An AMLC review found deficiencies including excessive manual processes, high false positives, and a lack of understanding of how sanctions screening systems operate.
May 14, 2023SEBI says market infrastructure institutions, being systemically important, require their own IT systems testing framework.
May 10, 2023ASX is consulting on enhancements to its test strategy, interconnectedness with other market operators, and its BCP strategy.
March 2, 2023The testing framework assumes a September 2024 implementation date. Testing dates may have to change as regulators have not yet confirmed an implementation date.
January 30, 2023Brokers are directed to assign one or more MICs to oversee the implementation of the Data Standards, which was meant to be completed in April 2021.
December 23, 2022The interoperable regulatory sandbox will enable firms to test innovative products and services that fall under multiple financial sector regulators.
October 18, 2022Regulated intermediaries are asked to get ready for the testing, which is mandatory. The HKIDR is expected to be implemented in the later part of Q4 2022.
April 27, 2022The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.
April 26, 2022The next software release from technology provider Digital Asset has been delayed by three months, impacting the project schedule.
March 29, 2022Data verification firms were found to have tampered with emissions reports, published fake testing data, and fabricated coal samples sent for testing.
March 21, 2022