Anti-Money Laundering

Fraud, Scams & Cybercrime

Regulation Asia Awards: SWIFT Wins Best Solution in Transaction Monitoring

By Editors | 14/11/2019

SWIFT has won Best Solution in Transaction Monitoring for its Payment Controls Service.

KYC & CDD

Fenergo Wins Best Solution in Regulatory Change Management

By Editors | 14/11/2019

Fenergo has won Best Solution in Regulatory Change Management and was highly commended in the Customer Onboarding.

Anti-Money Laundering

China Ramped Up AML/CTF Enforcement in 2018, PBOC Report Shows

By Editors | 14/11/2019

Enforcement of AML/CTF rules increased in 2018, evidenced by a 41% increase in fines levied. Firms in non-financial sectors have also been brought under the PBOC’s AML/CTF supervision ambit.

Supervision & Enforcement

BCBS Seeks Cooperation Between Prudential and AML Supervisors

By Editors | 13/11/2019

The BCBS says different supervisory functions should exchange information and cooperate both domestically and across borders, regardless of the institutional setting.

Anti-Money Laundering

BCBS Updates AML/CFT Guidance for Correspondent Banking

By Editors | 10/11/2019

The revisions update the list of risk indicators banks should use to conduct risk assessments and specify conditions for using KYC utilities for obtaining customer information.

Anti-Money Laundering

Malaysia Proposes Cash Payment Limit to Curb Financial Crime

By Editors | 08/11/2019

The central bank says any action aimed at circumventing the proposed 25,000 ringgit cash transaction limit would be considered an offence for both the payer and payee.

Anti-Money Laundering

Australia Has an IFTI Problem

By Eric Knight | 08/11/2019

Australia’s approach to international payments needs to change, and reporting entities need to update their legacy systems for better reporting, say Eric Knight and Nick Armstrong.

Fraud, Scams & Cybercrime

Fintel Alliance Is Critical to Financial Crime Fight: AUSTRAC

By Editors | 07/11/2019

The Fintel Alliance reveals its operational results in its annual report. A second report sets out financial indicators to help FIs detect and report child sexual exploitation.

AI Risk & Governance

Fintech Week: HKMA Announces New Fintech Initiatives

By Manesh Samtani | 07/11/2019

As part of an ecosystem approach to fintech development, HKMA chief Eddie Yue wants to work with FIs, end users and technology firms to drive innovation in financial services.