All Asia articles – Page 4
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Blog
Giti Tire appoints chief sustainability officer
Singapore-headquartered tire company Giti Tire announced the appointment of Pang Chong Hau as chief sustainability officer.
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News BriefTrafigura pleads guilty, to pay $127M over FCPA violations in Brazil
Singapore-based commodity trading company Trafigura agreed to pay nearly $127 million as part of a resolution with the Department of Justice addressing violations of the Foreign Corrupt Practices Act in Brazil.
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News BriefAdani Group on defense over reports of FCPA probe
Indian conglomerate Adani Group said it is aware of an investigation by the U.S. Department of Justice into bribery allegations against a “third party” but denied a relationship with it.
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Blog
SMBC appoints Americas chief risk officer
Sumitomo Mitsui Banking Corp. announced the appointment of Mark Corteil as chief risk officer for the Americas division.
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Blog
ArcelorMittal Nippon Steel India appoints sustainability chief
Steel manufacturer ArcelorMittal Nippon Steel India appointed Arvind Bodhankar as chief sustainability officer.
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Blog
Angel One names group general counsel
India-based retail full-service broking house Angel One welcomed Meenal Maheshwari Shah as group general counsel.
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Blog
Allied Blenders and Distillers names chief risk officer
India-based beverages company Allied Blenders and Distillers appointed Jayathirtha Mukund as head of investor relations and chief risk officer.
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News BriefPaytm denies money laundering claims amid regulatory scrutiny
The Reserve Bank of India ordered a halt to many banking activities of digital payments provider Paytm while the regulator investigates “persistent noncompliances and continued material supervisory concerns.”
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Blog
Ofi announces sustainability chief
Ofi, a Singapore-based food and beverage ingredients supplier, announced Roel van Poppel as its chief sustainability officer.
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PremiumDeepfakes: A silent threat to digital integrity and AML efforts
Deepfakes have emerged in the digital world as a silent pandemic threatening not only our digital integrity but becoming a major risk to anti-money laundering efforts.
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News BriefSAP to pay $220M in FCPA settlements
German-based software company SAP agreed to pay more than $220 million as part of resolutions with authorities in the United States and South Africa regarding alleged violations of the Foreign Corrupt Practices Act.
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PremiumEthical compliance for facial recognition technology
The lack of clear regulations and guidelines for the ethical use of facial recognition technology further exacerbates concerns of discriminatory practices and potential infringements on human rights.
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Blog
LIC appoints new risk chief
Life Insurance Corp. of India announced the appointment of S Sunder Krishnan as chief risk officer.
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News BriefMAS fines Credit Suisse $3M for failing to monitor Singapore managers
The Monetary Authority of Singapore imposed a 3.9 million Singapore dollars (U.S. $3 million) penalty on Credit Suisse for failing to detect misconduct by relationship managers at its Singapore branch.
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PremiumTop ethics and compliance failures of 2023
A virtual currency exchange that sought to mislead regulators, banks failing after ignoring obvious risks, and a manufacturer that sold millions of its products in violation of U.S. export controls are among those that make up CW’s list of the biggest ethics and compliance fails of 2023.
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PremiumFive compliance triumphs from 2023
A financial services giant’s compliance mea culpa that could serve to benefit the rest of the profession, a chemical company’s praised FCPA settlement, and an example of the value of whistleblowers highlight CW’s annual list of laudable ethics and compliance moments.
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News BriefOFAC: Nasdaq to pay $4M over ex-subsidiary’s Iran sanctions lapses
Nasdaq agreed to pay more than $4 million as part of a settlement with the Office of Foreign Assets Control addressing apparent Iran sanctions violations at the stock exchange operator’s former Armenian subsidiary.
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News BriefTrafigura to reserve $127M for DOJ settlement over Brazil bribes
Singapore-based commodity trading company Trafigura said it will disclose a $127 million provision related to the resolution of a Department of Justice investigation into alleged improper payments made in Brazil by former employees.
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News BriefSingapore banks say money laundering risks up after $2B scandal
Risks posed by money laundering and the financing of terrorism have dramatically increased in Singapore, according to a recent survey of the city-state’s financial institutions conducted by the Monetary Authority of Singapore.
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Blog
NXTDIGITAL appoints chief general counsel
NXTDIGITAL, the digital media division of technology-led customer experience company Hinduja Global Solutions, announced the appointment of Viresh Dhaibar as chief general counsel.