Search Results for: Singapore
10 results out of 893 results found for 'Singapore'.
HK BEAUTY MARKET HAS STRONG BASIS FOR GROWTH – BUT COULD BE KNOCKED OFF COURSE BY POLITICAL INSTABILITY
WHILE the future of Hong Kong’s political stability hangs in the balance given the long-term protests that have been wracking the territory, its underlying economy seems to be just holding together, with DBS Bank, for instance, in August projecting zero economic growth.…
MAJOR COMPANIES FACE STRUCTURAL EXPOSURE TO SOUTH EAST ASIAN ORGANISED CRIME
DOING business in many southeast Asian countries is becoming increasingly challenging, with major companies being exposed to increasingly sophisticated financial crime and widespread corruption. Poorna Rodrigo reports.
COMMERCIAL crime in southeast Asia is fuelled by the fact that it contains wealthy and medium-income well-regulated jurisdictions, alongside weakly-regulated, corruption-heavy poorer countries.…
GROUNDBREAKING INTERNATIONAL STUDENT PROGRAMME DELIVERS INNOVATIVE AND EXPANDABLE COMMUNITY SOLUTIONS TACKLING GLOBAL PROBLEMS
THE EMPATHY, connectedness and flexibility skills taught to students during an innovative international problem solving programme at the USA’s University of Oregon (UO) have manifested themselves in three prize-winning solutions to community problems.
These focused on environmental degradation, social inequality and public health, with students having 10 days this month to develop groundbreaking ideas for action at an Association of Pacific Rim Universities (APRU) Undergraduate Leaders Program.…
INNOVATIVE INTERNATIONAL UNIVERSITY STUDENT COLLABORATION SHOULD HELP DEVISE KEY PROBLEM-SOLVING SOLUTIONS FOR PRESSING GLOBAL ISSUES
STUDENTS from top Pacific Rim research universities have embarked on an innovative programme of problem solving, designed to create fresh solutions on pressing socio-economic problems that leverage leadership skills and community contacts.
The University of Oregon (UO), in Eugene, Oregon, welcomed 50 undergraduate students from 30 universities based in the Pacific Rim region, including from the USA, Canada, Mexico, Chile, Japan, Australia, and more.…
HIGH DEMAND FOR TRAINED AML PROFESSIONALS IS KEEPING PAY LEVELS HEALTHY
WITH anti-money laundering and combating the financing of terrorism (AML/CFT) controls becoming ever more comprehensive, strategic and widespread, the demand for trained AML/CFT professionals is growing. Salaries are increasing, as a result. This good compensation reflects the fact that AML work is becoming increasingly demanding because of regulatory requirements, said Michael Harris, director, financial crime compliance, at LexisNexis Risk Solutions.…
ASIAN REGULATORY ROUND UP – HONG KONG AND CHINA STRIKE DEAL OVER ACCESS TO AUDIT WORKING PAPERS
A MEMORANDUM of understanding (MoU) has been signed by the Hong Kong Securities and Futures Commission (SFC) with China’s ministry of finance and the China Securities Regulatory Commission (CSRC) boosting SFC access to audit working papers from audits of HK-listed mainland companies.…
SWITZERLAND RAISES AML/CFT GAME AS 1MDB SCANDAL CONTINUES TO HARM ITS BANKS
In April (2019), Switzerland’s highest court (the federal tribunal) ordered that Zurich-based Falcon Private Bank hand over Swiss Francs CHF2.5 million (USD2.5 million to Switzerland’s Financial Market Supervisory Authority (FINMA) for its involvement in the global money laundering (ML) scandal involving state-owned Malaysian investment fund, 1Malaysia Development Bhd (1MDB).…
REGULATORS STARTING TO ENCOURAGE FINANCIAL INSTITUTIONS TO EXPERIMENT WITH AI MONITORING OF SUSPICIOUS TRANSACTIONS
Regulators have started to actively encourage financial institutions to experiment and use machine learning to detect suspicious activity.
US regulatory authorities have called for innovative approaches to meet AML compliance obligations “to further strengthen the financial system against illicit activity”.
In a joint statement, the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation; USA FIU the Financial Crimes Enforcement Network (FinCEN); the National Credit Union Administration, and the Office of the Comptroller of the Currency announced their support for innovative technology development last December.…
REGULATORS STARTING TO ENCOURAGE FINANCIAL INSTITUTIONS TO EXPERIMENT WITH AI MONITORING OF SUSPICIOUS TRANSACTIONS
Regulators have started to actively encourage financial institutions to experiment and use machine learning to detect suspicious activity.
US regulatory authorities have called for innovative approaches to meet AML compliance obligations “to further strengthen the financial system against illicit activity”.
In a joint statement, the Board of Governors of the Federal Reserve System; the Federal Deposit Insurance Corporation; USA FIU the Financial Crimes Enforcement Network (FinCEN); the National Credit Union Administration, and the Office of the Comptroller of the Currency announced their support for innovative technology development last December.…
JAPAN CLOTHING BRANDS’ PAST SOURCING DIVERSIFICATION HAS PROTECTED THEM FROM US-CHINA TRADE WAR
JAPAN clothing brands have protected themselves in advance against exposure from the US-China trade war by decreasing their reliance on China-based manufacturing outposts in recent years. This sourcing diversification has occurred initially because of rising costs in China.
According to the Japan Apparel Fashion Industry Council (JAFIC), this movement away from Japan means the impact on Japanese textile and apparel companies from US tariffs imposed by the Trump administration on China-made exports would be “slight”.…