A key objective of the update is to support greater use of technology to generate targeted alerts and more actionable intelligence, the HKMA said.
February 10, 2023The FSA's Daisuke Mamba and Hiroshi Ozaki discuss the regulator's approach to its AML/CFT inspections and recent work to develop shared AML systems for the industry.
January 10, 2023Many of the new questions in the SFC's updated BRMQ focus on AML/CFT practices and brokerage business controls.
December 30, 2022The recommendations follow bank inspections that were launched in response to suspicious FX transactions used by customers to exploit the so-called “kimchi premium”.
December 8, 2022The IFSCA said all senior managers are responsible for compliance with the new guidelines, which also apply to financial groups of regulated entities.
November 8, 2022Accenture's Irene Liu and team discuss the use of NLP technology within compliance functions, as well as the adoption challenges and how to address them.
October 27, 2022BSI Singapore's former head of private banking contributed to the bank's failure to file STRs for 1MDB-related transactions when there were reasonable grounds to do so.
October 11, 2022Financial intermediaries will be required to monitor for and report financial activity and transactions suspected to be related to human trafficking.
September 25, 2022MAS found issues with EFI appointment, oversight and escalation. Customer risk assessments and ongoing monitoring need improvement.
September 14, 2022The guidance covers governance, risk assessment frameworks, customer due diligence, enhanced CDD, and suspicious transaction reporting.
August 25, 2022