All posts tagged "Monitoring"
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107KoreaNew Rules for PE Funds Take Effect in South Korea
The revised rules improve investor protection and subject private equity funds to increased monitoring and external audits.
October 23, 2021 -
278AML / 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 -
144Asia-PacificCBSL Roadmap Outlines Six Month Plan to Stabilise Sri Lanka
Export proceeds must be repatriated and converted to local currency. The loan moratorium will be unwound gradually. Liquidity support will be provided to banks.
October 7, 2021 -
208Asia-PacificBOT Issues New Data Governance Guidelines for Banks
The guidelines set out a data governance approach that encompasses five aspects, allowing for flexibility to cater to the specific nature of a bank’s operations.
October 4, 2021 -
178AML / KYC
PBOC Directs Banks to Offer ‘Simple’ Account Opening
Banks are asked to relax documentary requirements and provide simple personal account opening services, making use of external data to verify customer identities.
October 4, 2021 -
147AML / KYCBSP Updates e-KYC Guidelines for Financial Institutions
The guidelines include national digital ID system PhilSys as an accepted method for verifying customer identities, subject to proper authentication.
October 3, 2021 -
215Big PictureFMSB Offers Guidance on Mitigating Risks of Hybrid Working
In a new Spotlight Review, the FMSB outlines steps firms can take to promote equivalent conduct outcomes in a hybrid environment.
October 3, 2021 -
153InternationalFSB Launches New Financial Stability Surveillance Framework
The new framework will further enhance the FSB’s ability to identify and address financial system vulnerabilities in a proactive manner.
October 1, 2021 -
307ChinaPBOC Intensifies Crackdown on Cryptocurrency Activity
Services for virtual currency transactions are deemed illegal, including those provided to Chinese residents by overseas crypto exchanges.
September 25, 2021 -
229Australia & NZASIC Warns of Social Media ‘Pump and Dump’ Campaigns
ASIC calls on market participants and listed companies to be on the lookout for and report suspected ‘pump and dump’ activity in listed securities.
September 23, 2021
