All posts tagged "Compliance"
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324AML / KYCUS OCC Orders Digital Assets Bank to Address AML Failings
Deficiencies were found at Anchorage Digital Bank, the US' first federally chartered bank authorised to provide institutional custody services for crypto.
April 30, 2022 -
556Australia & NZAustralian Court Orders Westpac to Pay A$113m in Penalties
The penalties are the result of six proceedings brought by ASIC in November. Westpac had already agreed to pay the penalties and customer remediation.
April 25, 2022 -
355IndiaRBI Issues New Rules on NBFC Compliance Function
Upper and middle layer NBFCs have until 1 October 2023 to install a compliance function and chief compliance officer.
April 21, 2022 -
304SingaporeMAS Publishes Compliance Toolkit for Financial Advisers
The toolkit provides guidance to facilitate compliance by financial advisers with MAS approval and reporting requirements.
April 9, 2022 -
485India
RBI Identifies Faults in Risk, Compliance, Audit Functions
The RBI has bolstered its supervisory focus at banks amid findings of compliance, risk management and internal audit weaknesses.
April 5, 2022 -
356ChinaCSRC Fines Securities Firm Over Client Records Management
Shenwan Hongyuan Securities failed to appropriately manage its online investment advisory business on Ant Group's wealth management app.
March 29, 2022 -
351Asia-PacificOJK Calls on State-owned Enterprises to List on Stock Exchange
To date, only 23 of Indonesia's 82 state-owned enterprises have made public offerings in the capital market.
March 28, 2022 -
528Australia & NZAPRA Offers Guidance on Managing Compliance Risk
APRA wants regulated entities to give compliance risk management the same attention they give to cyber risk, operational risk management and other risk classes.
February 23, 2022 -
359China
CSRC Relaxes Rules for Appointing Securities and Fund Personnel
Passing a proficiency test is no longer a prerequisite qualification for personnel with certain work experience, and educational requirements have been scrapped.
February 23, 2022 -
506India
RBI to Consolidate Reg Reporting Requirements in Single View
The RBI will withdraw 100 circulars and consolidate all regulatory reporting and return submission requirements on a single webpage.
February 22, 2022
