All posts tagged "Due diligence"
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497AML / KYCSustainable Supply Chains and the Role Banks Play
Incoming rules from the EU, UK, Singapore and Hong Kong highlight the need for banks to gain a better understanding of the third party and supply chain risks their customers face.
July 15, 2020 -
521ChinaCSRC Imposes Underwriting Restrictions on GF Securities
14 GF Securities officers have also been barred from investment banking. The enforcement action is related to a $12.6bn fraud at drugmaker Kangmei Pharmaceutical.
July 13, 2020 -
1.1KAML / KYCFATF Highlights Progress to Adopt AML Standards for Virtual Assets
35 of 54 reporting jurisdictions have implemented the FATF Standards on virtual assets and VASPs, and progress has been made to develop technology for travel rule implementation.
July 8, 2020 -
1.7KContributed ArticleA Detailed Look at MAS’ Environmental Risk Management Guidelines
Grace Chong at global law firm Simmons & Simmons JWS analyses the key points of MAS’ proposed Guidelines on Environmental Risk Management, and sets out the key practical steps to be taken.
June 29, 2020 -
1.6KFeatureIOSCO Drafts Guidance on Supervising AI/ML in Financial Markets
IOSCO proposes six measures to assist members in creating appropriate regulatory frameworks to supervise market intermediaries and asset managers that use AI and ML.
June 26, 2020 -
269AML / KYCFMA Sues CLSA New Zealand for AML Breaches
CLSA Premium NZ failed to adequately conduct customer due diligence, terminate certain business relationships, report suspicious transactions, and maintain records.
June 24, 2020 -
536AML / KYCSFC Fines Guotai Junan Securities for AML and Other Breaches
Guotai Junan Securities was fined for regulatory breaches in connection with AML, third party fund transfers, placing activities, and wash trade detection and reporting.
June 22, 2020 -
1.3KAML / KYCSri Lanka’s ‘Special Deposit Account’, a Recipe for Disaster
A CBSL scheme announced in April to drive inward remittances and investment may risk Sri Lanka falling back into the FATF's grey list, says Duruthu Chandrasekera.
June 22, 2020 -
418AML / KYCUK FCA Fines Commerzbank $47m for 5 Years of AML Failures
Commerzbank's London Branch failed to conduct periodic due diligence on clients, address transaction monitoring weaknesses, and to have adequate CDD policies and procedures in place.
June 19, 2020 -
807FeatureHKEX to Launch Sustainable Finance Information Platform, ‘STAGE’
Initially, 'STAGE' will host information on the 44 green bonds and two ESG-related ETFs listed in Hong Kong. Over time, it could expand to include equities, overseas products, and derivatives.
June 18, 2020
