Do you really know your customer? Customer Due Diligence after the Money Laundering Regulations 2017 and the Criminal Finances Act 2017
* How do you ensure you conduct a thorough search for, and provide ongoing monitoring of, adverse information on existing and potential clients?
* How do you prove you are conducting compliant CDD?
Mortgage Club September 2017
FUTURE REGULATION IMPACT (FCA COMPETITION REVIEW)
We will provide an update on cross-border derivative issues including recent developments in the US and the EU. Among the topics to be considered are:
An update on the rollout of the margining rules relating to uncleared derivatives in both the US and the EU;
Ongoing implementation of clearing requirements for OTC derivatives;
What is the current position in relation to exchange trading of derivatives – in particular, what effect will Mifid II have in the EU?
Where are we on substituted compliance/equivalence as between the US and the EU?
Will Brexit and/or the new Trump administration have any effect on the international framework for derivative regulation?
On 25 May 2018, the European General Data Protection Regulation (GDPR) will come into effect – and while it is an European Union’s regulation, it may still affect your organisation here in the Asia Pacific.
But how do you know if your organisation needs to comply with the GDPR, and what is required for compliance? With top level fines of over $20 million for non-compliance, it is better to be safe and sure than sorry.
Join us at our webinar as we discuss:
• How to find out if your company will be impacted by the GDPR
• What is needed to comply with the GDPR
• How the GDPR will be enforced in Asia Pacific
• Capitalising on the GDPR to improve your business
• Real-life issues faced by organisations and how technology can help fix them
Don’t be caught unaware by the GDPR. Register for our webinar today and learn how Symantec technologies help to facilitate GDPR compliance.
Guidance to achieving compliance with new EU regulations
With the EU Regulation 611/2013 for ISP/TelCo operators coming into force, the European regulatory framework is giving more precise guidance on the required security measures. The key objective of the EU Regulation is to limit data breaches and incidents.
Measures that limit data breaches and incidents are central to the EU regulations, when applied correctly by an organizations security teams.
Encryption is the most important recommended measure to achieve compliance and allows the data to become unintelligible. With Encryption organisations can reduce the residual privacy risks to a negligible level.
Extended EU regulations with a wider target are expected: The new EU Data Protection Regulation and the Directive on Networks & Information Security (NIS) are both pending EU final approval to come into force.
Attend this webinar and discover how to keep your customers data safe and reduce the risk of having to notify a data breach to your customers under the new EU regulations.
While the launch of PSD2 is approaching fast, there is still some ground to cover to turn this regulation into reality.What are the challenges and opportunities and what is required to make PSD2 work?
Marijke Koninckx, Product Marketing Manager at FIS, discusses how PSD2 transforms the relation between banks and their customers into a new 3-way relationship.
How should banks manage this new 3 way relationship?
What are the implications and what functional and technical issues need to be addressed to be successful?
The Gemalto’s Breach Level Index reported 1.4 billion data records compromised worldwide in 2016, up 86% from 2015. Closer to home, there were 44 & 16 voluntarily reported breaches in Australia and New Zealand respectively. With the new Privacy Amendment (Notifiable Data Breaches) Act 2017 in Australia, these numbers are expected to increase dramatically as organisations are required to declare any “eligible data breaches”.
Navigating these regulations such as the Australian Privacy Act and European General Data Protection Regulation (GDPR) and the impact they will have can be daunting. Organisations must start planning ahead to mitigate the potential risks of being non-compliant. The implications of a data breach can go beyond compliance. In 2014, the Target breach had a massive impact on the company’s brand reputation, while last year’s announcement of the Yahoo! data breach cost the company nearly $1.7 billion in stock market value.
During this webinar, Helaine Leggat, an legal expert in data protection regulations will discuss the Australian Privacy Act Amendment in detail, what it means for businesses in Australia and internationally. Graeme Pyper, Regional Director at Gemalto will provide recommendations to help prepare for the 2018 deadline. We will share industry best practices and methodologies companies can evaluate to simplify a government audit process. Join our experts to ask questions and learn more about:
•The local and global government data privacy regulations (Australia and Europe)
•Gauging the true cost of a data breach and how to reduce the scope of risk
•Understanding privacy by design throughout business
•Strategies for simplifying operations for regulation and internal audits
•Determining current industry compliance, which may be applicable to the APA and GDPR
The EU General Data Protection Regulation (GDPR) will have an impact both in the EU and around the world. Organizations that act now and have a clear data protection plan will have a competitive edge helping them to build trusted customer relationships and drive business growth.
