One lawmaker said the rules should be changed to make banks bear some responsibility for protecting customers from fraud while using their services.
June 14, 2022OCBC has to apply a 1.3x multiplier to its RWA for operational risk, which translates to additional regulatory capital of S$330mn.
May 27, 2022Chainabuse is backed by TRM Labs, Solana Foundation, Circle, OpenSea, Binance, The Aave Companies, CIVIC, and Hedera.
May 23, 2022A review of OCBC's anti-fraud systems and procedures concluded that the bank should take a more "integrated approach" to combat fraud and scams.
April 26, 2022Financial services businesses are asked to use the indicators in the guides in transaction monitoring to detect potential illicit activity and file SMRs.
April 21, 2022The CBIRC’s Beijing bureau warns that concepts such as the metaverse and blockchain are being used to defraud local college students.
March 24, 2022Boards, auditors, and regulators will demand that firms level up their incident response playbooks, tools, and platforms.
March 16, 2022The National Police Agency and financial institutions will jointly establish a new platform that will allow real-time information exchange for use in combatting fraud.
March 1, 2022New measures include expanding the use of biometric technology, strengthening fraud surveillance and detection algorithms, and enabling customers to trigger account freezes.
February 18, 2022NFT and metaverse-related risks, and crypto account hacks and thefts, were cited as top information security risks for the first time.
February 18, 2022