Regulatory Alerts2024-07-10
Added
Guidelines on Risk Management Practices – Internal Controls
The Monetary Authority of Singapore issued these guidelines to establish sound practices for the internal control environment and business process controls of financial institutions. The document defines internal controls as policies and processes ensuring safe management and outlines requirements for the control environment and specific business activities. These guidelines supersede the July 2014 version effective from 10 July 2024 to align with international standards and industry good practices.
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