The AMLC has partnered with AML Analytics as its testing and validation partner to conduct a thematic review of customer- and transaction-screening systems at FIs and DNFBPs.
April 26, 2022The commitment includes action to promptly implement global beneficial ownership rules and increase countries' capabilities to recover criminal assets.
April 22, 2022The FATF finds that countries have made "huge progress" in improving technical compliance, but many still face substantial challenges in taking effective action.
April 20, 2022BNM is using technology to improve its risk-based supervision, intelligence analysis, data science techniques and off-site surveillance.
December 6, 2021Changes being considered include the introduction of a new registration regime for all AML/CFT businesses, a licensing regime for VASPs, and direct penalties for senior managers.
October 8, 2021The COSMIC platform will be developed and deployed in phases. The initial participants are DBS, OCBC, UOB, StanChart, Citibank and HSBC.
October 3, 2021The guidance now covers targeted financial sanctions related to terrorism, terrorism financing, and proliferation financing, including remedies and relevant UNSC links.
September 13, 2021The report says more needs to be done to combat organised crime and WMD proliferation risks, and a joint-agency body should be designated for setting national AML/CFT policies.
August 31, 2021The report includes information on the risks associated with proliferation financing, Covid-19, cryptocurrencies, shell companies, and real estate.
August 26, 2021A task force has been set up to help Singapore's financial industry improve safeguards against scams and fraudulent transactions.
July 15, 2021