All posts tagged "Virtual Banks"
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749AML / KYCHK Police Arrest 17 for Using Virtual Banks to Launder Money
The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.
May 17, 2022 -
556FeatureHKMA to Develop Additional Safeguards for Bank Customers
A fresh review of the Banking Code of Practice has been launched, covering information disclosure, customers’ finance management, and dispute handling.
April 20, 2022 -
376Asia-PacificBangladesh Bank Commences Work on Digital Bank Framework
The new regulatory guidelines will require digital banks to hold the same levels of capital as conventional banks.
April 12, 2022 -
522Fintech / RegtechKorea FSS Commences Inspections of Internet-only Banks
The FSS is set to conduct 779 regular or occasional inspections on financial firms throughout this year.
April 7, 2022 -
314ThailandBOT Pushes for Fair, Transparent Pricing of Financial Products
The BOT has issued guidelines on how firms should charge interest, service fees and penalties for financial products and services.
April 6, 2022 -
499Crypto / Digital AssetsBOT Offers Update on Transition to Sustainable Digital Economy
The BOT will publish a virtual bank licensing framework by Q2 2022, and directions on its open banking policy in Q3 2022.
March 30, 2022 -
1.0KCrypto / Digital Assets
BOT Sets Out Plans for ‘New Financial Landscape’
The BOT will introduce virtual bank licences, relax fintech investment limits for banks, promote open data, and establish TCFD aligned disclosure standards.
February 7, 2022 -
1.3KBig PictureVirtual Banking and Consent-based Data Governance
New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022 -
2.5KCrypto / Digital AssetsRegulation Asia: Top 20 News Stories for 2021
This list presents the most-read new stories published by Regulation Asia in 2020, based on aggregated user traffic analytics.
December 23, 2021 -
1.3KAML / KYCHKMA Targets Effectiveness in Addressing AML, Fraud risk
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021
