| Asia | Publications
NEWSLETTER: As the last quarter of the year progresses we see no signs of the regulators slowing down.
In Singapore, the MAS have updated their cross-border approach for foreign related corporations meaning that prior approval is no longer required. Anyone affected should make sure they’re familiar with the new ‘Exemption Framework’.
In Hong Kong, the long awaited consultation conclusions to the Guideline on AML and CFT have been published, with intermediaries expected to have implemented most changes by 30th September. Our recent webinar looked at how to put in place an institutional risk assessment to meet the SFC requirements. If you missed it a recording is available here.
As the industry continues to adapt to the new normal through new technology and remote working arrangements, it’s vital to identify and mitigate new risks. The SFC has followed the MAS in setting out its expectations, publishing a report outing standards for intermediaries. Our paper: Operational resilience in the new normal, outlines the framework for operational resilience in a remote working environment, helping you align governance, culture, controls, outsourcing, business continuity, IT resilience data & cyber security, and people risk.
Rebecca Thorpe
Head of Asia
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