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October Regulatory Round-up: Regulators play fintech balancing act

Hong Kong and Singapore regulators played a balancing act in October, tightening and adjusting regulations while striving not to “get in the way” of fintech innovation. To facilitate onboarding, the Securities and Futures Commission (SFC) revised AML rules, removing the need for physical certified copies of identity documents during the onboarding process. The regulator offered a list of alternative processes, such…

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