All posts tagged "Oversight"
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72AML / 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 -
294FeatureHKMA Issues Draft Guideline for Banks on Climate Risk Management
The guideline includes expectations on governance, strategy, risk management and disclosure. The HKMA plans to allow a 12-month period for implementation.
July 21, 2021 -
91Australia & NZAPRA, ASIC Call on Super Trustees to Police Advice Fees
Trustees should have in place processes and a robust assurance framework to ensure fee deductions from superannuation accounts are appropriate.
July 7, 2021 -
85AML / KYCECA Warns of Weaknesses in EU’s AML/CFT Regime
AML/CFT efforts are hindered by institutional fragmentation and poor co-ordination at EU level, among other weaknesses.
July 3, 2021 -
74Australia & NZAustralia Introduces Bill to Improve Financial Advice
FASEA's functions will transfer to the Treasury and ASIC. New disciplinary and registration systems for financial advisers will apply from January 2022.
July 1, 2021 -
65ChinaCBIRC Bans Ex-President of Sichuan Trust for 8 Years
Former Sichuan Trust president Chen Jun is being punished for his role in the firm's failure to repay investors about CNY 25 billion.
June 30, 2021 -
151EnforcementSGX RegCo Set to Expand Enforcement Powers
From 1 August, SGX RegCo will be able to issue public reprimands, require issuers to comply with specified conditions, and demand director resignations.
June 25, 2021 -
111Australia & NZNZ FMA Unimpressed With Liquidity Practices at Funds
The FMA says liquidity stress tests are not being performed frequently enough and fund managers do not have sufficient liquidity management tools.
June 24, 2021 -
212AML / KYCWEF Offers Framework to Help Prevent Illicit Financial Flows
The "Unifying Framework" published this month sets out five core practices for gatekeepers to use to identify and respond to potential illicit activity.
June 16, 2021 -
192InternationalStandard-Setters Launch Plan to Improve Global Audit Quality
Implementation of the plan will take three years and result in overall improvements to the international audit-related standard-setting system.
June 8, 2021
