All posts tagged "Compliance"
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361AML / KYCTechnology Offers New Means to Fight Financial Crime: MAS
At the ICA's 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.
October 17, 2019 -
195Australia & NZASIC Grants Advisers Relief From Compliance Obligation
ASIC will grant a three-year exemption from the obligation to ensure that financial advisers are covered by a compliance scheme, and from the associated notification obligations.
October 16, 2019 -
710FeatureSFC Details Rules for Virtual Asset Fund Managers
The SFC has published new requirements for virtual asset fund managers, relating to capital, best execution, liquidity and custody, among other areas.
October 7, 2019 -
280Asia-PacificBSP Streamlines Rules for Payment System Operators
The Philippine central bank has simplified the registration process for payment system operators, and created a new consolidated manual of regulations to facilitate compliance.
October 3, 2019 -
353Australia & NZRBNZ to Start Publishing Regulatory Breaches by Banks
The RBNZ will start publishing banks' regulatory breaches on its website next year in a bid to improve transparency and market discipline.
September 26, 2019 -
267AML / KYCAUSTRAC Orders AML/CTF Audit at PayPal Australia
AUSTRAC’s order follows a self-reported issue PayPal detected in its reporting system for international fund transfer instructions, which it said it was working to remediate.
September 24, 2019 -
419Australia & NZ
ClearView Completes Advice Remediation Programme
Financial compensation totalling A$730,000 was offered to 215 clients who were harmed by poor advice, while another 21 clients received non-financial remediation.
September 20, 2019 -
820Australia & NZAustralia Establishes Senate Committee on Fintech, Regtech
The committee will inquire into the opportunities of fintech and regtech, and benchmark Australia’s environment for innovation against comparable global regimes.
September 16, 2019 -
407Australia & NZ
ASIC Issues Second Update on Response to Royal Commission
Of 105 investigations and court actions underway against financial institutions at the end of July, 86 related to the big four banks and AMP.
September 13, 2019 -
506Fintech / RegtechSingapore Streamlines Payment Firms’ Access to Legal Services
The initiative will help connect the payments industry with specialist law firms through a streamlined process to help them comply with the new Payment Services Act.
September 9, 2019
