Unlock the Power of Trade Finance and Combat Trade-Based Money Laundering
June 18, 2024
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…
The importance of understanding Trade Finance products in the fight against TBML
June 18, 2024
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…
Fighting Financial Crime – are we really?
June 18, 2024
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…
The new Payment Services Act in Singapore
April 10, 2024
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…
Beyond Tick-the-Box Compliance: Unveiling the True Impact of Regulatory Annual AML/CFT Training
March 26, 2024
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…
On the Wolfsberg Group, financial inclusion and the importance of financial crime compliance training
March 26, 2024
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.…
What if you don’t have an LMS and what if you do.
March 26, 2024
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…
Trace Together and other government apps
February 21, 2024
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…
Singapore as tax haven
December 29, 2023
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…
What to expect from AML/CFT in 2024
December 19, 2023
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…