The Monetary Authority of Singapore (MAS) sets out a high regulatory yardstick to ensure that the relevant risks faced by all stakeholders are adequately mitigated, positively effecting sustainability of the industry. Adherence to these regulations on an ongoing basis...
Goldman Sachs CEO defends compliance culture within the organization Goldman Sachs Chief Executive David Solomon, defended the bank against criticism with regards to compliance and oversight related in their dealings with 1MDB. He said that, “We believe our culture...
Barclays fined over $15m over whistleblowing error New York has fined Barclays an amount of $15m over a whistleblowing error which took place in 2016. The attempts of Mr. Jes Staley to uncover the whistleblower first came to light in April 2017, dealt a new blow for...
Singapore Payment Services Bill- A Brief History The Monetary Authority Of Singapore (“MAS”) regulated various types of payment services under the Payment Systems (Oversight) Act, 2006 (“PS(O)A”) and the Money-Changing and Remittance Businesses Act,1979...
US encourages Banks to innovate in Anti-Money laundering Monitoring The US regulators, have encouraged banks to try out new technologies to innovate in Anti-Money Laundering and other financial crimes. Agencies such as The Federal Reserve, The Federal Deposit...
