In new guidelines, AMAC has specified obligations for fund houses to consider how changes in senior management and core staff could impact reputational risk.
June 23, 2022Kanv Pandit highlights the need for a 'metacode of conduct' to protect metaverse users from loss and fraud until regulation catches up.
June 14, 2022North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
May 20, 2022Firms with securities businesses are expected to draw lessons from the shortcomings observed in the Archegos incident in order to foster a sound risk culture.
April 24, 2022The ABS has launched an industry standard template to help banks engage corporate clients in the assessment and mitigation of environmental risk issues.
April 21, 2022The paper addresses social washing concerns and offers guidance for exchanges on reporting against human-rights related reporting frameworks.
April 20, 2022Banks need BSP approval to enter into material outsourcing arrangements. They must also conduct periodic assessments to ensure outsourcing risks are properly managed.
February 28, 2022APRA wants regulated entities to give compliance risk management the same attention they give to cyber risk, operational risk management and other risk classes.
February 23, 2022The amendments aim to limit the coverage of officers requiring confirmation for appointment and to streamline documentary requirements.
February 21, 2022De-banking activities lead criminal activity underground and compound the risks criminals pose to Australia’s financial system and the community.
October 31, 2021