China is tightening personal information protections and urging businesses that handle personal data to strengthen compliance. Violations could result in million-dollar fines, depending on the case.
Asia
Posted inSupply Chain
The compliance officer’s China+1 problem: when supply chain strategy outpaces due diligence
Most diversification stories end at the new supplier. For compliance, the story begins there.
Posted inBest Practices
AI, finance and the new compliance mandate in APAC
A new report tells a story that compliance professionals should read carefully. While the report focuses on finance leaders across Asia Pacific, the real lesson for compliance is much broader: artificial intelligence is no longer a future-state technology discussion. It is now an operating model, risk management, governance, and controls issue. For CCOs, that means AI must move from the innovation agenda to the compliance agenda.
Posted inAsia, Banking
Bank of China appoints risk chief
Bank of China announced the appointment of Zhao Rang as its chief risk officer.
Posted inAsia, Banking
Standard Chartered Bank (Hong Kong) appoints risk chief
Standard Chartered Bank (Hong Kong) Limited announced the appointment of Norbert Wong as chief risk officer.