All posts tagged "Monitoring"
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54Fintech / RegtechFSC Korea to Create Policy on Use of AI in Financial Services
The policy seeks to improve fairness and transparency, and protect consumers from newly emerging financial crimes.
April 15, 2021 -
99Feature
Korea Set to Introduce Tougher Penalties for Illegal Short Selling
Illegal short sellers can face fines of up to 100% of the amount of the short selling order, imprisonment for a year or more, and additional penalties up to five times unfair profits.
April 7, 2021 -
384AML / KYCPBOC, SWIFT to Establish Cross-border Payment Stability
The PBOC's joint venture with SWIFT will build a localised messaging network to provide Chinese FIs with a more stable connection to the main SWIFT network.
March 25, 2021 -
133AML / KYCFCA Files Criminal Proceedings Against NatWest for AML Failures
NatWest is facing criminal charges for not adequately monitoring and scrutinising large payments into a corporate client's accounts.
March 19, 2021 -
105Asia-PacificOJK Signs Cooperation Agreements With AMDB, OECD
The agreement with AMDB will enhance cooperation including in the supervision of financial institutions in Indonesia and Brunei.
March 13, 2021 -
266AML / KYCNew Report Identifies 11 Indicators of Modern Slavery Risk
Based on an analysis of globally prosecuted cases of modern slavery, FairSupply Analytics has identified 11 indicators to help FIs detect modern slavery.
February 23, 2021 -
402Big PictureSingapore Rated Asia’s Top Regulatory System, Followed by Hong Kong
Duff & Phelps survey respondents rated the UK as the world’s top regulatory regime, followed by Singapore and the US, which tied for second place.
February 18, 2021 -
116ChinaChinese Premier Signs Decree on Preventing Illegal Fundraising
New regulations set to take effect in May will enhance monitoring and penalties for illegal fundraising activities, with an emphasis on prevention and early detection.
February 16, 2021 -
437AML / KYCJapan FSA to Roll Out New AML System in Fiscal 2021
The FSA will share access to the new system, which will use AI to monitor for unusual transactions and persons suspected of illegal activity.
February 12, 2021 -
115AML / KYCBSP Warns Banks Against Unlicensed Gaming Operators
FIs should ensure they have robust risk management and due diligence frameworks in place to prevent transactions with illegal online gambling operators.
February 11, 2021
