If you’re a risk management leader in the Philippines, Circular No. 1140 might keep you up at night. After all, it’s not every day that the Bangko Sentral ng Philipines (BSP) passes sweeping regulations requiring banks to implement a new risk strategy in a few short months. What are the requirements of Circular 1140, and when are they due? Circular 1140, the new amendment to the Information Technology Risk Management Framework, requires banks to implement several features. Some of the most critical requirements are that organisations must integrate fraud and anti-money laundering (AML) systems to provide a comprehensive financial crime…