All posts tagged "Controls"
-
312AML / KYCMAS Penalises Trust Company for AML/CFT Failings
TMF Trustees Singapore was penalised SG$400,000 for failing to verify the source of wealth and monitor transactions on an ongoing basis.
March 20, 2020 -
401InternationalWFE: Exchanges, CCPs Implementing Advanced, Embedded ERM
Market infrastructures - exchanges and CCPs - are implementing advanced and embedded enterprise risk management right across their organisations, the WFE says.
March 2, 2020 -
320EnforcementUK Regulator Penalises Citigroup for Reporting Failures
Citi’s UK failings led to “significant errors” in the firms’ returns, preventing the Prudential Regulation Authority from obtaining an accurate picture of its capital or liquidity position.
November 28, 2019 -
671Fintech / RegtechCCP12 Publishes Best Practices to Address Outsourcing Risk
As CCPs move to more complex supply chain models, proper oversight mechanisms and controls need to be in place to manage the risks introduced by third-parties.
July 26, 2019 -
3.2KBig 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 -
660AML / 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 -
705Australia & 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 -
562AML / 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 -
412EnforcementMAS 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 -
508Capital 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
