“External facilitated board reviews provide a safe way for people to provide feedback… help with an independent view of skills.”
“The board should carry out due diligence on the service provider… and get comfortable that the delegates' controls meet the rules… you can only rely on a service provider's own AML audit if it includes testing that's specific to the fund's compliance program.”
Mariana Alves · The Regulatory 15/15 · Regulatory developments, FAQs for CIMA's AML and Sanctions Rules, changes to CRS, a Latin America update, tokenised funds and CIMA consultations on cybersecurity
Audio streams from the publisher’s own feed. Verbatim does not host or copy it.
What was described
Board conducts due-diligence on AML service providers, assesses outsourcing risk, reviews service agreements, notifies CIMA of material outsourced compliance functions, and only relies on provider’s AML audit if it includes testing specific to the fund’s program
Said nearby on the same subject
“Barristers engage you to provide them with marketing services, booking services, all administrative services… and in return, they pay you a commission.”
“We outsource all warehousing and shipping and fulfillment and things like that. And then content creation, we outsource as well”
“The AI office can request, as it was said, the information and model access, conduct evaluations that require measures concerning the general purpose AI providers that have systemic risk.”
Moments like this, every Monday
The strongest new moments on your topics, in the speakers' own words. Free for three topics.
No card. No password. One-click unsubscribe.
Track a competitor?
Pro watches up to 25 names or phrases and emails you the morning after they are said.
See Pro, $29 a monthVerbatim quotes a short extract and links to the episode; the episode belongs to its publisher. Remove a show.