- Posts in July, 2020
Whilst the world continues to adapt to the ongoing COVID-19 pandemic, Compliance Officers and MLROs must continue to remain vigilant to areas of risk. This download provides you with guidance on how to evaluate your current control environment, suggests additional risks you should be aware of and gives you details of the actions you can take to update and enhance your control environment.
The DIFC are front runners in the region when it comes to the proposal to introduce data protection laws more aligned with the GDPR and ultimately, this is the way that things are going to progress. Whether you are a firm in the DIFC or elsewhere in the region, it is best to take the proposed legislation on board now rather than later.
This edition includes - DFSA and Deloitte Middle East Publish Discussion Paper on Digital Assets Custody, ADGM and FSRA Make Amendments to Regulations, SCA Launches a New Version of its Digital Platform, FATF Proposes Amendment to Recommendation 1 to Include Proliferation Financing Risk, Deutsche Bank Fined $150million for Compliance Failures.
This edition includes - FCA Guidance on Assessing Adequate Financial Resources, PRA Statement on Electronic Signatures, ESMA Guidance on Compliance Function Under MiFID II, Official Journal Amended List of High-Risk Third Countries, FCA Fines Lloyds Bank Plc, Bank of Scotland Plc and The Mortgage Business Plc.