All posts tagged "Due diligence"
-
39ChinaNAFMII Punishes Bond Underwriters Over SOE Default
The three banks failed to conduct proper due diligence and verify cash that appeared to be abnormally restricted when underwriting Yongcheng Coal’s bonds.
January 22, 2021 -
122AML / KYCFinancial Crime 2021: Digital ID, Due Diligence, Sanctions
Last year’s financial crime landscape forced many FIs to rapidly adapt to evolving threats. In the year ahead, a continued focus on risk mitigation is prudent.
January 21, 2021 -
95AML / KYCGLEIF Enhances LEI Search Engine, Automates Access to LEI Data
A new API enables third-party developers to automate searches and retrieve higher quality LEI data from within their application environments.
January 20, 2021 -
203AML / KYCLessons Learned From APAC’s Landmark Year of AML Fines
Drawing from landmark penalties in 2020, FINTRAIL’s Payal Patel and Sara Abbasi identify key lessons to help financial institutions guard against financial crime.
January 20, 2021 -
91Australia & NZNew Zealand FMA Consults on Wholesale Investors Exclusion
The notice under review exempted offerors of certain financial products from having to provide normal disclosures to investors whose minimum investment is NZ$750,000 or more.
January 18, 2021 -
121FeatureSGX RegCo Raises Audit, Valuation Standards for Listed Firms
Primary-listed issuers must appoint an ACRA-registered auditor, and only use property valuers that meet certain qualification criteria.
January 12, 2021 -
104ChinaChinese Court Orders Ratings Firm to Compensate Bond Creditors
The court held Dagong Global Credit Rating, its controller, underwriter, accounting firm, and law firm jointly responsible for defaults by a construction company three years ago.
January 7, 2021 -
85ChinaCBIRC to Allow WMPs to Be Sold Through Bank Channels
Under draft rules, banks that absorb public deposits are allowed to act as agents to sell wealth management products issued by wealth management subsidiaries.
January 5, 2021 -
158AML / KYCSFC to Require OFCs to Appoint Responsible Person for AML
The requirement replaces an earlier proposal for OFCs to maintain a significant controllers register, which was deemed too operationally burdensome.
December 24, 2020 -
500FeatureMAS Consults on Proposed Notices for Outsourced Services
Banks' outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
December 21, 2020
