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AML / KYC
UK FCA Calls on Firms to Improve Use of National Fraud Database
By Mark Johnston | 25/01/2025
FCA review found that some firms underutilise the NFD and don’t always report cases that meet the standard of proof required.

Crypto / Digital Assets
FSB Publishes Work Programme for the Year Ahead
By Manesh Samtani | 25/01/2025
The work programme highlights digitalisation, climate change, and the shifting macroeconomic environment as key priorities
Fintech / Regtech
UK FCA Outlines Next Steps to Expand Open Banking
By Thisanka Siripala | 24/01/2025
An independent central operator will be established to coordinate how variable recurring payments are made, potentially lowering processing fees

AML / KYC
HKMA Publishes Banking Sector Priorities for 2025
By Sanday Chongo Kabange | 24/01/2025
The HKMA’s 2025 workplan includes measures to safeguard the banking sector from financial crime, credit risk and cyber risk.

Fintech / Regtech
PBOC Adjusts Rules to Improve Security of Credit Information
By Editors | 23/01/2025
The updates focus on managing how credit information is accessed, ensuring compliance, and enhancing security.

AML / KYC
BSP Revises IT Risk Management Rules to Align with New Anti-Scams Law
By Sanday Chongo Kabange | 23/01/2025
The BSP said BSFIs must comply with the new regulations by 30 June 2025 and that a shared accountability framework will be adopted.

Fintech / Regtech
ASEAN Releases Expanded Guide to Address Generative AI Risks
By Thisanka Siripala | 23/01/2025
The guide provides recommendations around shared AI accountability, data management, incident reporting, and regional collaboration on AI safety.

Fintech / Regtech
RBI Directs FIs to Implement Safeguards Against Fraud
By Nithya Subramanian | 22/01/2025
The RBI asked banks and other financial institutions to strengthen safeguards against fraud involving mobile numbers

Fintech / Regtech
China Releases Reports on US Cyberattacks on Two Major Entities
By Thisanka Siripala | 21/01/2025
The targeted entities included an advanced materials research institute, and a large technology firm in the smart energy and digital information industry.

Fintech / Regtech
Korea FSS Issues Guidance on Financial Reporting in XBRL Format
By Editors | 21/01/2025
The FSS is progressively expanding the use of XBRL for financial reporting but has identified some deficiencies in XBRL submissions
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