Amendment bill may also increase financial penalties for corporate service providers that breach their AML obligations.
September 6, 2023MAS inspections found "executional lapses" in this area as a result of "weak oversight" and "lack of risk awareness and vigilance".
September 1, 2023The guidance covers board and senior management responsibilities and the use of look-back reviews of past transactions.
September 1, 2023The RBI invited expressions of interest last September. The $10mn contract has now been awarded to McKinsey and Accenture.
August 15, 2023SEC proposes new rules to address conflicts in broker-dealers' and investment advisers' use of predictive analytics and AI.
July 31, 2023The newly designated firms are allowed to converge anonymised and pseudonymised data from different businesses for analytics purposes.
July 20, 2023The RBNZ is not planning to introduce a regulatory framework for cryptoassets until global best practice becomes clearer.
July 3, 2023Customers who plan to relocate to Singapore from Malaysia, Indonesia, mainland China and Hong Kong can open OCBC bank accounts digitally.
June 23, 2023The HKMA said it aims to have all retail banks taking a "consistent, coordinated approach to real-time fraud monitoring" by September 2023.
June 8, 2023Agustín Carstens says supervisors need to continuously seek to improve their capabilities by accessing greater resources and leveraging technology.
June 7, 2023