The HKMA fined CA Indosuez's Hong Kong branch for failing to continuously monitor business relationships with some clients.
November 30, 2023The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.
November 23, 2023The requirements cover the internal policies FIs must put in place to share information through COSMIC, and the appropriate use and safeguarding of information received.
November 17, 2023Accenture was recognised for its work with multiple systemically important and other banks in areas ranging from financial crime compliance
November 14, 2023Three regional banks will use the same centralised service platform to perform AML/CFT operations.
November 6, 2023The updated Standards support the use of the LEI in global payments, which GLEIF welcomed as a "strong endorsement".
October 25, 2023The FCA published findings from a review of the systems and controls payment account providers have in place to detect and prevent money mule activity.
October 23, 2023Singapore’s Attorney General’s Chambers has established a Technology Crime Task Force and Virtual Currency Task Force.
October 19, 2023APAC’s USD 45bn financial crime compliance costs are due to higher costs of regional manpower and technology expenses, according to LexisNexis Risk Solutions.
October 17, 2023The FCA said the 2017 cyber breach against Equifax's US parent allowed hackers to access the personal data of 13.8 million UK consumers.
October 16, 2023