All posts tagged "third parties"
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709Market InfrastructureMAS Finalises Revisions to BCM Guidelines for FIs
FIs have until 6 June 2023 to meet the requirements of the revised guidelines, and until 6 June 2024 to conduct their first BCM audit.
June 7, 2022 -
1.0KEnforcementTechnology and Regulations Clash: Apple Vs EU Antitrust Law
European Commission has not shown cause for anti-trust allegations as consumers strongly support Apple payment technology, writes Peter Guy.
May 5, 2022 -
799FeatureNew Data Protection Requirements Enter into Force in Japan
Japan's revised law on the protection of personal data raises penalties for non-compliance, tightens breach reporting requirements, and gives data subjects additional rights.
April 3, 2022 -
651Big PictureBCBS Expresses Concerns About Fourth Party Technology Risks
Banks and supervisors are concerned that a lack of complete supply chain transparency may increase operational risk.
April 1, 2022 -
610AML / KYCSFC Fines Emperor Securities, Emperor Futures for AML Breaches
Emperor processed third party fund transfers without validating the relationships between the clients and the third parties, or the reason for the transfers.
March 17, 2022 -
544FeatureMAS to Raise Corporate Finance Due Diligence Standards
The new rules will require corporate finance advisers to establish a governance framework for due diligence which includes ensuring the veracity of information obtained.
December 16, 2021 -
521ChinaCSRC to Expand Sponsor Obligations on Due Diligence
New draft guidelines seek to ensure better quality information disclosures for listed companies by expanding the scope of sponsors' responsibilities.
November 24, 2021 -
368FeatureMAS Consults on Revisions to BCM Guidelines
The guidelines emphasise the need for FIs to take an end-to-end view in ensuring the continuous delivery of critical business services and functions.
October 23, 2021 -
381AML / KYCCorruption, Bribery Seen as Key Challenges in 2020: Kroll
A Kroll survey found that 82% of senior decision-makers for risk strategy felt corruption significantly impacted their organisations in 2020.
September 21, 2021 -
480Fintech / RegtechRBI Account Aggregator Framework Brings Open Banking to India
Eight banks have joined the account aggregator network, which enables consumers to share financial data with third parties in a safe and secure manner.
September 13, 2021
