All posts tagged "Compliance"
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238AML / KYCAML Audit Ordered by AUSTRAC Finds Afterpay ‘Low Risk’
Following AUSTRAC’s order for Afterpay to review its AML/CTF compliance in June on suspicious of breaches, an external order has found the breaches only occurred due to the poor legal advice.
November 27, 2019 -
502SingaporeSGX RegCo Rewards Good Governance with ‘Fast Track’ List
SGX RegCo has named 95 companies that will receive prioritised responses on selected corporate action submissions for maintaining high standards of governance, compliance and reporting quality.
November 26, 2019 -
796Capital RegulationBCBS 239: The Rise of 2.5LoD at Singapore Banks
PwC’s Shierly Mondianti and Irene Liu explore the advantages and disadvantages of the operating models for executing independent validation post-BCBS 239 compliance.
November 18, 2019 -
197Australia & NZASIC Initiates Civil Penalty Proceedings Against Former ANZ Business
ASIC says that RI Advice Group, acquired by IOOF from ANZ last year, failed to take reasonable steps to ensure that one of its advisers, John Doyle, provided appropriate advice and acted in clients’ best interests.
November 4, 2019 -
228Australia & NZASIC Imposes Additional Licence Conditions on IOOF
ASIC granted a licence variation requested by IOOF’s investment services unit, but has decided to also impose additional licence conditions.
October 29, 2019 -
684AML / KYC
ACIP Workshop: Key Challenges to Deploying AML Data Analytics
The workshop participants discussed two of the key challenges to implementing data analytics systems to fight financial crime – explainability and governance.
October 28, 2019 -
616AML / KYCTechnology Offers New Means to Fight Financial Crime: MAS
At the ICA's 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.
October 17, 2019 -
264Australia & NZ
ASIC Grants Advisers Relief From Compliance Obligation
ASIC will grant a three-year exemption from the obligation to ensure that financial advisers are covered by a compliance scheme, and from the associated notification obligations.
October 16, 2019 -
842FeatureSFC Details Rules for Virtual Asset Fund Managers
The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.
October 7, 2019 -
330Asia-PacificBSP Streamlines Rules for Payment System Operators
The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.
October 3, 2019
