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| Asia

Asia Newsletter | August 2024

NEWSLETTER: While the recent, global IT outages are already feeling like a distant memory, the reminder of what can go wrong when operational risks emerge continues to linger. Our global…

| Americas

US Newsletter | August 2024

NEWSLETTER: Being the subject of an SEC examination isn’t an experience many firms forget. We look at how mock examinations can prepare your people and uncover aspects of your compliance programme that…

| UK & Europe

UK Newsletter | August 2024

NEWSLETTER: It doesn’t seem that long ago since the FCA wheeled out their new four-year strategy, with being a ‘data-led regulator’ as a central element. Now over two years in,…

| Asia

IA steps up AML scrutiny of insurance industry with HK$23 million penalty

The IA has imposed a HK$23 million pecuniary penalty on insurer AIA International for its lapses and deficiencies in anti-money laundering (AML) and counter-terrorist financing (CFT) oversight, highlighting the need…

| UK & Europe

Insurance thematic review urges firms to re-evaluate frameworks

The FCA has recently published a thematic review covering 67 manufacturers and distributors of general insurance and pure protection products. The regulator’s disappointment with the lack of progress is evident…

| UK & Europe

Firms feeling the heat of the FCA’s data-led approach

The FCA announced its move to a model of being a data-led regulator in 2020, using data and analytics more effectively to help regulate firms under its oversight. Now 3…

| Asia

New LFMCs required to submit quarterly MAS returns for first time

Since the MAS repealed its RFMC regime on 1st August 2024, all successful applicants became Licenced Fund Management Companies overnight. Firms now face important changes to compliance obligations, including being…

| UK & Europe

The importance of a mock exam

Most will be aware that the major way the SEC enforces its mission of ‘making a positive impact on the US economy, capital markets, and people’s lives’ is through its…

| UK & Europe

Tackling market abuse: Constructing controls for wealth and investment managers

Acting as a vital access point to financial services for retail customers, wealth managers, investment managers, and financial advisors may face the market abuse risks present for other groups such…

| UK & Europe

First CASS audit quality final notice issued by FCA

The FCA has issued its first final notice to an audit firm in relation to the performance of a CASS audit. This demonstrates the regulator’s continuing focus on quality in…

| UK & Europe

Cross-border compliance: navigating UK and US compliance

For firms operating in the UK and US, or seeking to expand on the other side of the Atlantic, navigating the regulatory frameworks across jurisdictions can often be complex due…

| Asia

SFC enforcement on insider trading and ramp-and-dump cases

The SFC has been pushing enforcement efforts to uphold market integrity, with an increase in criminal prosecution for investigations at the District Court and the Court of First Instance. With…
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