PPF providers are a type of stored value facility provider. The proposed changes are part of a broader review of APS 610.
November 17, 2022The new platform will enable SMEs to get cheaper bank loans, and enable banks to access the information they need to assess creditworthiness.
October 25, 2022Dubbed 'Scameter', the search engine allows members of the public to check information such as bank account numbers and email addresses for previous links to scams.
October 7, 2022The 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, 2022New practice note offers guidance on governance, outsourcing, internal controls, technology risk, and business conduct, among other areas.
March 28, 2022The case involved control deficiencies in respect of 33 Financial Services Limited's transaction monitoring and name screening systems, the HKMA said.
January 17, 2022SVF licensee ePaylinks had deficiencies in its transaction monitoring and name screening systems, and failed to take enhanced measures in high risk situations.
December 21, 2021The HKMA flagged issues related to risk assessments, business partner arrangements, customer risk assessments, and transaction monitoring.
September 28, 2021Amendments due to take effect from 1 July will enable users of e-payment services and stored-value facilities to transfer money across platforms.
May 28, 2021Access to Australia's real-time payments system will enable TransferWise to reduce foreign exchange fees and wholesale banking costs.
December 1, 2020