All posts tagged "Financial crime"
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113AML / KYCFighting Financial Crime with Advanced Technologies
AI and machine learning make it easier for firms to spot suspicious behavior and reduce false positives, but adoption is not without challenges, says Ashish Rai.
August 2, 2021 -
230Contributed ArticleCulture & Conduct Risk: The Normalization of Deviance
Many still believe that misconduct can be discovered only after it occurs: a ‘detect and correct’ mindset. Starling's Stephen Scott says a ‘predict and prevent’ approach is starting to emerge.
July 29, 2021 -
232AML / KYCHKMA Targets Effectiveness in Addressing AML, Fraud risk
HKMA Executive Director Carmen Chu highlights the need for transformation and collaboration to combat new AML and fraud challenges in the digital era.
July 22, 2021 -
92AML / KYCMAS, ABS Working to Improve Safeguards Against Scams – Reports
A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021 -
165AML / KYCCovid-19 Forced Companies to Short-cut KYC, Due Diligence
A new Refinitiv report has found that Covid-19 substantially increased customer and third-party risks. Yet it also increased focus on ESG and green crime.
July 14, 2021 -
110EnforcementICAC, SFC Arrest Listed Company Exec in Joint Operation
The ICAC and SFC searched a number of premises, including the offices of the listed company and one of its IPO underwriters.
July 8, 2021 -
152AML / KYCJapan to Form Cross-agency AML Team Following FATF Review
A new team being formed under the Cabinet Secretariat may help overcome the current fragmented bureaucracy and enhance cross-agency coordination.
July 5, 2021 -
224AML / 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 -
85AML / KYCECA Warns of Weaknesses in EU’s AML/CFT Regime
AML/CFT efforts are hindered by institutional fragmentation and poor co-ordination at EU level, among other weaknesses.
July 3, 2021 -
380AML / KYCDigital Identity: A Sound Model for Risk Mitigation
Lax attitudes towards security by consumers have made it increasingly important for banks to take advantage of digital identity systems and put in place robust security measures.
June 29, 2021
