But they may also present risks to users and the institutions that accept them
The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
Neil Murphy talks to Regulation Asia about how prepared phase 5 and 6 firms are for compliance and how TriOptima is easing the burden through automation.
Two new reports from the BCBS outline banking system exposure to climate-related risks and recommend methodologies be adapted accordingly.
The China Financial Certification Authority has also become the first certification authority to become a validation agent in the Global LEI System.
US SEC Warns of Misleading Statement Regarding ESG InvestingApril 15, 2021
BaFin Faces Criminal Probe Over Wirecard ResponseApril 15, 2021
MAS Penalises Bank J. Safra Sarasin for SoW/SoF FailuresApril 15, 2021
Basel Committee Calls for Adaption to Climate RisksApril 15, 2021
US SEC Identifies Accounting Issues with SPAC ListingsApril 15, 2021
Cambodian Lenders Grant Reprieve from Debt RepaymentApril 15, 2021
China: SAFE Approves $5b in QDLP Quotas for HainanApril 15, 2021
FSC Korea to Create Policy on Use of AI in Financial ServicesApril 15, 2021
Mizuho Head to Turn Down JBA Chairmanship – ReportApril 15, 2021
China: CFCA Starts to Embed LEIs in Digital CertificatesApril 15, 2021