All posts tagged "Compliance"
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6271Contributed ArticleHow a Consortium Created an Open Taxonomy for MAS 610
Recognising the depth of the challenge posed by the new MAS 610 standard, AxiomSL decided that this industry challenge merited an innovative approach.
August 13, 2019 -
169Australia & NZASIC Event Features Regtech Use for Monitoring Financial Promotions
ASIC's 'Regtech Monitoring Financial Promotions' symposium was the first in what will be a series of sessions aimed at working with the industry to solve compliance challenges with technology.
August 6, 2019 -
703Australia & NZAustralia: NAB, EY Under Fire Following Whistleblower Leak
A whistleblower has leaked internal NAB documents to highlight the bank's lax approach to risk management, customer remediation, and conflicts of interest with its auditor.
August 5, 2019 -
2.2KAML / KYCThe Rise of Digital Banks in Asia Raises Compliance Questions
The entrance of FinTech and BigTech firms into banking is forcing incumbents to adapt, but it should not come at a cost to compliance obligations, writes Claus Christensen at Know Your Customer Ltd.
July 16, 2019 -
2.1KBig PictureRegulatory Change the Single Biggest Compliance Challenge
Financial crime, culture & conduct risk, personal liability and technology are some of the other top compliance challenges cited in the latest Thomson Reuters Cost of Compliance report.
July 2, 2019 -
546AML / KYCFATF Finalises AML/CFT Guidance for Service Providers
New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.
July 1, 2019 -
647Australia & NZRBNZ to Intensify Supervision of Financial Institutions
The RBNZ is reviewing its regulatory requirements and intensifying its supervision of financial institutions to boost the resilience of New Zealand's financial system.
June 27, 2019 -
720AML / KYCNon Bank Payment Providers Raise Compliance Costs: LexisNexis
High labour costs in the AML function are partly driven by the growth of non-bank payment providers, which increase complexity and reduce transparency in the transaction chain.
June 20, 2019 -
403AML / KYCAUSTRAC Orders Audit of Afterpay’s AML Compliance
AUSTRAC has ordered 'buy-now, pay-later' service firm Afterpay to undergo an independent audit to its compliance with AML/CTF laws.
June 14, 2019 -
741EnforcementUPDATED – Citigroup Japan Fined, Ordered to Improve Internal Controls
Having failed to detect after hours spoofing by a London trader, Citigroup Global Markets Japan has been fined, ordered to improve its controls, and suspended from participating in JGB auctions.
June 10, 2019
