All posts tagged "Due diligence"
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619AML / KYCFighting Modern Slavery: What the Banking Sector Can Do to Help
Many banks are retooling to include modern slavery as one of the issues they track within their existing AML protocols, says Matt Friedman, CEO of The Mekong Club.
January 17, 2020 -
308FeatureMalaysia Issues New Guidelines on Digital Assets
The guidelines require platform operators to carry out due diligence on prospective issuers of digital tokens, and issuers to satisfy governance and capital requirements.
January 16, 2020 -
250EnforcementSFC Lifts UBS Underwriting Suspension Two Months Early
The SFC is satisfied that UBS has adequate and effective systems, controls, policies and procedures to enable compliance with all requirements in relation to its sponsor business.
January 14, 2020 -
217FeatureSGX Enhances Listing Due Diligence Standards for Issue Managers
The ABS listings due diligence guidelines and independence requirements have been incorporated into SGX's mainboard listing rules.
January 13, 2020 -
160ChinaCSRC to Allow Fund Managers to Invest in NEEQ Stocks
To trade NEEQ stocks, fund managers should have investment and research capabilities, and strong liquidity risk management, due diligence and internal control systems.
January 8, 2020 -
225ChinaCSRC Issues Administrative Penalty Against Chinalin Securities
Chinalin Securities is prohibited from expanding the scale of its business for three months for violating regulations on internal controls, compliance inspections and governance failures.
January 8, 2020 -
311EnforcementSEBI Fines Credit Rating Agencies Over IL&FS Failures
Three rating agencies were fined for failing to recognise and quickly respond to deteriorating financial conditions at IL&FS, whose defaults last September triggered a liquidity crisis.
December 31, 2019 -
363AML / KYCWestpac Faces Shareholder Class Action for Possible Disclosure Failures
The class action, filed by law firm Phi Finney McDonald, will rest on whether Westpac breached disclosure obligations or misled investors about the extent of its AML compliance failures.
December 23, 2019 -
723AML / KYCBCBS Solicits Comments on Prudential Treatment for Crypto Assets
The BCBS proposes to allocate direct crypto-asset holdings to the banking book, and indirect exposures to the trading book, while prohibiting the use of internal models to calculate market risk.
December 12, 2019 -
394SingaporeEmployee Credit Checks by FIs Are Appropriate: MAS
It is entirely appropriate for FIs to assure themselves that their employees and representatives are in good financial standing, the MAS says.
November 29, 2019
