All posts tagged "Reporting"
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631AML / KYCCiti Sent 99pc of Westpac Transfers That Breached AUSTRAC Requirements
Citi is not under investigation, though AUSTRAC has criticised the bank for not providing sufficient information about the payments and the source of funds.
December 4, 2019 -
200MalaysiaSC Malaysia Releases Five-Year Sustainable Investment Roadmap
The Securities Commission has released a roadmap charting out Malaysia’s path to becoming a regional leader in sustainable and responsible investment.
November 27, 2019 -
295Capital RegulationSignificant Variation Among Banks in HKFRS 9 Reporting – Study
Only some banks have been able to fully address the HKFRS 9 financial disclosure requirements, according to a new study from Mazars Hong Kong.
November 26, 2019 -
264AML / KYC
UPDATED – Westpac Announces Plan to Address AML/CTF Failings
Westpac is determined to urgently fix the issues raised by AUSTRAC and lift its standards. ASIC and APRA have begun investigations into the bank.
November 26, 2019 -
1.1KAustralia & NZEFS Reporting for Derivatives to Start in Q3 2020: APRA
APRA has determined that only ANZ, BNP Paribas, Citibank, CBA, Deutsche Bank, HSBC, JP Morgan, Macquarie, MUFG, NAB, Sumitomo Mitsui and Westpac will be required to report under ARS 722.0.
November 23, 2019 -
178Australia & NZ
APRA Seeks Standardised Quarterly Reporting Dates
The proposed standardised due date is 35 calendar days after the last day of the reference quarter, which will create a 14 calendar day extension for credit unions and building societies.
November 13, 2019 -
286Capital RegulationChina Rules on NSFR, Large Exposures Assessed as Basel-Compliant
The RCAP assessments found that the NSFR and large exposure regulations in China are compliant with the BCBS global standards, the highest possible grade.
November 11, 2019 -
591AML / KYCMalaysia Proposes Cash Payment Limit to Curb Financial Crime
The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.
November 8, 2019 -
1.0KAML / KYCAustralia Has an IFTI Problem
Australia’s approach to international payments needs to change, and reporting entities need to update their legacy systems for better reporting, say Eric Knight and Nick Armstrong.
November 8, 2019 -
277Australia & NZASIC Extends Deadline for Super Fund Portfolio Disclosures
The first reporting day for portfolio holdings disclosure was set for 31 December this year, but the regulations which set out how this disclosure is to be organised have not yet been made.
October 31, 2019
