Regulatory round-up – AML/CFT outsourcing in Singapore; naming and shaming in China; buffers in Jamaica
Singapore's Merlion, Beijing's Xicheng district, and the Bank of Jamaica in Kingston (Credit: PokkO, SchnepfDesign and Craig F Scott on shutterstock)
Singapore’s capital markets intermediaries have come under fire for their outsourcing practices for anti-money laundering/counter-financing (AML/CFT) obligations; a Chinese regulator has published a list of misbehaving bank shareholders; and Jamaica is considering introducing a counter-cyclical capital buffer.
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