by Argus | Anti Money Laundering, News, Ongoing Compliance, Regulatory Compliance
Nordic banks pool resources to centralize KYC checks The six major banks of the Nordic region are joining forces to set up a customer checking center to centralize KYC process (Know-Your-Customer) and fight money laundering more effectively. This comes after a money...
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 | 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 | Compliance, Financial Institutions, News, Regulatory Compliance
MAS issues Prohibition Orders against three people for fraud The Monetary Authority of Singapore has issued yesterday Prohibition Orders against three individuals for their fraudulent and dishonest conduct while carrying out their duties. Two former bank employees and...
by Argus | Compliance, Financial Institutions, Regulatory Compliance
The Hong Kong Monetary Authority (HKMA) approves three Virtual banking licenses The Hong Kong Monetary Authority (HKMA) has granted virtual banking licenses on 27 March 2019 under the Banking Ordinance to Livi VB Limited, SC Digital Solutions Limited and ZhongAn...
by Argus | Compliance, News, Regulatory Compliance
SFC fines UBS $375 million and suspends its licence for one year for sponsor failures Regulatory Compliance enforcement action. The Securities and Futures Commission (SFC) has reprimanded and fined UBS AG and UBS Securities Hong Kong Limited (UBS Securities Hong Kong)...
