Fintech / Regtech

AML / KYC

AMLC Philippines Launches Review of Sanctions Screening Practices

By Editors | 26/04/2022

The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.

Fintech / Regtech

BIS, Bank Indonesia Invite Firms to Solve CBDC Challenges

By Editors | 26/04/2022

Firms are invited to develop new solutions for issuing and distributing CBDCs, improve interoperability and advance financial inclusion.

AML / KYC

FCA Directs Challenger Banks to Bolster FCC Controls

By Editors | 26/04/2022

The FCA said it found weaknesses relating to customer due diligence, risk assessment, management of transaction monitoring alerts, and SAR quality.

AML / KYC

Philippine Banks Directed to Monitor Gaming-related Transactions

By Editors | 25/04/2022

FIs are asked to bolster their CDD and file reports when suspicious transactions are observed involving play-to-earn games such as the recently-hacked Axie Infinity.

AML / KYC

European Crypto Firms Push Back Against Proposed Regulations

By Editors | 24/04/2022

Crypto firms say requiring them to disclose transaction details and wallet addresses will undermine the privacy and safety of digital asset owners.

Fintech / Regtech

Russia Finalises Bill to Give Crypto Legal Tender Status

By Sanday Chongo Kabange | 23/04/2022

The February version of the bill proposed to only allow crypto to be used as an investment vehicle. A digital ruble will be ready next year.

Fintech / Regtech

APRA Outlines Expectations on Managing Crypto-Asset Risks

By Ranamita Chakraborty | 22/04/2022

Regulated entities looking to launch crypto-asset-related operations should consult their supervisor first. A longer-term prudential framework is being developed.

Capital / Liquidity

Korea FTC Considers Stricter Regulations for Upbit, Bithumb

By Editors | 21/04/2022

Korean companies categorised as “large businesses” are placed under close monitoring and must disclose information on major intracompany dealings, board decisions and shareholders.

Crypto / Digital Assets

Asset Managers Should Put Customers at Heart: SGX

By Manesh Samtani | 21/04/2022

At the IMAS Digital Summit 2022, SGX CEO Loh Boon Chye discussed the exchange’s approach to digital assets and technology adoption.