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| Global

Evolution of female leadership in risk management and compliance

This article by Liz Berger was featured in the 2024 Risky Women Writing Competition, presented in partnership with Bovill Newgate. She examines the evolving role of women in Governance, Risk,…

| Global

Making a difference: How GRC enables meaningful work

This article by Tina Chugani was an honorable mention in the 2024 Risky Women Writing Competition, presented in partnership with Bovill Newgate. She explores the meaningful impact of GRC professionals, highlighting their…

| Asia

Unpacking the new OTC derivatives regime: what you need to know

The HKMA and SFC have released a conclusion paper on 26 September 2024 regarding enhancements to the over-the-counter derivatives reporting regime. Following a consultation paper published in March 2024, the…

| Asia

Deadline approaches to comply with new SFC market sounding guidelines

A two-month public consultation on the Proposed Guidelines for Market Soundings was initiated by the SFC in October 2023, These guidelines aimed to help intermediaries comply with the principle of…

| Asia

MAS getting serious with AML/CFT compliance

The MAS released a guidance paper on 30 October 2024 setting out its supervisory expectations and good practices for effective anti-money laundering and countering the financing of terrorism. The inspections…

| Asia

Asia Newsletter | October 2024

NEWSLETTER: Market integrity seems to be a recurring theme from the regulators lately, featuring across multiple fronts. The recent SFC circular shares a laundry list of shortcomings including conflicts of interest, risk…

| Asia

Re-assessment of accredited investor eligibility

The MAS has capped the value of digital payment tokens that can comprise an individual’s net personal assets when determining accredited investor eligibility. The changes came into effect on 4th…

| Asia

SFC reinforces integrity expectation and shows determination to combat industry misconduct

The SFC has issued a new circular flagging various deficiencies and substandard conducts. These weaknesses were identified during its supervision of asset managers engaged in managing private funds and discretionary…

| Asia

Getting your BCM audit on track

With the 6 June audit deadline behind us, firms should have conducted their first Business Continuity Management audit to ensure they comply with the regulatory guidelines, and that the plan…

| Asia

Binance AML failures intensify virtual asset scrutiny

In a major setback for the world’s largest cryptocurrency exchange, a federal judge has ruled that the bulk of the SEC’s lawsuit against Binance can move forward. A recent class…

| Asia

Asia Newsletter | August 2024

NEWSLETTER: While the recent, global IT outages are already feeling like a distant memory, the reminder of what can go wrong when operational risks emerge continues to linger. Our global…

| Asia

IA steps up AML scrutiny of insurance industry with HK$23 million penalty

The IA has imposed a HK$23 million pecuniary penalty on insurer AIA International for its lapses and deficiencies in anti-money laundering (AML) and counter-terrorist financing (CFT) oversight, highlighting the need…