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Banks must offer KYC update services at all branches and through video verification, while also enabling Business Correspondents to assist in the process. The Reserve Bank of India (RBI) has released a draft circular proposing that banks offer Know Your Customer (KYC) update facilities to reactivate dormant accounts. It said that the facilities should be […]

Scam centres fuel human trafficking and money laundering, experts warn, urging banks and crypto firms to enhance AML efforts. Banks, cryptocurrency exchanges and other AML reporting entities have a critical role to play in the fight against human trafficking through scam centres, delegates at Regulation Asia’s Fraud and Financial Crime conference in Singapore heard. Speaking

The FSS has provided an update on progress made by lenders to clean up non-performing real estate project financing loans. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select

The move is intended to prevent bank interest margins from shrinking further and encourage consumer spending and investment. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More Information

The HKTR system for ISO 20022 standard implementation will be opened one week early to facilitate industry preparation for the new OTC derivatives reporting regime. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified

Prime Minister James Marape told state agencies that no excuse will be tolerated for failure to implement AML/CTF reforms. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select More

Investigations revealed that 1MDB funds wound up in accounts at the bank opened by a UAE national using offshore companies. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation. Select

Prestariang SKIN settlement clears the way for Awantec’s growth focus Company expands into new enterprise AI, cybersecurity &  e-invoicing  AwanBiru Technology Berhad (Awantec) posted a profit after tax of US$237,000 (RM1 million) in Q3 FY2025, reversing a US$879,000 (RM3.7 million) loss in the previous quarter. In a statement, the company said its revenue rose to

CelcomDigi forum explores quantum computing risks and AI governance as regional privacy landscape evolves Country’s flexible approach contrasts with stricter regional policies while maintaining international compatibility Standing before more than 150 privacy, cybersecurity, and regulatory leaders from across Malaysia’s digital ecosystem, CelcomDigi Chief Corporate Officer Joachim Rajaram reflected on the monumental task ahead. “We have

AXA has become the first company to announced plans to use the new regime to re-domicile from Bermuda to Hong Kong. To continue reading… Sign in Password * Remember me Lost your password? Subscribe Subscribe to Regulation Asia to gain access to APAC’s leading platform for news, analysis, research and verified data on financial regulation.