Governments have "low levels of understanding" on the ML/TF risks posed by illegal fishing, leading to poor AML/CFT responses.
November 30, 2023A meeting with banks and payments firms was convened by federal authorities in the wake of recent disruptions at Uco Bank and Bank of Baroda
November 30, 2023The new alert mechanism will alert banking customers when an FPS proxy ID is flagged as “High Risk” on the Scameter search engine.
November 29, 2023The SFC is being accused of playing a "passive role" by not blocking suspicious crypto trading platform Hounax and preventing it from contacting the public.
November 28, 2023The court said both South Korea and the US have met Montenegro's legal requirements for Do Kwon's extradition.
November 27, 2023The SFC has asked the city’s Court of First Instance to inquire into the circumstances of non-compliance by AMTD Global Markets Limited and its former executives.
November 24, 2023Priority initiatives to make banking safer include a new confirmation of payee system and expanded intelligence sharing.
November 24, 2023The report proposes mitigation measures to address the risks and vulnerabilities associated with investment migration programmes.
November 23, 2023With frauds and crimes getting sophisticated, institutions and regulators need to assume an increased level of responsibility, said Deborah Young.
November 23, 2023By mid 2024, BNM and PayNet will also have finished building the new National Fraud Portal, a "smart system" for tracing fund movements and identifying money mules.
November 21, 2023