All posts tagged "Due diligence"
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18Contributed ArticleFamily Offices Should Start Behaving Like Regulated Entities
Family offices should be reviewing their governance and risk management frameworks in light of the Archegos collapse, says Marie Gervacio.
July 30, 2021 -
123AML / KYCCrypto to Become One of the ‘Safest Environments Ever’
Experts discuss regulatory fragmentation, rapid travel rule adoption, and good compliance practices for VASPs.
July 29, 2021 -
152InternationalIOSCO Proposes Recommendations for ESG Ratings, Data Providers
IOSCO proposes recommendations to address the risks and challenges associated with products and services from ESG ratings and data providers.
July 27, 2021 -
90AML / KYCEuropean Commission Presents Package of AML/CFT Reforms
A new EU-level AML authority will coordinate national authorities to ensure the private sector correctly and consistently applies EU rules.
July 23, 2021 -
151AML / KYCUS Government Warns Of Rising Business Risk in Hong Kong
A business advisory from four US government agencies says US firms should be aware of the risks they face if they continue operating in Hong Kong.
July 18, 2021 -
157AML / KYCCovid-19 Forced Companies to Short-cut KYC, Due Diligence
A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.
July 14, 2021 -
149AML / KYCJapan to Form Cross-agency AML Team Following FATF Review
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
July 5, 2021 -
77IndiaRBI Issues New Guidelines on Outsourcing for Coop Banks
Cooperative banks should not outsource policy formulation, internal audit, KYC compliance, credit approval and portfolio management.
July 3, 2021 -
115EnforcementFINRA Orders Record Financial Penalties Against Robinhood
Robinhood has been ordered to pay $70mn for systemic supervisory failures and significant harm suffered by millions of customers.
July 1, 2021 -
358AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021
