ABS highlighted banks' efforts to improve complaints handling, tackle digital scams, and enhance accountability, conduct and culture.
April 26, 2022The individual worked with other youths to provide overseas syndicates control of bank accounts that were used to receive and dissipate funds obtained through scams.
April 21, 2022All domestic and foreign banks are asked to integrate APIs in their workflows for reporting financial statements from January 2023.
March 23, 2022The US Treasury and other agencies are directed to submit a series of reports within six months recommending a policy approach for digital assets.
March 10, 2022OCBC’s goodwill payouts to fully cover customer losses were a one-off gesture, and they "do not set a general precedent for future cases", MAS said.
February 4, 2022In phase two, BOK will test offline payments, remittances to accounts outside Korea, and the use of its CBDC as payment for NFTs.
January 27, 2022'Digital Identity Authentication and Authorisation' was selected as the theme for the sandbox, to promote more convenient and secure access to financial services.
January 24, 2022The initiative fosters continuous collaboration and information sharing between financial institutions and critical network infrastructure and services providers.
January 21, 2022The plan includes measures to strengthen fintech governance, enhance data capabilities, and establish a new 'green' data centre.
January 7, 2022The draft rules cover governance arrangements, operational requirements, risk management and internal controls, and IT requirements.
January 3, 2022