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Compliance in Asian Wealth Management Forum 2020 - Exclusive Insights - Anu Phanse - Swissquote

Anu Phanse of Swissquote

Jan 24, 2020

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1. Banks have the challenge of dealing with the non-uniformity – what can you do?

Video transcript

1. Banks have the challenge of dealing with the non-uniformity – what can you do?

To put it in perspective, there are about 30% of the countries worldwide where there is no cybercrime regulations, so it does make the job very difficult. Because if there's no local regulations on cybercrime, firstly there is a problem of existence of regulations, and then of course for the 70% where we do have cybercrime regulations, there's a problem of enforcement, because it's not really easy to enforce that regulation because a lot of these are organised crimes, which probably the victim is in another country and the criminal is in a country outside the victim's country. So there is a lot of challenges around enforcement of the regulation, as well.

 

 
 
 
 

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