BIG PICTURE

AML / KYC

Moody’s Analytics Flags 21 Million Shell Company Risks

By Mark Johnston | 25/01/2024

More than 2,200 companies have directors aged 123 years and above, despite the fact that the oldest known human lived to 122.

AML / KYC

Metaverse Tools Crucial in Fight Against Cryptocurrency Crime: INTERPOL

By Ranamita Chakraborty | 23/01/2024

Interpol’s white paper highlights blockchain forensics as a vital tool in combating Metacrimes linked to cryptocurrencies, including money laundering and fraud.

Big Picture

ASIFMA Seeks Regulatory Dialogue on Generative AI

By Ranamita Chakraborty | 22/01/2024

The association urged regulators to endorse GenAI adoption and adopt risk-based frameworks for responsible implementation in financial entities.

ESG / Sustainability

HKMA Study Assesses Climate Risks of APAC Investment Funds

By Editors | 21/01/2024

Paper finds that funds with high climate risk exposure can face larger redemption pressures which can translate into financial stability risks.

Crypto / Digital Assets

Global Crypto Crime Gains Fall; Stablecoins Rise: Report

By Nithya Subramanian | 19/01/2024

The global amount received by illicit cryptocurrency addresses in 2023 fell 39 per cent, while stablecoins accounted for 60 per cent of illicit transactions, revealed Chainalysis.

Big Picture

Quantum Security Risks Loom for Financial Sector: WEF Report

By Mark Johnston | 19/01/2024

The WEF has released a report on the implications of quantum computing for the financial sector, highlighting the need for global collaboration and regulation.

Fintech / Regtech

WEF Summit: AIGA Calls for Inclusive Access to AI

By Ranamita Chakraborty | 19/01/2024

At the World Economic Forum 2024 summit, AI Governance Alliance urges action on governance gaps for an inclusive future.

AML / KYC

Cryptos Popular Among Money Launderers in SE Asia: UN Report

By Nithya Subramanian | 18/01/2024

Tether has emerged as a preferred choice for regional cyberfraud operations due to its stability and the ease, anonymity, and low fees of its transactions.

Fintech / Regtech

Financial Sector Urged to Develop AI Governance Frameworks

By Ranamita Chakraborty | 17/01/2024

Industry experts are calling upon the financial sector to proactively prepare for GenAI regulation, considering technological advancements and ethical considerations.