Anti-Money Laundering

Anti-Money Laundering

Southeast Asia’s First Regional CTF Risk Assessment Announced

By Editors | 12/08/2016

Bali CTF summit yields greater coordination on risk assessment, information sharing.

KYC & CDD

CRS Remediation – Complexity, Cost and Impact on Client Relationships

By Editors | 11/08/2016

Fenergo explores the complexity and cost of CRS remediation and its potential impact on client relationships.

Anti-Money Laundering

Indonesia to Expand Branchless Banking

By Editors | 11/08/2016

Smaller, regional banks invited to offer service in financial inclusion push.

Anti-Money Laundering

BSP Imposes $21mn Fine Following AML Failures

By Editors | 08/08/2016

Largest-ever fine imposed after USD 81M Bangladesh Bank heist on RCBC.

KYC & CDD

5 Point Plan for CRS Compliance

By Editors | 28/07/2016

CRS compliance process proving to be more complicated than just an extension of FATCA compliance.

Anti-Money Laundering

HK Court Clarifies Money Laundering Rule

By Samuel Riding | 27/07/2016

Judgment suggests even ‘clean’ money can lead to prosecution if there are circumstantial indications of an offence.

Fraud, Scams & Cybercrime

Bangladesh Expects to Recoup All USD81mn from NY Fed Heist

By Samuel Riding | 27/07/2016

Central bank chief says RCBC likely to be held liable for theft, repay money.

Anti-Money Laundering

RBI Penalises Banks for Allowing Forex Scam

By Samuel Riding | 26/07/2016

Lenders must focus on better customer assessment to reduce probability of fraud, central bank says.

Anti-Money Laundering

MAS to Intensify AML Inspections, Toughen Action

By Samuel Riding | 26/07/2016

Managing director says 1MDB scandal has damaged Singapore’s reputation as a financial centre.