Identify a specific MAS regulatory requirement, for a firm in a regulated financial services sector with which you are familiar: Regulatory and Financial Crime Compliance Assignment, ICA, Singapore

University International Compliance Association(ICA)
Subject Regulatory and Financial Crime Compliance

Question 1.

Identify a specific MAS regulatory requirement, for a firm in a regulated financial services sector with which you are familiar. State the type of firm you are referring to and then produce a note for the head of compliance which:

  • highlights the objective
  • identifies the business unit/activity it primarily affects
  • comments on the measures that need to be taken to fulfill this requirement.

Question 2.

The ‘three lines of defense model is often referred to in the financial services industry. Write a summary explaining the term ‘three lines of defense’ as it relates to compliance risk management in a regulated firm.

Question 3.

A recent internal audit has highlighted significant failings in the identification and verification of natural persons appointed to act on a customer’s behalf. Follow-up discussions with staff revealed that they were unclear about the regulatory requirements. Your tasks are to:

a) state the key regulatory requirement(s) not being met
b) in light of your answer to a) above, draft a short paragraph for distribution to all relevant staff outlining what action(s) they need to take
c) prepare a short paragraph for inclusion in the overall report to the board of directors that identifies what corrective action/additional controls will be put in place to address the issue.

Hire a Professional Essay & Assignment Writer for completing your Academic Assessments

Native Singapore Writers Team

  • 100% Plagiarism-Free Essay
  • Highest Satisfaction Rate
  • Free Revision
  • On-Time Delivery

Get Help By Expert

Students can avail the best regulatory and financial crime compliance assignment help services at an affordable price. We provide you exclusive assistance with all your assignments so that you can get complete them with proficient writers at Singapore Assignment Help. Our writers provide a 100% errorless and well-formatted manner at a low price. Besides this, we also provide Financial Crime Compliance (FIN 573) Assessment Solution. 


Looking for Plagiarism free Answers for your college/ university Assignments.

Recent Solved Questions

Ask Your Homework Today!

We have over 1000 academic writers ready and waiting to help you achieve academic success