by Argus | Financial Institutions, Fund Management Company, Ongoing Compliance, Regulatory Compliance
Corporate Governance Requirements in Singapore A quick definition of Corporate Governance Corporate Governance is a general term encompassing all the directives, processes and rules which characterized “the system by which companies are directed and controlled”...
by Argus | Anti Money Laundering, News, Payment Services Bill, Regulatory Compliance
Crypto regulation: FinCEN Fines Virtual Currency Exchanger The Financial Crimes Enforcement Network (FinCEN) announced last week that it has fined Eric Powers, the operator of a peer-to-peer exchanger of convertible virtual currency, for willfully violating the Bank...
by Argus | Compliance, Financial Institutions, Regulatory Compliance
Regulatory compliance in Singapore: Legal Entity Identifier A Legal Entity Identifier (LEI) is a number given to a legal entity to identify without ambiguity all the parties in a financial transaction across the globe. It is a unique 20 digits alpha-numeric code,...
by Argus | Anti Money Laundering, News, Regulatory Compliance
Standard Chartered fined $1.1bn for money-laundering and sanctions breaches The British bank has agreed to pay $947m to American authorities over allegations that it violated sanctions imposed against Burma, Zimbabwe, Cuba, Soudan, Syria and Iran. Separately, it was...
by Argus | Financial Institutions, News, Payment Services Bill, Regulatory Compliance
MAS Releases Consultation Paper on Proposed Payment Services Regulations The Monetary Authority of Singapore (MAS) released yesterday a new consultation paper on payment services regulations, calling for comments from any interested parties such as Financial...
