All posts tagged "Accountability"
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177ChinaCBIRC Issues Draft Rules on Related Party Transactions
Banks and insurers are required to put in place mechanisms to prevent the transfer of benefits to shareholders and their related parties.
June 24, 2021 -
322Big PictureGFMA, BCG Publish Principles for Climate Finance Taxonomies
The principles are based on a broader definition of climate finance which goes beyond debt instruments and captures equity financing and working capital.
June 23, 2021 -
180Australia & NZAustralian Senate Approves Landmark Superannuation Reforms
The reforms will enable easier comparison of super funds and block underperforming funds from gaining new members, among other changes.
June 23, 2021 -
793Contributed ArticleBanking on API Management to Succeed in the Digital World
AdNovum's David Chan discusses the need to safeguard APIs as financial institutions increasingly seek to digitalise their services.
June 17, 2021 -
446AML / KYCWEF Offers Framework to Help Prevent Illicit Financial Flows
The "Unifying Framework" published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
June 16, 2021 -
427Hong KongHong Kong Needs New Cybersecurity Legislation: FSDC
The FSDC recommends the development of legislation to provide legal certainty and protection, clarity on cross-border data transfers, and a framework for accountability.
June 16, 2021 -
296ChinaChina Passes Law Establishing Hainan as Free Trade Port
The law states that Hainan will implement a "minimalist" investment approval system and create an "open, transparent, and predictable investment environment".
June 16, 2021 -
425AML / KYCG7 Leaders Commit to Acting on Corruption, Shell Companies
The communique highlights a need to tackle the misuse of shell companies and curtail the ability of illicit actors to hide wealth, including in real estate.
June 14, 2021 -
168AML / KYCHKIFA Warns Against Concealing Company Director Information
The government proposal to stop requiring companies to reveal certain information about directors will hinder fund managers’ ability to conduct due diligence.
June 4, 2021 -
192AML / KYCPhilippines: 26 Groups Jointly Call for Easing of Bank Secrecy Law
The groups say the Philippines lags the world on bank secrecy and allows politicians and other government officials to hide unexplained wealth.
June 2, 2021
