As part of Singapore’s initiative towards being a Smart Nation by leveraging technology to serve the nation better, MyInfo, a consent-based identity profile platform for Singaporeans or permanent residents, was launched by the Government Technology Agency (GovTech) and ... Read More →
South Africa’s Zuma Signs Anti-Money Laundering Bill Into Law
The President of South Africa, Jacob Zuma, signed the amendment of the Financial Intelligence Centre Act that aims at tackling money laundering, tax evasion, and terrorist financing activities. The bill will allow increased scrutiny of the bank accounts of "prominent ... Read More →
Singapore forms new AML/CFT partnership with MAS, CAD and eight banks
Singapore's financial regulator, Monetary Authority of Singapore (MAS), and the financial intelligence unit of Singapore, Commerical Affairs Department (CAD) of the Singapore Police Force, announced the launch of a government-industry partnership to ramp up efforts in ... Read More →
Formulating a Comprehensive AML Policy
In most countries with robust anti-money laundering/countering the financing of terrorism (AML/CFT) governance framework, it is compulsory for financial institutions (FIs) to have its AML/CFT framework documented in the form of a company policy. This allows the FIs to ... Read More →
Travel Agency Used as a Front by Terrorists
A travel agency was created on Bintan Island, Indonesia as a cover for the Islamic State in Iraq and Syria (ISIS) to facilitate the safe passage of other terrorists. The agency was created by Indonesia militant suspect Gigih Rahmat Dewe with an initial seed money of 27 ... Read More →
