All posts tagged "Internal controls"
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269AML / KYCFATF Re-rates China on Six Recommendations
The FATF acknowledges work underway to revise China's AML laws to bring DNFBPs into scope and set a foundation for a new beneficial ownership regime.
October 11, 2021 -
264FeatureSFC Issues New Guidance on Remote Working Risks
The SFC describes incidents that occurred due to failures to split teams amid the pandemic, set up phone recording, and promptly isolate a server compromised by ransomware.
October 5, 2021 -
172Asia-PacificBSP Issues Governance Policy for Operators of Payment Systems
Payment system operators including banks and electronic money issuers have six months to comply with the requirements.
September 22, 2021 -
277EnforcementKorean Tech Giants Told to Comply with Consumer Protection Law
The FSC and FSS have ordered Kakao and Naver to alter or halt the sale of financial products online and register as brokerages by 24 September.
September 15, 2021 -
149ChinaSAC Punishes 19 Institutional Investors Over IPO Pricing Violations
The Securities Association of China and Shanghai Stock Exchange found violations of price-setting rules and procedures for STAR Market IPOs.
August 17, 2021 -
134ChinaCSRC to Increase Scrutiny on Fund Manager Governance
The CSRC will revise certain rulesets and establish a new evaluation system to assess the quality of corporate governance at individual firms.
August 13, 2021 -
244AML / KYCTaiwan FSC Fines Taishin Int’l Bank for Oversight Failures
A Taishin customer relationship manager stole TWD 347 million from nine customers over more than a decade by asking them to sign blank transfer forms.
July 26, 2021 -
223AML / KYCSFC Sanctions Sino-Rich Responsible Officers Over AML Breaches
Sino-Rich Securities & Futures was fined for AML breaches in March. Its CEO and another director have been deemed responsible.
July 20, 2021 -
420Contributed ArticleHong Kong Stock Exchange Issues Revised Enforcement Policy
Herbert Smith Freehills partners explain the implications of the Hong Kong Stock Exchange's updated policy statement on Listing Rule enforcement.
July 16, 2021 -
280AML / KYCJapan FSA, BOJ to Assess AML, Anti-fraud Measures at FIs
The FSA and BOJ are reportedly looking to better understand whether AML, anti-fraud, and cybersecurity measures at FIs are adequate.
July 15, 2021
