Financial Crime

Anti-Money Laundering

SFC Calls for Responsible Adoption of Regtech for AML Fight

By Sanday Chongo Kabange | 05/11/2024

In a survey of licensed corporations, 80 percent said regtech adoption and utilisation has improved their AML capabilities.

Operational Risk

Two of Korea’s Largest Financial Groups Facing Regulatory Scrutiny

By Editors | 05/11/2024

The FSS is scrutinising KB Financial Group for its poor management of its Indonesia business, and Woori over organisational culture issues.

Anti-Money Laundering

Thai SEC Directs Crypto Firms to Report Suspicious Transactions

By Editors | 05/11/2024

The SEC directive is a response to a case involving the alleged use of the USDT stablecoin to launder money.

Supervision & Enforcement

US SEC Fines JPMorgan Units $151m for Regulatory Violations

By Editors | 05/11/2024

The amount includes $61mn of civil penalties and $90mn of reimbursements to customers, settling five separate enforcement actions brought by the SEC.

Fraud, Scams & Cybercrime

Bank of Singapore Recognised for Use of AI in Fraud and Financial Crime Prevention

By Editors | 04/11/2024

Bank of Singapore’s AI-driven fraud prevention solution was highly commended in the category of Best Use of AI for Fraud and Financial Crime Prevention _by a Ban_k at the 7th Regulation Asia Awards for Excellence 2024

Trade Based Money Laundering

Eastnets Highly Commended for Trade Compliance Solution at 2024 Regulation Asia Awards

By Editors | 04/11/2024

Eastnets was Highly Commended for its trade-based money laundering (TBML) and compliance solution at the 7th Regulation Asia Awards for Excellence 2024.

Anti-Money Laundering

Accenture Highly Commended for Fraud & Financial Crime Advisory

By Editors | 04/11/2024

Accenture was Highly Commended in the Fraud & Financial Crime Programme Advisory Firm of the Year category at the 7th Regulation Asia Awards for Excellence 2024.

Fraud, Scams & Cybercrime

Grab Wins Best Digital Fraud Detection and Identity Authentication Solution

By Editors | 04/11/2024

GrabDefence, Grab’s Risk Technology solution, was awarded Best Digital Fraud Detection and Identity Authentication Solution at the 7th Regulation Asia Awards for Excellence 2024

Fraud, Scams & Cybercrime

LexisNexis ThreatMetrix Wins Best Anti-Fraud Solution at 2024 Regulation Asia Awards

By Editors | 04/11/2024

LexisNexis ThreatMetrix has been awarded Best Anti-Fraud Solution at the 7th Regulation Asia Awards for Excellence 2024.