Assessments Due Diligence Technology Risk 
Fintech News
OCTOBER 8, 2024
Under this proposal, DTSPs must apply for a license, and MAS will assess various aspects of the applicant’s business model, financial sustainability, and adherence to international regulatory standards. Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.
Fintech News
JANUARY 24, 2024
The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring.
PYMNTS
JUNE 17, 2020
The bank stands accused of failing to assess money laundering and terrorism financing risks; regulators said record-keeping was faulty and the company failed to monitor customer due diligence on transactions that may have been tied to child exploitation and endangerment. There was no evidence of intentional wrongdoing.”.
Global Fintech & Digital Assets
NOVEMBER 7, 2023
They should take into account risks such as the experience and track record of the service provider, understand the technical aspects of the Tokenised Securities (e.g., They should also maintain appropriate policies to mitigate technology risks and not use public-permissionless blockchain networks without additional and proper controls.
The Payments Association
DECEMBER 9, 2024
As the FCA continues to assess firms’ operational resilience, it is vitally important that firms act now to modernise their infrastructure, implement comprehensive resilience plans, and demonstrate their ability to respond to and recover from disruptions without compromising critical services.
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