FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
MAS Finalises Revisions to BCM Guidelines for FIs
By
Published on
Popular
-
672Crypto / Digital AssetsESMA Goes Live With New DLT Pilot Regime
Firms can apply for permission to operate DLT-based market infrastructures and receive exemptions from...
-
622AML / KYCCredit Suisse, UBS Under US Sanctions Probe – Report
Credit Suisse and UBS were included in a wave of subpoenas sent out by...
-
603Fintech / RegtechSWIFT Pilots Blockchain Solution to Tackle Corporate Actions Frictions
The solution demonstrated the potential to reduce manual effort and errors in corporate action...
-
566Crypto / Digital AssetsTerraform Labs Founder Do Kwon Arrested and Charged
Do Kwon was arrested in Montenegro. SDNY prosecutors released an indictment and will seek...
-
562Asia-PacificBIS Innovation Hub Completes Project Nexus Proof-of-Concept
The next phase of Nexus will connect the instant payment systems of Singapore, Indonesia,...
-
536Crypto / Digital AssetsUS SEC Warns Coinbase of Impending Enforcement Action
Coinbase met with the SEC 30 times over 9 months and spent millions of...
Partner Content
-
47Conduct and Control: Centralizing Trade Monitoring to Combat Market Misconduct
March 6, 2023 Eventus
-
90Nasdaq 2022 Global Compliance Survey
November 3, 2022 Nasdaq
-
69Are you Managing Clients to Full Compliance Across all International Jurisdictions?
July 29, 2022 Droit
-
75True Cost of Financial Crime Compliance Study
July 21, 2022 LexisNexis Risk Solutions
To Top
Ken Nagatsuka
Mr Ken Nagatsuka is the Executive Director and Head of Payments Department at the Monetary Authority of Singapore (MAS). The department is responsible for the authorisation, ongoing supervision and policy-making in relation to payment systems and payment service providers, such as e-money issuers, remittance providers and digital payment token (more commonly known as cryptocurrency) service providers under the Payments Services Act.
Prior to this, Mr Nagatsuka has worked in the field of capital markets regulation for over 15 years, and was previously Head of the Capital Markets Policy Division responsible for policy formulation and reviewing legislation in relation to capital markets and market infrastructures. In his role, he represented MAS on various international committees under the FSB, CPMI and IOSCO, on subjects such as OTC derivatives reforms and financial market infrastructures. Prior to that, he also served in various roles in exchange and clearing house supervisory functions.
Mr Nagatsuka holds both a Bachelor of Business Management and Bachelor of Science in Economics from the Singapore Management University.
Ari Redbord
Ari Redbord is Head of Legal and Government Affairs at TRM Labs, a blockchain analytics company. Prior to joining TRM Labs, he served as a Senior Advisor to the Deputy Secretary and the Under Secretary for Terrorism and Financial Intelligence at the United States Department of Treasury. In this capacity, he worked with teams from the Financial Crimes Enforcement Network (FinCEN), Office of Foreign Assets Control (OFAC), and other Treasury and interagency components on issues related to sanctions, the Bank Secrecy Act, cryptocurrency, and anti-money laundering strategies.
Previously, Mr. Redbord served as a Senior Assistant United States Attorney for the District of Columbia, where he investigated and prosecuted cases related to cryptocurrency, terrorist financing, sanctions evasion, export control, child exploitation and human trafficking. He has received numerous awards from FinCEN, the FBI, and the United States Attorney’s Office, including the Attorney General’s Award for leading an interagency task force dedicated to prosecuting those who abuse and exploit children.
Powered by Social Snap