All APAC articles – Page 3
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NewsUK adds Pakistan to list of high-risk countries with weak AML/CTF controls
The United Kingdom has added Pakistan to a list of 21 countries it deems to be high-risk due to deficiencies in anti-money laundering and counter-terrorism financing controls.
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NewsData protection act enforcement may be further delayed in Thailand
Thailand’s new digital economy and society minister Chaiwut Thanakhamanusorn is considering postponing full enforcement of the country’s Personal Data Protection Act (PDPA) scheduled for June, in part to give small- and medium-sized enterprises (SMEs) more time to prepare. Implementation has already been delayed once.
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VideoPrivacy Law Developments in the APAC Region
APAC region has had several developments of new laws and regulation updates creating a complexity of privacy challenges for privacy professionals.
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NewsEU-South Korea data protection adequacy decision one step closer
The European Union and South Korea have confirmed there is a high degree of convergence between their data protection regulations, paving the way for an adequacy decision which would allow the free flow of personal data between them.
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NewsChinese bank fined for major data protection failings
The China Banking and Insurance Regulatory Commission has ordered China Citic Bank to pay RMB4.5m ($690,000, €581,000) in penalties for what the regulator termed major violations of banking laws and regulations.
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NewsFirst ever North Korean extradited to US to face money laundering charges
A North Korean national will be tried in the United States over allegations he laundered $1.5 million through American banks as part of a scheme to provide luxury goods to the Asian country in breach of sanctions.
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NewsIndia seeks to stop WhatsApp privacy rule changes
The Indian government has filed a lawsuit in Delhi High Court to restrain WhatsApp from implementing a new privacy policy.
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NewsScope widened for New Zealand privacy inquiry into police photography
Scope widened for New Zealand inquiry into police photography practice
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WebinarHow to leverage APEC Accountability Agents for your organization’s global privacy and governance
With data volumes growing across borders and industries, everyone benefits from being able to demonstrate compliance with internationally recognized privacy and security measures.
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NewsChina-linked cyber group ‘targeted Indian power sector’
An investigation by US cyber-security company Recorded Future has found a cyber-campaign by RedEcho, a threat activity group with links to China, targeted the Indian power sector.
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NewsNew Zealand issues first formal warning to a real estate agency chain under updated AML law
New Zealand’s Department of Internal Affairs has issued a formal warning to a large real estate agency chain.
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NewsData of 3.3m cash-loan app users ‘sold online’
Email addresses and other information about 3.3m clients of money-lending app Cashalo in the Philippines is being offered for sale on the dark web, a preliminary investigation by the Philippine National Privacy Commission (NPC) has shown.
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NewsIndonesia set to expand AML regulation for fintechs
Indonesia will soon approve a regulation to stem money laundering and terrorism financing by requiring more financial technology companies to report suspicious transactions, the head of its financial intelligence agency has said.
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NewsMalaysia to set up cyber security test lab
A 5G cyber security test lab will be launched in Malaysia to cover Internet of Things (IoT) and telecommunications security, plus improving readiness in responding to 5G-related cyber-attacks, says communications and multimedia minister Datuk Saifuddin Abdullah.
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NewsFurther $853m fraud reported at troubled Indian housing finance company DHFL
Indian finance company Dewan Housing Finance Corporation Ltd (DHFL) has reported a further fraud worth Rs 6,182 crore (around $850m) to the stock market.
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NewsVietnamese government consults on new privacy law
The ministry of public security in Vietnam has opened its draft decree on personal data protection to public consultation.
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NewsIndia’s central bank restricts investments in ‘shadow banks’ from non-FATF compliant nations
The Reserve Bank of India has announced a tightening of rules for new investors from overseas in Non-Banking Financial Companies (NFBC)
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NewsClubhouse app reviews data protection practices following concerns about potential Chinese government access
High-profile US app Clubhouse has pledged to review its data protection procedures after academics warned it contained security flaws that left users’ data at risk of being accessed by the Chinese authorities.
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NewsMyanmar junta’s cyber security bill faces opposition
A total of 158 civil society organisations in Myanmar have spoken out against a cyber security bill issued by the military regime which overthrew Aung San Suu Kyi’s democratically elected government.
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NewsCrown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
Crown Resorts deemed unsuitable to run $2.2bn Sydney casino due to money laundering concerns
