Search Results - subject:"Risk‐based approach"

Emergence of Fintech and cybersecurity in a global financial centre : Strategic approach by a regulator

Ng, Artie W.; Kwok, Benny K.B. - In: Journal of Financial Regulation and Compliance 25 (2017) 4, pp. 422-434

Purpose This paper aims to explore how the regulator of a global financial centre (GFC) under an international trend of adopting emerging technologies for financial services (Fintech) articulates such opportunities and risks strategically. Design/methodology/approach With a literature review on...

Persistent link: https://www.econbiz.de/10014870621

The use of anti-money laundering tools to regulate Ponzi and other fraudulent investment schemes

Mugarura, Norman - In: Journal of Money Laundering Control 20 (2017) 3, pp. 231-246

such as a “risk based approach” and “Know Your Customer” to protect victims of fraudulent investment schemes. Design …

Persistent link: https://www.econbiz.de/10014886578

Financial monitoring of the port industry companies on the basis of risk-oriented approach

Oneshko, Svitlana; Ilchenko, Svitlana - In: Investment management and financial innovations 14 (2017) 1, pp. 191-199

Persistent link: https://www.econbiz.de/10011816715

Emergence of Fintech and cybersecurity in a global financial centre : strategic approach by a regulator

Ng, Artie W.; Kwok, Benny K. B. - In: Journal of financial regulation and compliance : an … 25 (2017) 4, pp. 422-434

Persistent link: https://www.econbiz.de/10011799180

The FATF’s customer identification framework: fit for purpose?

de Koker, Louis - In: Journal of Money Laundering Control 17 (2014) 3, pp. 281-295

Purpose – This paper aims to investigate the purpose, reach and effectiveness of the customer identification framework of the Financial Action Task Force (FATF). Design/methodology/approach – The article draws on relevant research and documents of the FATF, the Basel Committee on Banking...

Persistent link: https://www.econbiz.de/10014886565

Customer due diligence (CDD) mandate and the propensity of its application as a global AML paradigm

Mugarura, Norman - In: Journal of Money Laundering Control 17 (2014) 1, pp. 76-95

Purpose – It has become customary for states or regulatory domains to come together and evolve normative regimes to deal with overlapping exigencies such as money laundering. Over the past two decades, there has been a proliferation of global AML laws designed to foster international...

Persistent link: https://www.econbiz.de/10014886859

Current Changes in the Role of the Insurance Sector

Danhel, Jaroslav; Duchackova, Eva - In: ACTA VSFS 7 (2013) 1, pp. 31-45

The authors analyze changes resulting from impacts of the globalization process and the crisis on the financial markets, particularly on the conservative insurance sector, which is forced to accelerate the dynamics of structural changes. The adequacy of the current regulatory measures for the...

Persistent link: https://www.econbiz.de/10010860154

Financial Reporting under XBRL and the Impact on the Financial Audit

Florin, Dobre; Daniel, Vîlsãnoiu; Florina, Popa Adriana - In: Ovidius University Annals, Economic Sciences Series XIII (2013) 1, pp. 1199-1203

The purpose of this paper is to present the perspectives of using XBRL (eXtensible Business Reporting Language) as a tool for financial auditors considering the increasing coverage of this language for financial reporting. We performed an extensive literature review concerning XBRL utilisation...

Persistent link: https://www.econbiz.de/10010679590

USING DEPENDENCY STRUCTURE MATRIX IN OPTIMAZING FINANCIAL AUDIT PROCESS

Florina, Popa Adriana; Daniel, Vilsanoiu; Florin, Dobre; … - In: Annals of Faculty of Economics 1 (2013) 1, pp. 1345-1353

This paper presents a new approach in evaluating risks of material misstatements in financial audit using dependency structure matrices (DSM). This perspective allows the identification of significant audit risks and can be used by audit managers to optimise resource allocation by focusing on...

Persistent link: https://www.econbiz.de/10010685532

“Rule‐based but risk‐oriented” approach for combating money laundering in Chinese financial sectors

Ai, Lishan - In: Journal of Money Laundering Control 15 (2012) 2, pp. 198-209

Purpose – This paper attempts to examine the practical condition of implementing risk‐based approach (RBA) in Chinese … financial sectors. Design/methodology/approach – This paper compares the differences between rule‐based approach and risk‐based … approach (RBA), and provides different options to financial institutions considering their own circumstances. Findings – This …

Persistent link: https://www.econbiz.de/10014886289