Join Forrester and TITUS for a discussion about the EU General Data Protection regulation. You will gain insight into:
The basics of the new EU GDPR
Building data protection into business process and product (Privacy by Design)
Creating effective data security policies to protect personal data
Educating and empowering employees to assist with data protection
The New York State Department of Financial Services new Cybersecurity Regulations went into effect on March 1. These regulations, which cover financial services companies licensed by or operating in New York State, are more comprehensive and prescriptive than other cybersecurity regulations to date, and are most likely a taste of regulations to come. In particular, they introduce requirements around application security that are more specific and wide-ranging than most. What do financial services companies need to know about these regulations?
This webinar will get those affected by these requirements up to speed on:
> What the new regulations entail
> How best to approach these requirements
> How Veracode can help with compliance
Since 13 June 2016, European Union Member States applied new rules for placing radio equipment on the European market and putting them into service. From 13 June this year, all radio equipment being placed on the market or put into service must comply with the new Radio Equipment Directive (RED), 2014/53/EU. ETSI’s Harmonised Standards are often the preferred method of demonstrating compliance with European radio regulations. This webinar will explain how industry can access the EU market using ETSI Harmonised Standards, provide an update on the status of availability of ETSI’s Harmonised Standards, and indicate alternative paths in the cases where Harmonised Standards are not yet available.
Dr. Michael Sharpe is the Director of Spectrum and Equipment Regulation at ETSI. He is responsible for ensuring effective co-operation of ETSI’s technical activities with the work of key regulatory bodies and partner standards bodies at the National, European and Global level. His current priorities include working with the European Commission to ensure the smooth introduction of the Radio Equipment Directive, and the continuing close co-operation with CEPT and the Commission Radio Spectrum Unit to ensure that ETSI Harmonised Standards and Regulations on radio frequency use are developed in a co-ordinated and effective manner.
The recent announcement by the FCA about upcoming regulation for the Crowdfunding market has left many Alternative Finance platforms wondering how they need to adapt?
The market continues to grow rapidly, and technology innovation remains very much at the forefront of competition. Alternative Finance platforms need to revise their current strategies in order to comply with the proposed regulation, but also build flexible reliable systems and workflows that will enable them to continue innovating in the future, whilst maintaining their compliance.
Join our webinar with Profile Software, where we will be joined by regulation expert Jay Tikham of Vedanvi, to discuss:
•How the existing and upcoming regulations affect the alternative finance market in terms of cost, compliance and competition
•What would companies need to do to overcome these challenges?
•How can they continue to innovate and protect their business against new competitive entrants?
•Is technology ready to deliver a “best-of-breed” approach?
Topics to be discussed in this quick 10-minute interview:
·The role of RegTech helping FinTechs and incumbents alike respond to regulatory change and demands
·International start-up expansion (from Aus to UK) and tips for start-ups looking for more growth in the UK
·Tech hubs outside London, why Encompass chose Glasgow to base their FinTech/RegTech start up (with presence in London of course!)
·Partnerships and collaboration -- how to do them right
· New AML/CTF regulations coming into UK law June 2017 and how automation software can help.
The New York State Cyber Security Regulation for financial organizations becomes mandatory March 1st. Since our last webinar, the requirements have been updated. The revised regulation, which NYS banks, insurance companies, and other financial services institutions regulated by the Department of Financial Services must follow, includes changes surrounding risk assessments, encryption, cyber security policies, cyber governance and more. Join us for this second webinar specifically addressing the revised components of the regulation and what financial organizations inside and outside of NYS should be doing now that the regulation is taking effect.Read more >
Regulations update from Vanaja Indra, Market and Regulatory Reform Director at Insight's Annual investment update 2017.Read more >
There are three game-changers re-shaping banking - and regulation is one of them. Regulations like the Open Banking Standard and PSD2 are opening up banking. But don't discount bank customers and the Tech Titans - their impact will be huge.
Join this webinar to find out how these three forces will impact the banks, and the kind of questions that need smart answers
This year we've seen many changes with regards to financial regulations and all types of organisations in the industry have had to adapt and keep themselves updated lest they risk falling into a regulation trap.
Join this session where the experts will discuss:
-Grandfather versus Son - Can the Grandfather banks (traditional, older institutions) move as quickly as the Challenger banks? Are the rules different or just the attitudes influencing the approach? Is the regulator relationship different?
-Does the time taken to analyse the rules vary? Why? How do smaller institutions get the advice and consultation from experts whether they be Legal or Tax?
-Manual vs automation - linked to the first point..... does the infrastructure allow swift innovation? Whether purchased innovation or internally developed?
-How does the customer approach vary? how are customers impacted or communicated with?
-How can tools developed by software companies/Fintech innovators help? How does the way these companies change between traditional and challengers?