In early July 2021, the BIS issued a paper on the regulatory requirements for digital payment and e-money services offered by non-bank service providers (“non-banks”). The paper addresses the proliferation of non-banks in retail payments and the questions that are related to their regulation.
Can you assess the overall system of internal controls without considering risk management? I don’t think so, and neither does COSO. That is why there is a risk component in their internal control framework.
In recent years, the gaming industry has seen the rise of so-called "skin gambling" websites. Critics have been quick to raise red flags, citing the need for profound regulation and protective measures shielding children from such platforms. This bulletin explores the practice of skin gambling, including regulatory responses in Quebec and the rest of the world.