On the 13th June, CCL Compliance and CCL Academy co-hosted two briefings highlighting the key impacts of MiFID II for Sell-Side and Buy-Side Firms. These complimentary briefings were designed for compliance and training staff of financial services firms.
This edition includes - Conduct Rules to All NEDs in the Banking and Insurance Sectors, Whistleblowing in UK Branches of Foreign Banks, European Parliament Rejects the European Commission Blacklist of States at Risk of Money Laundering, Wolfsberg Group Updates Guidance on Politically Exposed Persons (PEPs), JMLSG Revises Parts II and III of its Risk-Based Guidance in Line with Proposed Money Laundering and Terrorist Financing Regulation
On the 26th June 2017, the Fourth EU Money Laundering Directive (“MLD4”) comes into force across Europe and through the UK’s Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. The legislative change aims to embody the recommendations made by the Financial Action Task Force (“FATF”) and bring the EU to an equivalent standard.
This edition includes - RBI Announces Draft Guidelines on Simplified Hedging Facility for Residents and Non-Residents, Investments by Foreign Portfolio Investors (FPIs) in Government Securities, SEBI Provides Clarity on Insider Trading Norms.
This edition includes - The FCA Publishes its Mission and Business Plan, MiFID 2 – Level 2 Measures Published in the Official Journal of the EU, Court of Appeal Grants the Appeal of the NCA Against Bank Orders Executed Without its Permission
This edition includes - DFSA Hold Outreach Session for Registered Auditors, ADGM Sign CA with MAS, UAE Push for Gender Balance, Australia Establish Multi-Agency Anti-Money Laundering Unit, US Women Found Guilty of Financing Terrorism.
This edition includes - RBI Cancels Certificate of Six NBFCs, Thirteen NBFCs Surrender their Certificate of Registration, RBI Signs Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Central Bank of Nigeria and Bank of Thailand
This edition includes - FCA Quarterly Consultation, Guidance on the Treatment of PEPs Under the Money Laundering Regulations 2017, UK Government Review of AML/CFT Regime, JMLSG Consults on Revised AML/CFT Guidance for the UK Financial Sector, FCA Fines Former Investment Banker for Sharing Confidential Client Information
This edition includes - DFSA Hold Outreach Session on IFRS9, ADGM Sign MoU with CBB, UAE Central Bank Propose New Rules for SME Lending, First Female Chairperson Appointed by Saudi Stock Exchange, BMA Penalise Sun Life Financial Investments.
This edition includes - RBI Cautions Users of Virtual Currencies, Reserve Bank Establishes an Inter-Disciplinary Standing Committee on Cyber Security, Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) (Second Amendment) Regulations, 2017
This edition includes - FCA Discussion Paper on Illiquid Assets and Open-Ended Investment Funds, MiFID 2 - HM Treasury Response to Consultation on UK Transposition, ESMA Revised ITS on Position Reporting
In this edition, the DFSA release their 2017/2018 Business Plan, ADGM launch SPV regime, Western Union confess to fraud charges and we see more enforcement action in the 1MDB saga.