All posts tagged "CAD"
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427AML / KYCThree Indonesians Charged with Terrorism Financing in Singapore
The three individuals are said to have provided a total of about S$1,500 to individuals in Indonesia for the purpose of facilitating terrorist acts after being ‘radicalised’ last year.
October 24, 2019 -
570AML / KYCTechnology Offers New Means to Fight Financial Crime: MAS
At the ICA's 2nd Annual APAC Conference this week, MAS assistant managing director Loo Siew Yee talked about the new techniques being used to improve AML/CFT detection and risk mitigation.
October 17, 2019 -
797AML / KYCSingapore Banker Faces 94 Charges for S$1.9m Fraud
The former banker allegedly told his victims their funds would be placed as fixed deposits or in financial products, resulting in client losses over S$1.9mn.
October 8, 2019 -
476EnforcementTwo Singaporeans Jailed for Spoofing Derivatives Market
Two former directors of proprietary trading company Joerik Financial were jailed for fraud and dishonest conduct in relation to the trading of futures contracts.
October 8, 2019 -
757AML / KYC
Singapore Charges Second National for Terrorism Financing
A Singapore national was charged for providing money for terrorist purposes after he sent about $830 to an individual overseas who was said to have been facilitating terrorist acts.
September 19, 2019 -
1.3KAML / 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 -
711AML / 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 -
858AML / 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 -
710AML / 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 -
2.5KAML / 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
