Hong Kong - The Hong Kong Police Force (HKPF) in collaboration with the Hong Kong Monetary Authority (HKMA), the Hong Kong Association of Banks (HKAB) and several banks launched a 12-month pilot project named the Fraud and Money Laundering Intelligence Taskforce (FMLIT) ... Read More →
Latest updates around the world on AML/CFT.
Singapore - A recent poll conducted by data analytics firm FICO revealed that one in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 percent over last year's levels. Additionally, a further one in five senior fraud managers surveyed ... Read More →
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 →
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'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 →