Financial Crime

Anti-Money Laundering

SFC Issues Updated AML/CFT Self-Assessment Checklist

By Editors | 15/11/2023

The updated checklist incorporates the May revisions to the SFC’s existing AML/CFT guideline, including to apply additional questions on virtual asset activities.

KYC & CDD

Regulation Asia Awards for Excellence 2023 – Results Announcement

By Editors | 15/11/2023

Regulation Asia held its sixth annual Awards ceremony on 14 November 2023. Here we explain our methodology and announce the winners for the year.

PEPs & Sanctions

OFAC Issues Guidance on Humanitarian Aid to Palestinians

By Editors | 15/11/2023

OFAC says guidance is intended to help NGOs navigate US sanctions while providing aid to Palestinian people.

PEPs & Sanctions

OFAC Probes Shipping Companies as Russia Circumvents Oil Sanctions

By Editors | 15/11/2023

US Treasury sent letters to companies seeking information about 100 vessels, according to a Reuters report.

PEPs & Sanctions

US and UK Announce Sanctions on Hamas Leaders and Financiers

By Editors | 15/11/2023

Latest coordinated US and UK sanctions target Hamas leadership and financial channels in the Middle East.

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.

Trade Based Money Laundering

Lloyd’s List Intelligence Awarded Best TBML & Trade Compliance Solution

By Editors | 14/11/2023

Lloyd’s List Intelligence was recognised for its Seasearcher Suite of data and analytics solutions

PEPs & Sanctions

LSEG Awarded Best PEPs, Sanctions & Name Screening Solution 

By Editors | 14/11/2023

LSEG was recognised for World-Check One, which has been used for screening, due diligence and financial crime risk management for more than two decades.