Financial institutions should be able to leverage existing financial crime compliance, conduct and tax (including tax transparency regimes) procedures and controls, to address the risks of customer tax evasion.
SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.
Successful cooperation on cyber security will enhance financial sector resilience and prevent fragmentation, said the FSB's secretary general Dietrich Domanski in speech to the G7.
Open banking, digital banking, cloud-based infrastructure and RegTech are the key drivers of technology-led change in the Australian banking sector, according to S&P Global Ratings.
As tax reporting requirements grow increasingly complex, automation is making compliance cheaper, quicker and more efficient, says a new report from Regulation Asia and BearingPoint.
There are significant opportunities for cross-border collaboration and integration across the Greater Bay Area, the FinTech Association of Hong Kong says in a new report.
The Central Banks and Supervisors 'Network for Greening the Financial System' has published a report providing recommendations to mitigate climate-related financial risks.
Additional policy work is needed to level the playing field for internationally active entities, according to Financial Stability Institute chairman Fernando Restoy.
The guide offers a look at the key data protection and cyber security developments of 2018, expectations for the year ahead, and guidance for effective compliance.
There is a need for supervisors to consider local specificities when implementing the framework in less developed markets, ISDA says.