Governance, Risk & Compliance Corporates add ESG to financial crime risk screens, bribery and corruption risk seen in carbon offset schemes September 30, 2022 Corporates have added environmental, social and governance (ESG) factors to their financial crime and anti-bribery and corruption (ABC) risk rating systems used to vet clients, suppliers, and third-party introducers. Those… Read more
Governance, Risk & Compliance Cryptos on the rise – a complex regulatory future emerges July 6, 2022 Thomson Reuters Regulatory Intelligence has published a special report “Cryptos on the rise: a complex regulatory future emerges”. In many countries, cryptos appear to be at a legal and regulatory… Read more
Governance, Risk & Compliance OPINION: Cryptocurrency and exchanges – law enforcement changes are needed now July 6, 2022 In the traditional banking world, organisations or individuals will find themselves subject to criminal sanction if they advertise, or provide advice to consumers about, investments or securities without a regulatory… Read more
Governance, Risk & Compliance Hong Kong remains at ‘high risk’ for laundering, says senior official June 6, 2022 Hong Kong’s banking sector remains at “high risk” of being exploited for illicit fund flows, the territory’s most senior anti-money laundering (AML) official has warned. Carmen Chu, head of enforcement… Read more
Governance, Risk & Compliance IMPACT ANALYSIS: MAS enforcement report reveals improvements in enforcement effectiveness June 6, 2022 The Monetary Authority of Singapore (MAS) has released its enforcement report for the period July 2020 to December 2021. The report shows a marked improvement in MAS’ effectiveness in safeguarding… Read more
Governance, Risk & Compliance Singapore to assume FATF presidency April 5, 2022 A senior international advisor at Singapore’s Ministry of Home Affairs is to become the first Singaporean to lead the Financial Action Task Force (FATF) since the city-state joined in 1992.… Read more
Governance, Risk & Compliance 10 things compliance officers must do in the Asia-Pacific region in 2022 April 4, 2022 There has been a heightened regulatory focus in the Asia financial sector where regulators have shifted from a consultative supervisory approach to a more enforcement orientated one. There is zero… Read more
Governance, Risk & Compliance Singaporean, Malaysian regulators take action against corruption, money laundering April 4, 2022 Regulators in Singapore and Malaysia have stepped up their efforts to tackle fraud and corruption cases, following a substantial increase in the instances of graft, forgery and other financial crimes… Read more
Governance, Risk & Compliance Compliance budgets set to remain steady in 2022, poll finds April 4, 2022 Two thirds of compliance teams will have to make do with a stable budget in 2022, despite the more challenging risk landscape, a Regulatory Intelligence poll has found. The live… Read more
Governance, Risk & Compliance Understanding ESG and its impact on companies in 2022 and beyond February 14, 2022 With the 2021 United Nations Climate Change Conference, also known as COP26, held in Glasgow, Scotland, the important topic of climate change comes front and centre. As we set the… Read more