Transaction Monitoring: A Collective Effort in Combating Financial Economic Crime
December 17, 2024
In today's financial landscape, Transaction Monitoring stands as a critical defense against financial economic crime. This process involves the continuous analysis of financial transactions to detect…
Single Family Offices in Singapore
October 22, 2024
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…
Our Courses – Evolving with Market Developments
September 23, 2024
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…
Money Laundering in Real Estate: A Growing Threat
September 23, 2024
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…
Widening the net
September 23, 2024
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…
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…