, 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, 2021