All posts tagged "effectiveness"
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587AML / KYCFATF Report Highlights Opportunities for Japan’s FIs
Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
September 24, 2021 -
148Australia & NZAustralia Appoints Inaugural Members to FRAA
Nicholas Moore, ex-CEO of Macquarie Group, has been appointed as Chair of the Financial Regulator Assessment Authority, which will oversee ASIC and APRA.
September 15, 2021 -
542AML / KYCMAS Finalising New Data-sharing Platform for Banks
The new platform will enable banks to securely share information on customers exhibiting significant risk red flags and warn each other of potential criminal activity.
August 6, 2021 -
293AML / KYCHKMA Issues Guide for Regtech Adoption in Customer Monitoring
The Guide will help banks assess whether they have the appropriate governance, controls, skills, infrastructure and underlying data to adopt Regtech solutions in ongoing monitoring of customers.
July 27, 2021 -
571AML / KYC
Japan Banks to Deploy Shared System for AML/CFT Monitoring
The FSA's Hiroshi Ozaki said the banking sector is planning to deploy a shared transaction monitoring and screening system for AML/CFT across the industry.
July 23, 2021 -
293AML / KYCFATF Examines Technology Use in AML/CTF Efforts
While the use of innovative AML/CFT technologies can help identify risks and focus compliance efforts, manual review and human input remain "very important".
July 5, 2021 -
300AML / KYCRisk Assessments Should Focus on National Priorities: Wolfsberg Group
Most FIs focus their AML/CTF risk assessments on technical compliance rather than government priorities and effectiveness, the Wolfsberg Group says.
July 5, 2021 -
218AML / KYCEBA Consults on Proposals for Central AML/CFT Database
The central database will serve as an early warning tool to enable competent authorities to act before ML/TF risks crystalise and faciltiate inspections and monitoring.
May 12, 2021 -
756AML / KYCData Analytics Becoming Embedded at Singapore FIs
The increased use of data analytics and digital processes has led to increased AML/CFT effectiveness, according to Assistant Managing Director Ms Loo Siew Yee.
May 3, 2021 -
358AML / KYCFATF Publishes New Zealand Mutual Evaluation Report
Of the 40 recommendations, New Zealand is 'Compliant' on 21, 'Largely Compliant' on 7, and 'Partially Compliant' on 12.
April 30, 2021
