Strengthening AML/CFT Frameworks: Reinforcing Singapore’s Defenses Against Money Laundering and Terrorism Financing

In early 2022, the Singapore police force launched a comprehensive and coordinated investigation into a group of individuals operating covertly.…
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Compliance Alert: Key MAS Regulatory Reminders for Year-End 2024

As we approach the end of 2024, this update serves as an important reminder of key regulatory requirements from the…
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Strengthening governance and AML standards: Key insights from recent SFC and MAS Circulars

The Securities and Futures Commission (“SFC”) and the Monetary Authority of Singapore (“MAS”) have issued significant guidance to address ongoing…
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Regulatory Update November 2024 – APAC Region

This APAC regulatory update includes – Monetary Authority of Singapore ("MAS") is implementing mandatory reference checks for Financial Institutions ("FIs"),…
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Regulatory Update November 2024 – ME Region

This edition includes – Dubai Financial Services Authority issues Dear SEO Letter 'Key Themes and findings from the Cyber Thematic…
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ESMA sets Guidelines for ESG and Sustainability-Related Fund Names

The European Securities and Markets Authority (“ESMA”) has issued guidelines on funds’ names using environmental, social and governance ("ESG") or…
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FCA Guidance on Consumer Duty Reports

The Financial Conduct Authority (“FCA”) has today issued the findings from its review into firms’ approaches to completing the first…
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Regulatory Update November 2024 – UK Region

This UK regulatory update includes – FCA consults on investment research payment optionality for fund managers, Home Office issues guidance…
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Cyber security trends to watch in 2025 - predictions and preparations

As 2024 draws to a close, the cyber security landscape continues to evolve at a rapid pace. Businesses, governments, and…
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FINRA renewal reminder

Firms are required to renew their Financial Industry Regulatory Authority (FINRA) registrations on an annual basis, beginning in the fourth…
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Regulatory Update October 2024 – UK Region

This UK regulatory update includes – FCA publishes Market Watch 80, Interim Regulatory Initiatives Grid published, FCA publishes the results…
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Corporate Transparency Act

The Corporate Transparency Act (CTA) requires certain entities (known as "Reporting Companies") to report Beneficial Ownership Information (BOI) to FinCEN,…
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Regulatory Update October 2024 – APAC Region

This APAC regulatory update includes – updates on Singapore’s national AML strategy, AML/CFT supervisory expectations from recent inspections, FAQs on…
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UK Chancellor’s Mansion House Speech: Points of Interest for FCA-Regulated Firms

In her inaugural Mansion House speech, UK Chancellor Rachel Reeves outlined a comprehensive set of plans to grow the UK…
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Regulatory Update October 2024 – ME Region

This edition includes – DFSA Thematic Review on Complaints Handling Key Findings, DFSA publishes Thematic Review for Money Service Providers,…
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SEC adopts amendments to beneficial ownership reporting rules

Compliance Date: Compliance with the revised Schedule 13G filing deadlines was mandated on September 30, 2024. Compliance with the structured…
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Incident response planning - navigating cyber security emergencies

In today’s cyber landscape, where threats are becoming increasingly complex and frequent, having an incident response plan ("IRP") is essential…
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