All posts tagged "Inspection"
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661AML / KYCWoori Bank, Crypto Exchange Under Probe for Money Laundering
This is the first time that a Korean virtual asset exchange and a bank have been used as channels for money laundering, an official said.
June 30, 2022 -
558Fintech / RegtechRBI Issues Draft Rules on Managing IT Outsourcing Risks
Regulated entities don't require specific approvals to outsource IT services, but appropriate policies and a risk management framework must be in place.
June 29, 2022 -
570Australia & NZRBNZ Defers Effective Date of New Insurance Solvency Standards
The interim standard will come into force on 1 January 2023. The RBNZ is also consulting on the penalties and enforcement tools it has available for supervising insurers.
March 11, 2022 -
526Hong KongHong Kong FRC Consults on New Regulatory Powers
The FRC will extend the scope of its oversight to all practicing auditors and accountants, instead of just those servicing listed companies.
March 10, 2022 -
1.3KChinaChina to Launch Nationwide Credit Risk Classification System
Every enterprise will be categorised according to their risk profiles. The grades will be used to signal risk and early warnings.
January 21, 2022 -
254Hong Kong
Hong Kong FRC Continues to Find Auditing Irregularities
The most common auditing irregularities involved failures to perform engagement quality control reviews adequately, and to obtain sufficient audit evidence.
November 9, 2021 -
476EnforcementMAS Proposes to Enhance Investigative, Supervision Powers
New powers will allow MAS to issue legally-binding directions to FIs in relation to unregulated business in bitcoin futures and other payment token derivatives traded on overseas exchanges.
July 5, 2021 -
235Hong KongHKMA Issues SPM on Supervision of Banks’ Insurance Business
The HKMA's enforcement standards with respect to insurance intermediary business of banks mirror those adopted by the IA.
July 2, 2021 -
340EnforcementKorea FSS Seeks Prosecution of Hana Financial CEO
The regulator said it discovered illegal trading activities by CEO Lee Jin-kuk during an inspection of Hana Financial Investment last year.
February 9, 2021 -
645KoreaKorea FSS to Inspect Shinhan Governance This Month
The FSS is reportedly looking into Shinhan’s governance structure ahead of the end of its current chairman’s term in March 2020.
October 8, 2019
