Fraud, Scams & Cybercrime

BCBS Publishes Discussion Paper on Digital Fraud and Banking

16/11/2023

The BCBS is seeking comments and feedback from stakeholders beyond the banking sector to better understand the status of digital fraud as well as its mitigants.

Sustainable Finance

MAS, Temasek Trust Partner to Drive Fintech and Impact Investment

16/11/2023

MAS and Temasek Trust will explore the creation of a technology framework to facilitate collaborations between open technology-based platforms.

Cryptocurrency

NYDFS Finalises Enhanced Requirements for Crypto Token Listings

16/11/2023

New guidance enhances the risk assessment standards in coin-listing policies and requires licensees to also develop coin-delisting policies.

Anti-Money Laundering

Taiwan Crypto Exchange Caught in Money Laundering Probe

16/11/2023

Crypto exchange Bitgin is under investigation and its chief operating officer has been arrested for his alleged ties to a money laundering network.

Liquidity Risk

PBOC Injects Liquidity into Banking System, More Expected for Property

16/11/2023

The PBOC is planning to provide at least CNY 1 trillion of low-cost financing to banks for urban village renovation and affordable housing programmes.

KYC & CDD

Fenergo Awarded Best KYC, CDD & Onboarding Solution

16/11/2023

Fenergo was recognised for Fenergo KYC, which judges said was “comprehensive, highly configurable, and can be easily integrated into existing workflows”.

KYC & CDD

Fenergo Awarded Best Client Lifecycle Management Solution 

16/11/2023

Fenergo was recognised for its SaaS platform that enables financial institutions to digitally manage the end-to-end client onboarding and lifecycle experience.

Tokenisation

MAS Launches New Tokenisation Initiatives Under Project Guardian

16/11/2023

Five new industry pilots have been initiated. A new funds workstream and new digital infrastructure initiatives being launched.

Structural Regulation

China: NFRA, CSRC Publish New Details on Scope of Responsibilities

16/11/2023

The NFRA was established in May as a new body to oversee all sectors of the financial industry, except securities, though it is absorbing investor protection responsibilities from the CSRC.