All posts tagged "CAD"
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831AML / KYCNTU Singapore to Develop New Tools to Fight Money Laundering
Supported by the MAS and Singapore's major banks, the project seeks to help wealth managers address money laundering risks with new AI and machine learning capabilities.
August 22, 2019 -
611AML / KYCOCBC to Speed Up Police Investigations with Automated Data Retrieval
OCBC Bank and the Singapore Police Force are collaborating on a new project to reduce the amount of time it takes for investigators to access banking information to just 1-2 days.
July 12, 2019 -
778AML / KYCSingapore Charges its First National for Terrorism Financing
Singapore's Ministry of Home Affairs has confirmed that a Singaporean man has been charged for allegedly financing the publication of ISIS propaganda.
April 17, 2019 -
672AML / KYCOCBC Received Police Award for Foiling Fraud Attempt
OCBC was able to recover $205,000 from a Malaysian bank after a transaction was flagged by its fraud surveillance unit as not fitting the client's usual patterns.
April 15, 2019 -
2.4KAML / KYCMAS Renews Call for Use of Data Analytics in AML/CFT Programmes
MAS has renewed calls for financial institutions to further develop their data analytics capabilities in the interest of improving the effectiveness of their AML/CFT programmes.
April 9, 2019 -
629EnforcementSingapore Charges Three for Spoofing Index Futures
In a MAS-CAD joint investigation, three individuals are being charged for allegedly spoofing SGX-MSCI index futures and giving false statements to SGX.
March 28, 2019 -
861AML / KYC
MAS Details Enforcement Outcomes, Priorities in Inaugural Report
The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
March 21, 2019 -
1.0KAML / KYC
Singapore Pushes Data Analytics, Collaboration to Counter Financial Crime
A new report by Singapore's AML/CFT Industry Partnership identifies key weaknesses of current approaches that can be addressed with data analytics and greater industry collaboration.
November 30, 2018 -
464AML / KYC
Singapore Releases AML/CTF Best Practice Papers
MAS-CAD industry partnership on AML/CFT released best practices papers to help financial institutions guard against trade-based money laundering and the misuse of company structures for illicit purposes.
May 17, 2018 -
242AML / KYCUS Resident Pleads Guilty to Singapore Money Laundering
American convinced victim to make $600,000 investment with promise of 30% return, but instead transferred to Singapore account.
April 11, 2018
