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Individuals Charged in Relation to Insider Trading in Singapore

The Monetary Authority of Singapore (MAS) released a press release stating that three individuals were charged for illegally communicating non-public and material information and using such information to buy shares in a company. The investigation was jointly conducted by the Monetary Authority of Singapore and the Commercial Affairs Department of the Singapore Police Force.

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How To Meet FCA Reporting Requirements (and Avoid Regulatory Action)

The Financial Conduct Authority (FCA) regulates over 58,000 financial services firms and financial markets in the UK. To do this effectively, the authority needs timely and accurate data from firms to identify malpractice and take appropriate action.

This is why the FCA’s reporting requirements exist—to ensure it has the information it needs to perform its role. It’s also why the FCA levies tough penalties on firms that fail to meet their reporting obligations.

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Start to Prepare for the Senior Executive Accountability Regime (SEAR)

The Central Bank of Ireland and other international regulators such as the FCA in the UK and MAS in Singapore have prioritised 'individual accountability for several years. The proposals and now the draft legislation to introduce the Senior Executive Accountability Regime (SEAR) in Ireland are significant steps in that development.

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MCO Launches Software for SMCR and Similar Regulations

Role assurance regimes and regulatory guidelines on individual accountability such as the SMCR are part of a global trend to support a change in culture at all levels of financial services. MCO recently launched its award-winning Role Monitoring and Assurance (RMA) module to help firms comply with SMCR and similar regulations. 

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Corporations Stand to Benefit from Adequate Procedures

The Department of Justice (DOJ) has provided updated guidance for prosecutors evaluating corporate compliance programs’ adherence to Foreign Corrupt Practices Act (FCPA). “Okay,” you might be saying to yourself. “I know that already, the DOJ’s new guidance is very helpful.” 

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