The updated ePayments Code strengthens protections for consumers and obliges banks to help customers recover money that has been transferred in error.
June 5, 2023Directors, trustees, and officers can be fined personally and barred for five years for failure to ensure compliance with beneficial ownership disclosure requirements.
October 24, 2022The system will be used to monitor compliance and improve compliance culture at supervised entities such as banks and NBFCs, the RBI said.
October 12, 2022ASIC will publish an updated ePayments Code in April, enhancing some consumer protections and extending those protections to payments made using the NPP.
March 9, 2022The paper makes the case for a "embedded supervision", a regulatory framework that automates compliance monitoring using the information in a distributed ledger.
September 23, 2019Senior management will be held accountable for failures to put in place effective policies, procedures and controls for handling third-party deposits and payments.
June 1, 2019CBIRC has released guidance to help financial institutions improve AML/CFT controls, on the heels of recent news that PBOC is scrapping its approval process for corporate accounts.
February 22, 2019Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.
February 7, 2019New rules establish information sharing mechanism among lenders for collective gathering and cross-validating business and financial information of borrowers.
June 11, 2018Regulator requires two years of full records, client authentication and validation, a written contingency plan and compliance reviews for instant messaging use.
May 7, 2018