All posts tagged "Compliance"
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339Securities & TradingMAS Discusses Supervisory Toolkit for Fund Managers – Speech
MAS places emphasis on conduct and individual accountability in its supervisory approach, using data analytics to help identify unusual trends and flag outliers among fund managers.
February 19, 2019 -
508AML / KYCSFC Fines Guosen Securities $1.94mn for AML Breaches
The Hong Kong unit of Guosen Securities failed to make enquiries into or report thousands of suspicious third party deposits.
February 19, 2019 -
381Australia & NZAPRA Issues Update on Implementation of Hayne Recommendations
APRA details the work already underway to implement the Recommendations and confirms it is examining the 12 matters referred by the Royal Commission.
February 12, 2019 -
390Big PictureBoard, Compliance Engagement Lacking in Technology Adoption
Financial services firms lack engagement from boards and risk and compliance functions, according to a new survey from Thomson Reuters Regulatory Intelligence.
February 7, 2019 -
653AML / KYCComplying with AML/CTF Obligations in Australia
Sophie Grace director Sophie Gerber lays out the obligations reporting entities must adhere to for compliance with AML/CTF rules in Australia.
February 6, 2019 -
565Fintech / RegtechSEBI Directs Market Infrastructures to Disclose AI, ML Use
Stock exchanges, clearing corporations, depositories required to disclose their use of artificial intelligence and machine learning starting from the current quarter.
February 5, 2019 -
474AML / KYCChina to Strengthen Compliance Management at Overseas Bank Branches
CBIRC guidelines require Chinese banks to strengthen compliance management at overseas branches in relation to AML/CTF, tax evasion, sanctions, consumer protection and cybersecurity.
January 24, 2019 -
524EnforcementRBI Imposes Monetary Penalty on Citibank India
The ₹30mn penalty is based on deficiencies in regulatory compliance related to 'fit and proper’ requirements for bank directors.
January 14, 2019 -
413IndiaUPDATED – Losses from Bank Fraud Up 72 Percent – RBI
According to RBI data, the higher losses are in large part due to increasing cybercrime as well as the Punjab National Bank scandal in February 2018.
January 7, 2019 -
507Contributed ArticleSFC Fund Manager Code of Conduct – Five Important Next Steps
Derek McGibney at ACA Compliance Group lays out the activities investment firms should be undertaking to ensure ongoing compliance with the FMCC.
January 4, 2019
