All posts tagged "Controls"
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375Fintech / RegtechIOSCO Publishes Final Guidance on Supervising AI/Machine Learning
IOSCO members are encouraged to consider six measures carefully in the context of their legal and regulatory frameworks.
September 8, 2021 -
295AML / KYCHKMA Issues Guide for Regtech Adoption in Customer Monitoring
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021 -
79Australia & NZASIC Removes SocGen Securities Licence Conditions
Independent expert did not identify any deficiencies in the adequacy and effectiveness of SocGen's client money controls.
June 27, 2021 -
261EnforcementTaiwan FSC Probes Next Bank Over Possible Regulatory Breaches
Next Bank is one of the three internet-only banks that was issued a licence by the FSC in 2019. The bank has yet to launch operations.
April 23, 2021 -
718AML / KYCMAS Penalises Bank J. Safra Sarasin for SoW/SoF Failures
The bank failed to establish the source of wealth and source of funds of customers and beneficial owners of higher-risk customers, MAS said.
April 15, 2021 -
247AML / KYCHK Bourse Offers Guidance on Compliance with BCAN Requirements
Exchange participants are “strongly advised” to strengthen controls and take immediate action to rectify any breaches of BCAN requirements.
March 9, 2021 -
450EuropeTokyo Exchange Obtains ESMA Recognition Under BMR
A total of 192 benchmarks administered by the TSE are listed as in scope, including key benchmarks TOPIX and JPX-Nikkei Index 400, as well as their sub-indices.
March 5, 2021 -
311ChinaCBIRC Issues New Guidelines on Reputational Risk Management
The guidelines set out four principles for all CBIRC-regulated financial institutions to incorporate in their reputation risk management systems.
February 25, 2021 -
208Australia & NZASIC Seeks Penalties from CBA for Overcharged Interest
Due to a systems error, CBA charged more than 1,510 customers a higher interest rate than they were advised, amounting to A$2.2 million in overcharged interest.
February 17, 2021 -
321EnforcementLeaked Report Reveals Credit Suisse Culpability in Lescaudron Fraud
The case involved Patrice Lescaudron, a French banker who was jailed for defrauding clients in 2018 before committing suicide last year following his early release.
February 10, 2021
