Financial Crime

Market Abuse

Nasdaq Wins Best Solution Awards for Market and Trade Surveillance

By Editors | 14/11/2023

Nasdaq Market Surveillance was recognised for its real-time, cross-market, cross-asset surveillance technology, which is used by over 65 marketplaces and regulators globally

Anti-Money Laundering

Accenture Awarded Consulting Firm of the Year for Banking 

By Editors | 14/11/2023

Accenture was recognised for its work with multiple systemically important and other banks in areas ranging from financial crime compliance

PEPs & Sanctions

Aereve Recognised as Rising Star for Sanctions & Name Screening Solution 

By Editors | 14/11/2023

Aereve was recognised for its ability to handle both Romanised and native Chinese characters in screening

Anti-Money Laundering

HAWK:AI Recognised as Rising Star for Transaction Monitoring Solution

By Editors | 14/11/2023

HAWK:AI was recognised for its transaction monitoring technology, which is powered by a combination of easily configurable rules and explainable AI.

Anti-Money Laundering

Basel AML Index: AML/CFT Systems Have Become Less Effective

By Editors | 14/11/2023

The 2023 Basel AML Index highlights a drop in the effectiveness of AML/CFT systems and inadequate compliance globally with the FATF standards for virtual assets.

Supervision & Enforcement

China Imposes Industry Wide Obligations to Prevent Crime Within Banks, Insurers

By Editors | 13/11/2023

New NFRA notice requires the establishment of internal controls and governance structures specifically designed to prevent criminal cases involving banks and insurers.

Anti-Money Laundering

Myanmar Receives Rating Upgrade for FATF Recommendation 14

By Editors | 13/11/2023

Myanmar made “minimal progress” but was re-rated on Recommendation 14 for its revised regulations for remittance businesses.

Cryptocurrency

Singapore Crypto Lender Hodlnaut to Enter Into Liquidation

By Editors | 13/11/2023

Creditors rejected Hodlnaut’s restructuring plan, believing a liquidation would maximise the distribution of the remaining assets.

Trading & Investment

Korea Considers Extending Short Selling Ban to Market Makers

By Editors | 13/11/2023

The FSC will first carefully examine the impacts such a move would have on investor protection and market development.