Update 20 Dec 2017 - MAS issued Prohibition Orders to Mr Yeo Jiawei and Mr Kevin Scully and has been updated below. SINGAPORE - The central bank of Singapore, Monetary Authority of Singapore (MAS), announced that it had concluded its review of transactions relating ... Read More →
Commentary section on AML/CFT.
The Wolfsberg Group (Wolfsberg) updated its guidance as to how Financial Institutions (FIs) should hand the money laundering risks posed by Politically Exposed Persons (PEPs). Wolfsberg reiterated the importance of addressing the financial crime ... Read More →
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 →
Singapore's mutual evaluation with the Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) recently concluded on September 2016 and here are the summarised results. Rating Methodology Immediate Outcomes (I.O) represents the ... Read More →
London - A man wielding two knives killed 4 people and injuring 40 others before being shot dead by officers. Prime Minister Theresa May condemned this act as a "sick and depraved terrorist attack." The act happened on London's Westminster Bridge where the assailant ... Read More →