Synopsis
2020 saw landmark enforcement actions from regulators across Asia-Pacific as financial institutions across the region paid $5.1 billion in fines for anti-money laundering failures.
By March 2020, the COVID-19 pandemic had begun to grip economies, demonstrating the interconnectivity of the worldwide financial sector. The pandemic has wreaked extensive disruption to all businesses, and this is likely to continue well into 2021, with credit risks, insolvencies and unemployment all likely to increase.
Remote working and “on-off” lockdowns may continue for some time, forcing firms to interface with customers differently and to be flexible regarding the repayment of loans or other credit facilities. These developments may lead firms to identify new opportunities and seek alternatives ways of doing business.
Webinar details
Duration: 1 hour
Takeaways
Join us for an interactive webinar where we discuss challenges and how corporate compliance officers can best prepare for them:
- Operational resilience — ensure continuity
- Cyber security, data protection and anti-financial crime management
- Anti-money laundering — highest-ever penalties in Asia
- Consumer/investor protection
- Digital transformation — balancing technological innovation with compliance imperatives
- Regulatory reach and burden — understanding the regulatory focus
- Accountability — resetting culture
- Upskilling and training to meet technology requirements
- Risk management agility and the growth of climate and ESG-related issues
- Complaints and remediation
Speakers
Register Here
Complete the form below to view on-demand
By using any Thomson Reuters or its related bodies corporate (TR) website, application, including mobile application ("app"), product, software or service or, otherwise, providing us with any of your (or any other person's) personal information you consent to our collection, use and disclosure of your personal information in accordance with (and agree to the terms of) our Privacy Statement (which can also be found at https://www.thomsonreuters.com/en/privacy-statement.html or we will provide you with a copy of our Privacy Statement if you email us at privacy.issues@thomsonreuters.com and request a copy). Do not proceed to use any of our websites, products or services or provide any personal information to us if you do not consent/agree to our Privacy Statement.
Niall Coburn
Governance, Risk and Compliance
Asia - Pacific Regulatory Intelligence Expert
Thomson Reuters
Nathan Lynch
Managing Editor, Regulatory Intelligence
Asia-Pacific
Thomson Reuters
© 2020 THOMSON REUTERS