| Asia | Publications
NEWSLETTER: Hong Kong is still leading the charge on digital assets, with the SFC continuing to remind licensed corporations of the implications of generative AI.
Since the circular issued at the end of last year, the regulator has been advising firms to adapt their governance frameworks to consider all relevant risk factors. It’s worth keeping a close eye on the developing cybersecurity risks associated, given the fast-evolving nature of AI technology.
The MAS has also been busy, issuing a consultation paper to clarify and amend parts of its AML / CFT rules. With changes expected to take effect from 30 June this year, all firms in scope are urged to review their policies and procedures to ensure they remain compliant.
The Singapore regulator also published its enforcement report this month. The document sets out the enforcement actions taken by the MAS since December 2023 regarding market abuse, financial services misconduct, and money laundering. Now is the time to get to grips with these priorities or risk getting caught out.
Get in touch if you’d like to discuss any of the topics above or would like to arrange a meeting with our team.
Rebecca Thorpe, Global Head of Regulatory Consulting
Get in touch
