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Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
Bank of Singapore Awarded Best Use of Artificial Intelligence in AML
By Editors | 14/11/2023
Bank of Singapore was recognised for its use of machine learning to examine client behaviours and patterns and flag potential tax evasion
Fraud, Scams & Cybercrime
Group-IB Awarded Anti-fraud Project of the Year
By Editors | 14/11/2023
Group-IB was recognised for its Cyber Fraud Intelligence Center Project, which monitors and aggregates diverse data sets to generate insights on fraud threats and patterns.
Anti-Money Laundering
Accenture Awarded Consulting Firm of the Year for Banking
By Editors | 14/11/2023
Accenture was recognised for its work with multiple systemically important and other banks in areas ranging from financial crime compliance
Anti-Money Laundering
HAWK:AI Recognised as Rising Star for Transaction Monitoring Solution
By Editors | 14/11/2023
HAWK:AI was recognised for its transaction monitoring technology, which is powered by a combination of easily configurable rules and explainable AI.
Anti-Money Laundering
Basel AML Index: AML/CFT Systems Have Become Less Effective
By Editors | 14/11/2023
The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.
Supervision & Enforcement
China Imposes Industry Wide Obligations to Prevent Crime Within Banks, Insurers
By Editors | 13/11/2023
New NFRA notice requires the establishment of internal controls and governance structures specifically designed to prevent criminal cases involving banks and insurers.
Anti-Money Laundering
Myanmar Receives Rating Upgrade for FATF Recommendation 14
By Editors | 13/11/2023
Myanmar made “minimal progress” but was re-rated on Recommendation 14 for its revised regulations for remittance businesses.
Anti-Money Laundering
US Fed Probing Morgan Stanley AML Controls – Report
By Editors | 12/11/2023
The Fed is reported to be assessing whether Morgan Stanley has sufficient controls in place to prevent wealthy foreign customers from laundering money.
Cryptocurrency
Countries to Start Sharing Tax Information on Crypto by 2027
By Editors | 12/11/2023
The 48 countries pledge to implement the CARF at the local level in time for automatic exchanges of tax relevant-information on crypto-assets to commence by 2027.
Anti-Money Laundering
FATF Re-Rates Thailand on Two Recommendations
By Editors | 10/11/2023
Re-ratings were due to legal requirements for FIs and DNFBPs to conduct risk-based CDD and AMLO guidance on risk-based supervision.
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