HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in...
Month: July 2021
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for...
The FSA’s Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for...
Capital requirements should be enhanced when institutions are exposed to sectors detrimental to the environment, says a new WWF report. ...
Criminals made $350mn in 2020 from ransomware payments, representing an increase of 311% in one year. INTERPOL Secretary General Jürgen...
A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on...
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled...
The amendments aim to facilitate the aggregation of OTC derivatives data through standardisation and harmonisation of data elements by incorporating...
At the HKMA’s flagship regtech conference, Eddie Yue outlined the initiatives underway to promote regtech adoption, including to explore a...
