All posts tagged "Financial crime"
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300AML / 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 -
164AML / KYCAUSTRAC Issues Guidance on Filing More Effective SMRs
The new resources include a reference guide and checklist, and feature guidance on how to write succinct, accurate and clear grounds for suspicion.
May 3, 2021 -
257AML / KYCAustralia Scraps Plan to Introduce Beneficial Ownership Register
Senator Jane Hume reportedly refused to back the register, a move experts say will entrench Australia as a money laundering haven.
April 30, 2021 -
242AML / KYCMitigating Illicit Convergence in Transnational Financial Crime
Rani Hong, Sasha Lezhnev, Ben Spevack and Che Sidanius discuss efforts under way to prevent the illicit exploitation of legal infrastructures for crime.
April 27, 2021 -
293AML / KYCDigital ID Perceived As Beneficial in Combatting Financial Crime
Digital IDs are perceived as beneficial for the fight against financial crime, an ACAMS-RUSI survey finds. However they may also present risks.
April 15, 2021 -
115InternationalG20 to Use All Available Policy Tools for As Long As Required
G20 Finance Ministers and Central Bank Governors committed to avoiding any premature withdrawal of Covid-19 support measures, in line with the FSB’s recommendations.
April 12, 2021 -
1.0KAML / KYCFATF President Calls for Rethink of Regulatory Culture
Dr Marcus Pleyer says supervisors and compliance officers in banks and companies mostly still take a basic tick-box approach.
April 9, 2021 -
167AML / KYCFinCEN Consults on Beneficial Ownership Reporting Requirement
FinCEN is asking for written comments on the implementation of the beneficial ownership information reporting of the Corporate Transparency Act.
April 8, 2021 -
862AML / KYCCompliance Costs Impacted by Technology, Covid: Report
Firms across APAC that allocate a higher percentage of compliance spend to technology have comparatively lower overall compliance cost.
March 26, 2021 -
186AML / KYCFCA Files Criminal Proceedings Against NatWest for AML Failures
NatWest is facing criminal charges for not adequately monitoring and scrutinising large payments into a corporate client's accounts.
March 19, 2021
