Page 33 - CAPE Financial Services Syllabus Macmillan_Neat
P. 33
UNIT 1
MODULE 3: GOVERNANCE, REGULATIONS AND ETHICS (cont’d)
SPECIFIC OBJECTIVES CONTENT
Students should be able to:
(ii) International Organization of
9. explain the difficulties experienced Securities Commission (IOSCO)
by regulatory bodies in regulating ensures the integrity of the
offshore banks; global investment environment.
10. differentiate between approaches (iii) Organization for Economic
to standards development in Cooperation and Development
financial services; (OCED) assists with the
promulgation of policies and
procedures to counter money
laundering and cybercrime.
(iv) World Bank provides technical
assistance to governments with
funding to counter money
laundering and cybercrime.
(v) Financial Action Task Force
(FAFT) takes steps to prevent
money laundering at the
international level.
(vi) Caribbean Financial Action Task
Force (CFATF) takes steps to
prevent money laundering
within the Caribbean.
(a) Difficulties in developing a
comprehensive set of rules or
standards.
(b) Differences among regulatory systems
globally and regionally.
(c) Degree of conservatism.
Principles based approach.
Rules based approach.
CXC A38/U2/16 28
