All posts tagged "Monitoring"
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606AML / KYCNew York Regulator Fines Deutsche Bank for AML Failures
Deutsche Bank has been fined $150mn for its dealings with known sex trafficker Jeffrey Epstein and its correspondent banking relationships with Danske Bank Estonia and FBME Bank.
July 8, 2020 -
1.6KAML / KYCEconomic Downturn Presents Opportunities for Corporate Fraud
Drawing from the Fraud Triangle Theory, Alvarez & Marsal's Chris Fordham discusses how the current crisis has created a perfect storm for fraud and misconduct.
July 3, 2020 -
1.1KFintech / RegtechRBI Issues Guidelines on Use of Digital Lending Platforms
Digital lending platforms often do not disclose the name of the bank or NBFC providing the loaned funds. Under the new rules they will have to.
June 26, 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 -
1.3KFintech / RegtechFMSB Issues Statement of Good Practice on Algo Trading
The FICC Markets Standards Board sets out 10 Good Practice Statements for market participants and venue operators engaged in algorithmic trading in a new transparency draft.
June 25, 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 -
1.1KFeatured ArticlesBest Practice for Tackling Shareholder Disclosure Rules
As regulators seek ways to protect domestic assets during this economic downturn, experts from Deloitte, BlackRock and AxiomSL outlined common-sense advice on how to handle rapid regulatory change.
June 16, 2020 -
419India
RBI Updates Oversight Framework for FMIs, Retail Payment Systems
The framework details the oversight objectives, supervisory processes and assessment methodology the RBI will apply to financial market infrastructures and retail payment systems.
June 14, 2020 -
1.6KAML / KYCAre Criminals Winning at Covid-19? Not Without a Fight
Advances in digital identification technology can mitigate the unpleasant rise in pandemic-related financial crime. A top regulator, banker and lawyer join forces with Refinitiv to discuss how.
May 27, 2020 -
636AML / KYCWestpac Files Defence in Federal Court on its AML/CTF Failures
While Westpac made a number of admissions regarding AUSTRAC's claims, the bank said the majority of its international money transfers were correctly reported.
May 16, 2020
