All posts tagged "Controls"
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2.6KBig PictureSWIFT Responds to India Cyber Threat With New Paper
SWIFT has published a new paper to help financial institutions in India improve their monitoring of anomalous and potentially fraudulent transactions.
May 13, 2019 -
527AML / KYCTechnology, Multi-Agency Cooperation in Focus at HKMA
At the Refinitiv Pan Asian Regulatory Summit, HKMA's Carmen Chu discussed how technology and cooperation with authorities contributes to a safe and clean financial centre.
October 11, 2018 -
589Australia & NZAPRA Updates Guidance on Cloud Computing Use by Regulated Entities
Information paper acknowledges improvements in the ability of regulated entities to manage cloud computing risks, while also detailing observed weaknesses and areas of concern.
September 25, 2018 -
442AML / KYCSFC Urges Licensed Firms To Strengthen AML/CFT Measures
Hong Kong firms need to step up AML/CFT compliance keeping in mind deficiencies and gaps found during the regulator’s thematic reviews and on-site exceptions.
September 3, 2018 -
313EnforcementMAS Reprimands Asset Manager for Late Regulatory Submissions
Annual declarations, auditor reports and director change notifications were submitted up to three years late by Taiyo Asset Management; director found guilty of misconduct for failure to implement compliance controls.
July 8, 2018 -
370Capital RegulationAudit Officials Find Illegal Lending at Chinese Banks
ICBC, ABC and CITIC illegally extended loans to unqualified companies or industries, inflated the size of their deposits, engaged in illegal shadow-banking actives, and had shortcomings in their credit risk management.
June 25, 2018 -
335AML / KYCCommonwealth Bank Agrees to A$700m Penalty for AML Breaches
AUSTRAC investigations revealed inadequate AML/CTF risk assessment and controls, leading to failures in monitoring transactions, submitting transaction reports, detecting money laundering.
June 4, 2018 -
1.2KHong KongSFC Raises Standards for Client Facilitation Trades
Client facilitation traders must be segregated from agency traders to protect client information and avoid conflicts of interest.
February 17, 2018 -
677EnforcementInteractive Brokers HK Fined for Trading System Failures
The firm’s electronic trading system repeatedly submitted orders without regard for market liquidity and without effective price and volume controls.
February 15, 2018 -
502AML / KYCUS Fed Fines Taiwanese Bank $29mn for AML Failures
US Federal Reserve Board cites deficiencies in Mega Bank's operations, risk management and compliance controls in relation to AML and bank secrecy laws.
January 19, 2018
