Recent events in Singapore that hint at changes in 2024
December 18, 2023
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…
KYC – Know Your Customer is not only relevant for banks
December 8, 2023
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…
A candid – although short – interview with outgoing Singapore MAS MD Ravi Menon on money laundering
November 14, 2023
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…
Implementing Effective Mandatory Annual Compliance Training Programs
September 26, 2023
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…
On sanctions, corruption, real estate and luxury goods in Singapore
September 26, 2023
The raid and the capture of hundreds of millions of assets and luxury goods has been headline news for a while in Singapore and it raises many questions in the press, for instance on the diligence of…
What is the MAS up to?
September 20, 2023
The news about the capture of close to a billion Singapore dollar in assets under a suspicion of money laundering is only the beginning… - first there’s a reaction from MAS in the Business…
Don’t be impressed by wealth
August 31, 2023
Nice work CNA in this article – the experts know what money laundering is but many people don’t and general awareness needs to improve. Netflix series like Ozark or a movie like The Laundromat have…
AML is not only relevant for banks
August 23, 2023
We all know that criminals – and perhaps people in general – will look for easy ways to achieve their goals - so it’s likely that a money launderer will not bring it’s dirty money to a bank known for…
Digital learning innovation for AML and KYC
August 8, 2023
The Global learning management system market was worth around 14.9 billion US Dollars in 2021, and is estimated to grow to about 43.6 billion US Dollars by 2028, with a compound annual growth rate of…
Audio Compliance Learning
June 27, 2023
The landscape of digital audio has significantly changed over the last years, gaining substantial popularity among adults. Surveys have shown that for instance 62% of U.S. citizens have listened to a…