FIND A SOLUTION AT Academic Writers Bay
You and the other staff in the compliance team are about to undergo your annual appraisal with the head of compliance. Ahead of the meeting, the head of compliance has asked all her team to identify any specific MAS regulation relevant to your firm, which is a firm in a regulated financial services sector in Singapore. You are to prepare your note for the head of compliance that highlights the regulation selected, states its objective, identifies the business unit(s) it primarily affects, and comments on the measures that need to be taken to fulfill this requirement. Prepare your notes for submission.
Compliance practitioners often refer to the ‘three lines of defense’. Write a summary explaining the term as it relates to compliance risk management.
Your firm has recently been visited by the Regulator. As part of the debrief, the firm was advised that the front-line staff and the onboarding teams do not seem to understand the need to perform enhanced due diligence measures, including establishing the source of funds (SoF) and source of wealth (SoW), and do not know the difference between them. As a result, the firm’s records for politically exposed persons (PEPs) are invariably deficient in one or both of these areas. Your tasks are to:
a) identify the specific MAS regulation requiring the firm to perform enhanced due diligence and establish SoW and SoF for PEPs
b) in light of your answer to a) above, draft a short paragraph for distribution to all relevant staff which provides them with definitions of SoW and SoF and guidance as to the action(s) they need to take relating to these aspects when onboarding a PEP
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.
Take professional academic assistance #038; Get papers
- WE OFFER THE BEST CUSTOM PAPER WRITING SERVICES. WE HAVE DONE THIS QUESTION BEFORE, WE CAN ALSO DO IT FOR YOU.
- Assignment status: Already Solved By Our Experts
- (USA, AUS, UK ; CA PhD. Writers)
- CLICK HERE TO GET A PROFESSIONAL WRITER TO WORK ON THIS PAPER AND OTHER SIMILAR PAPERS, GET A NON PLAGIARIZED PAPER FROM OUR EXPERTS
QUALITY: ORIGINAL PAPER – NO PLAGIARISM - CUSTOM PAPER
- non-plagiarized Papers
- 24/7 /365 Service Available
- Affordable Prices
- Any Paper, Urgency, and Subject
- Will complete your papers in 6 hours
- On-time Delivery
- Money-back and Privacy guarantees
- Unlimited Amendments upon request
- Satisfaction guarantee
How It Works
- Click on the “Place Your Order” tab at the top menu or “Order Now” icon at the bottom and a new page will appear with an order form to be filled.
- Fill in your paper’s requirements in the "PAPER DETAILS" section.
- Fill in your paper’s academic level, deadline, and the required number of pages from the drop-down menus.
- Click “CREATE ACCOUNT ; SIGN IN” to enter your registration details and get an account with us for record-keeping and then, click on “PROCEED TO CHECKOUT” at the bottom of the page.
- From there, the payment sections will show, follow the guided payment process and your order will be available for our writing team to work on it.
AcademicWritersBay.comnbsp;is an easy-to-use and reliable service that is ready to assist you with your papers 24/7/ 365days a year. 99% of our customers are happy with their papers. Our team is efficient and will always tackle your essay needs comprehensively assuring you of excellent results. Feel free to ask them anything concerning your essay demands or Order.
AcademicWritersBay.com is a private company that offers academic support and assistance to students at all levels. Our mission is to provide proficient andnbsp;high quality academic servicesnbsp;to our highly esteemed clients. AcademicWritersBay.com is equipped with competent andnbsp;proficient writersnbsp;to tackle all types of your academic needs, and provide you with excellent results. Most of our writers are holders ofnbsp;master's degreesnbsp;ornbsp;PhDs, which is an surety of excellent results to our clients. We provide assistance to students all over the world.
We provide high quality term papers, research papers, essays, proposals, theses and many others. Atnbsp;AcademicWritersBay.com, you can be sure ofnbsp;excellent gradesnbsp;in your assignments and final exams.