The US is well known for its stringent regulations and associated fines. From Binance’s recent $4.3 billion AML fine to JP Morgan’s $200m fine for off-channel communications, there is no doubt that US regulators are active. The size of the fines is such that they cannot simply be written off
Playing catch up on compliance in Asia’s emerging economies
The rapid expansion of Asia’s economies, including financial services sectors, has highlighted cracks and gaps in the region’s compliance practices.