Security concerns have increased with the rise of the internet and the threat of cyberattacks that governments are trying to mitigate. The Bangko Sentral ng Pilipinas (Central Bank of the Philippines, BSP) has announced it will be implementing “a unified regtech and suptech solution that will streamline and automate regulatory supervision, reporting, and compliance assessment of cybersecurity risk management for our supervised institutions” called Advanced SupTech Engine for Risk-Based Compliance (ASTERisC*).
Suptech vs financial crime: Unlocking the full potential of data and digital tools in the fight against illicit financial flows
* Keynote presentation during the 3rd Symposium of the Global Forum on Illicit Financial Flows and Sustainable Development, June 4th and 5th, 2024 In today’s rapidly evolving digital landscape, data is the cornerstone of effective anti-money laundering and countering...
