All posts tagged "Monitoring"
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51IndiaSEBI Requires Segregation, Monitoring of Collateral at Client Level
The framework seeks to address previous instances of brokers defaulting and misusing clients' securities and funds.
July 28, 2021 -
148AML / KYCHKMA Issues Guide for Regtech Adoption in Customer Monitoring
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021 -
63AML / 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 -
97Capital RegulationBCBS to Amend Process for Reviewing G-SIB Methodology
The BCBS plans to replace the existing three-year review cycle of the assessment methodology with a process of ongoing monitoring and review.
July 21, 2021 -
218AML / KYCFATF Examines Technology Use in AML/CTF Efforts
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain "very important".
July 5, 2021 -
97AML / KYCFSC Korea Concerned of Embezzlement by Crypto Exchanges
As the 24 September deadline for VASPs to register their businesses approaches, some businesses may close down, presenting risks to customer deposits.
July 3, 2021 -
60Australia & NZFMA Finds Improved Regulatory Arrangements at NZX
The overall design of NZ RegCo is a notable improvement on prior arrangements, FMA said in an annual review of NZX.
July 2, 2021 -
73Asia-PacificPhilippine SEC Threatens Online Lenders with Licence Revocation
The threat is aimed at lending and financing companies that have failed to register and disclose their online lending platforms.
June 30, 2021 -
230AML / KYCFATF Issues Guidance on Mitigating Proliferation Financing Risk
The guidance highlights the need for effective onboarding processes, ongoing monitoring, staff training, risk management, sanctions screening, and a strong compliance culture.
June 30, 2021 -
207FeatureFinancial Advice Standards Have Improved, MAS Finds
Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.
June 23, 2021
