All posts tagged "Due diligence"
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587AML / KYCHKMA Offers Guidance in Response to FATF Report
Banks and SVF operators are asked to explore how technology can be used to more effectively and efficiently combat risks, including through the use of analytics in monitoring.
September 6, 2019 -
294Australia & NZACCC Calls for Lower Fees, More Competition in FX Services
An ACCC inquiry found that consumers continue to rely on the big four banks for FX services despite the availability of much cheaper alternatives.
September 3, 2019 -
608Capital RegulationMAS Offers Banks Guidance on Managing Loan Collateral
In a review of collateral management standards and practices banks use when lending to corporates, MAS has identified four key areas that need improvement.
August 24, 2019 -
850Capital RegulationSingapore Large Exposures Rules to Take Effect in Oct 2020
MAS published a draft large exposures framework in early 2018, trying to meet the BCBS timeline for adoption in January 2019. The final rules will now take effect in October next year.
August 22, 2019 -
392EnforcementSGX RegCo to Boost Regulatory Presence, Oversight
At a regulatory briefing on Wednesday, SGX RegCo CEO Tan Boon Gin laid out the work ahead to enhance investor confidence and deter wrongdoing.
August 8, 2019 -
412FeatureABS Updates Guidance on Cloud Outsourcing Arrangements
The updated guide offers best practices to ensure resiliency and recoverability while maximising the benefits FIs derive from cloud outsourcing arrangements, including for 'critical systems'.
August 5, 2019 -
544Asia-PacificBSP Approves New Risk Management Guidelines for Banks
The guidelines seek to ensure that risks from banks' investment activities are effectively identified, measured, monitored and controlled.
July 29, 2019 -
512Fintech / 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 -
584AML / KYCFATF Finalises AML/CFT Guidance for Service Providers
New guidance for legal, accounting, and trust and company services professionals highlights the importance of identifying and verifying beneficial ownership information through due diligence.
July 1, 2019 -
870AML / KYCWolfsberg Group Publishes CBDDQ Capacity Building Materials
The materials include high level training videos and detailed guidance on the questionnaire, aimed at facilitating its implementation and halting the decline in correspondent banking.
July 1, 2019
