Beyond Tick-the-Box Compliance: Unveiling the True Impact of Regulatory Annual AML/CFT Training

In the realm of financial regulation, Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) measures stand as bulwarks against illicit activities that threaten the integrity of…

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On the Wolfsberg Group, financial inclusion and the importance of financial crime compliance training

Over the last months the Wolfsberg Group has published numerous articles ranging from Countering Terrorist Financing to Country Risk FAQs and the Travel Rule Guidelines.…

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What if you don’t have an LMS and what if you do.

Many larger companies – banks, financial institutions or any other type of organisation, use a Learning Management System. Just like i-KYC does. Let us dig into the various ways course materials can…

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Trace Together and other government apps

The announcement – summarised by the Straits Times here is of course good news and not really surprising. Although I guess it’s news because many people would not have been surprised if the…

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Singapore as tax haven

This article is a week old and I’ve been pondering what to think and make of it. It’s always good news if perpetrators are caught, but something just feels amiss here. I’ve worked for and with…

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What to expect from AML/CFT in 2024

Written by Justin Muscolino: jtmcompliancetraining.com The global landscape of Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) within the financial sector is currently undergoing…

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Recent events in Singapore that hint at changes in 2024

When the news came out earlier this year that the government was working on a big money laundering bust, one of the first comments already indicated that the regulations in the island state were not…

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KYC – Know Your Customer is not only relevant for banks

We’ve talked about it before but this article https://www.straitstimes.com/singapore/courts-crime/jail-for-2-nominee-directors-whose-shell-companies-laundered-almost-20m-in-scam-profits highlights…

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A candid – although short – interview with outgoing Singapore MAS MD Ravi Menon on money laundering

Some key points we picked up from the interview with Bloomberg TV here on the question ‘is this just the tip of the iceberg’ his answer is not conclusive – but I believe the consensus in the market…

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Implementing Effective Mandatory Annual Compliance Training Programs

Introduction In today's ever-evolving regulatory landscape, ensuring that your organisation complies with relevant laws and regulations is not just a legal obligation; it's essential for maintaining…

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