Single Family Offices in Singapore

Another session in parliament was held in Singapore discussing the matter of Single Family Offices or SFOs. While the sector is clearly buoyant and continues to grow, last year’s money laundering…

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Our Courses – Evolving with Market Developments

The trend that regulators expand their reach continues – we earlier mentioned that in Singapore, the UK, Australia and other countries, sectors beyond traditional banks come under scrutiny of…

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Money Laundering in Real Estate: A Growing Threat

The real estate sector has long been a prime target for money launderers looking to clean their illicit funds. Recent cases highlight how this problem continues to plague the industry, posing…

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Widening the net

We can’t repeat it enough: criminals that want to launder their dirty money will try and find the weakest point/location/currency/type of transaction as entry into the financial system. Regulating…

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Unlock the Power of Trade Finance and Combat Trade-Based Money Laundering

In today's interconnected global economy, trade finance plays a pivotal role in facilitating international trade transactions. However, the complexities of trade finance products also present…

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The importance of understanding Trade Finance products in the fight against TBML

Trade-based money laundering (TBML) is a complex and sophisticated technique used by criminals to disguise the illicit origin of funds through legitimate trade transactions. It involves exploiting…

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Fighting Financial Crime – are we really?

There are wars in the Middle East, in the Ukraine, parts of Africa and yes there is too much fraud, money laundering, terrorist financing and proliferation financing going on that needs to be…

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The new Payment Services Act in Singapore

The Monetary Authority of Singapore (MAS) last week (finally) introduced amendments to the Payment Services Act (PS Act) and its subsidiary legislation to expand the scope of payment services…

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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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