Anti-Money Laundering

Anti-Money Laundering

SWIFT Wins Big Data & Analytics RegTech Award

By Editors | 15/11/2018

SWIFT has won the RegTech Award for Big Data & Analytics in the inaugural Regulation Asia Awards for Excellence 2018.

PEPs & Sanctions

OFAC Highlights Potential Gap in Singapore’s Sanctions Regime

By Eric A. Sohn | 15/11/2018

Singapore can do more to prevent sanctions violations by domestic firms playing out on the international stage, says Eric A. Sohn at Dow Jones Risk & Compliance.

Anti-Money Laundering

FATF Publishes Third Enhanced Follow-up Report on Australia

By Editors | 09/11/2018

Australia has been re-rated on 7 of the 40 FATF Recommendations, reflecting the country’s progress to strengthen AML/CFT measures since its 2015 mutual evaluation.

Anti-Money Laundering

US Prosecutors Charge Goldman Bankers Over 1MDB Scandal

By Garima Chitkara | 07/11/2018

Malaysian politician Anwar Ibrahim told Bloomberg it would be “inexecusable” if the bank was itself found complicit in money laundering and bribery related to the state development fund.

Anti-Money Laundering

Taiwan Cracks Down On Anonymous Virtual Currency Transactions

By Garima Chitkara | 05/11/2018

Taiwan has amended its AML/CFT laws, forbidding anonymous cryptocurrency transactions and empowering the FSC to take action against noncompliant platform operators.

Anti-Money Laundering

FATF Issues Guidance on Securities Sector Risk-based Approach

By Editors | 02/11/2018

The guidance supports the design and implementation of the risk-based approach for securities products and services, which can create opportunities for criminals to launder proceeds of crime.

Anti-Money Laundering

Malaysia has ‘Robust’ AML/CFT Framework – APG-FATF

By Editors | 01/11/2018

More actions needed to further strengthen the framework, including a greater focus on terrorist financing risk from the private sector and foreign source threats.

Anti-Money Laundering

Taiwan FIs Need to Be Prepared for APG Mutual Evaluation – FSC

By Editors | 26/10/2018

The Asia/Pacific Group on Money Laundering will conduct its mutual evaluation of Taiwan and its financial institutions from 5 November until 16 November.

AI Risk & Governance

Sibos: New Digital Economy Places Customer Needs in Focus

By Matthew Chan | 25/10/2018

As Australia’s banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.