All posts tagged "Compliance"
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254EnforcementSFC Fines China Everbright Over Expired Standing Authority
The standing authority used to pledge client securities to obtain credit lines from banks was not renewed due to a miscommunication between compliance teams.
September 29, 2020 -
547AML / KYCThe New Cold War Is Financial
Banks and financial infrastructure are emerging as an expanding front in geopolitics, writes RUSI’s Tom Keatinge.
September 29, 2020 -
629Australia & NZNew Zealand FMA Warns of Action Against Poor Conduct
There are no excuses for conduct that presents the risk of harm to investors, customers and the integrity of the markets, says FMA chief Rob Everett.
September 25, 2020 -
2.6KContributed ArticleWirecard: The Biggest FinTech Success and Failure Story of All Time
Wirecard will be a compliance and audit training reference point for years to come, says compliance expert Oonagh van den Berg, recounting the warning signs in the years-long lead up to its collapse.
September 18, 2020 -
586AML / KYCAUSTRAC Fines State Street Over IFTI Reporting Breaches
State Street Bank and Trust failed to report IFTIs on 99 occasions. There is no suggestion that the transactions were suspicious or that there were CDD deficiencies.
September 17, 2020 -
1.4KAML / KYCLeveraging Data & Tech in Financial Crime Compliance
The pandemic has been an agent for accelerated change in operational and frontline functions. Financial crime compliance teams need to get in on the act.
September 14, 2020 -
920IndiaRBI Sets Out Guidelines on Bank Compliance Function
The guidelines are aimed at ensuring a uniform approach with regard to compliance and risk management culture across the banking industry.
September 14, 2020 -
487AML / KYCHong Kong Financial Firms Step Up Compliance Hiring – Report
The demand for compliance staff has reportedly risen by a third in the past few months. Lawyers with sanctions expertise are in particularly high demand.
September 8, 2020 -
791ChinaCSRC Publishes Classification Results for Securities Firms
The classification reflects securities firms' governance structures, risk management capabilities, continuous compliance status, and business development status.
August 28, 2020 -
510InternationalIOSCO Outlines Key Elements of Effective Market Making Programmes
The key elements may help promote the provision of liquidity, strengthen investor confidence, and foster fair and efficient markets, IOSCO says.
August 12, 2020
