All posts tagged "Compliance"
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126Australia & NZASIC Calls for Review of Non-compliant Whistleblower Policies
Some policies inaccurately refer to obsolete requirements for whistleblowers to identify themselves or make disclosures in good faith or without malice to qualify for protection.
October 14, 2021 -
197AML / KYCSWIFT Publishes Guidelines for Screening ISO 20022 Messages
Richer data in ISO 20022 messages allow financial institutions to potentially reduce false positives in sanctions screening, SWIFT says.
October 6, 2021 -
235FeatureRBI Finalises Guidelines for OTC Derivatives Market Makers
The guidelines impose requirements on governance, dealing conduct, risk management, internal control, internal audit and record-keeping.
September 23, 2021 -
235AML / KYCAUSTRAC Outlines Common Reporting Mistakes – Report
Reporting mistakes have included incorrectly-used fields, late filings, inconsistent data input, and defensive reporting.
September 7, 2021 -
177Hong KongHKEX Identifies Compliance Deficiencies by Exchange Participants
In a new bulletin, HKEX offers guidance on compliance with LOP reporting, client margin and block trade order execution requirements.
September 3, 2021 -
199AML / KYCNew Zealand Court Penalises TBS Bank for AML Breaches
The court action against TSB Bank was the first civil proceedings brought by the RBNZ under the AML/CFT Act.
September 1, 2021 -
194ChinaAMAC Issues Conduct Guidelines for Managers of Retail Funds
Directors, supervisors and senior managers should "lead by example" and consciously advocate the implementation of a healthy industry culture.
August 20, 2021 -
136ChinaCSRC to Increase Scrutiny on Fund Manager Governance
The CSRC will revise certain rulesets and establish a new evaluation system to assess the quality of corporate governance at individual firms.
August 13, 2021 -
103ChinaCBIRC Orders Trust Companies to Divest Non-financial Subsidiaries
Trust companies can retain just one non-financial subsidiary whose business covers investment management or asset management. The remaining subsidiaries must be liquidated.
August 5, 2021 -
123IndiaRBI Issues Outsourcing Framework for Payment System Operators
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021
