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MAS Seeks Feedback to Close Regulatory Gaps for Crypto Service Providers

Fintech News

The framework is designed to ensure compliance with international standards, particularly in relation to anti-money laundering (AML) and countering the financing of terrorism (CFT). The aim is to mitigate the risks associated with such businesses.

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Singapore Gets Tough on Offshore Crypto Operators as Time Runs Out

Fintech News

Effective 30 June 2025, the new Singapore DTSP licensing framework significantly tightens compliance expectations for Singapore-based and Singapore-incorporated entities providing digital token services. According to its updated Singapore DTSP licensing, applicants must also prove compliance in the jurisdictions where they operate.

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How to Create a GDPR-Compliant Password Policy?

VISTA InfoSec

It mandates strict compliance requirements for organizations that process personal data, regardless of their location. Non-compliance can result in hefty fines and damage to an organization’s reputation. HIPAA compliance: Regulations for protecting health information.

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Metrika Successfully Completes Proof-of-Concept on Evaluating Operational Risks in Digital Assets

Fintech Review

This PoC provided an opportunity to explore insights into technological risks associated with digital assets across multiple blockchains. The post Metrika Successfully Completes Proof-of-Concept on Evaluating Operational Risks in Digital Assets appeared first on Fintech Review.

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As AI Grows, So Do Its Challenges: Industry Reveals Technology’s Biggest Hurdles

The Fintech Times

. “Regulatory considerations are another factor, as fintechs would need to navigate complex compliance requirements while leveraging AI technologies. Rapid AI advancements also introduce technology risks, as financial firms must continuously invest in infrastructure to prevent obsolescence.

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Fixing Banks’ AML Achilles’ Heel — Before The Fraudsters Pounce

PYMNTS

According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. Westpac said it identified three drivers of compliance failures, ZDNet reported.

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Implementing AI Becomes Top-Two Priority for 31% of UK Executives Reveals Accenture

The Fintech Times

Of all the risk factors that have increased in the last two years, disruptive technologies were the second most significant for UK executives, only behind regulatory and compliance risks (33 per cent). Disruptive technology risk ranked fourth among global executives.

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