by Argus | Compliance, Financial Institutions, Monthly Newsletter, Regulatory Compliance
Articles and Events Summary Training Requirements for Financial Institutions As per MAS’ Notice on Prevention of Money Laundering and Countering the Financing of Terrorism, financial institutions are required to ensure that their employees, officers and...
by Argus | News, Ongoing Compliance
Every year ACRA provides guidelines to ensure companies comply with existing financial reporting standards. On 21 Nov 2019, ACRA has released the Financial Reporting Practice Guidance No. 2 of 2019, which highlights three financial reporting areas that directors...
by Argus | Compliance, Financial Institutions, News
The Monetary Authority of Singapore (MAS) has imposed a civil penalty on UBS for acts by its client advisors that breached section 201(b) of the Securities and Futures Act (SFA). Under this section, no person shall, directly or indirectly, in connection with...
by Argus | Compliance, Financial Institutions, News
Swiss Bank UBS has been fined HK$400 for overcharging up to 5000 clients for nearly a decade and other serious systematic internal control failures, The Hong Kong Security and Futures Commission (SFC) said in a statement issued on 11 Nov. During an investigation, the...
