NEW YORK (Reuters) - Large financial institutions across the world could lose 24 percent of their revenues to financial technology companies over the next three to five years, according to a new study by PricewaterhouseCoopers. Of the more than 1300 financial industry ... Read More →
Latest updates around the world on AML/CFT.
Switzerland's second-largest bank, Credit Suisse, has been raided on Thursday after a tip-off to Dutch prosecutors. The coordinated raids happened in, Netherlands, Britain, Germany, France and Australia. Dutch Anti-Fraud Agency, the FIOD, are "investigating dozens of ... Read More →
Compliance-related jobs, once in hot demand, are now slowing down as technology is now robust enough to perform transactional surveillance on behalf of humans. Banks around the world have been deploying new technology that can replace manual Customer Due Diligence ... Read More →
On the 10th March 2017, Singapore's Parliament passed changes to the Companies Act to help supplement its fight against money laundering and terrorist financing (ML and TF).To ensure transparency and better governance, companies must now maintain a register that ... Read More →
Singapore - According to the annual report of the Commercial Affairs Department (CAD), the total number of reports filed for the year of 2015 is 30,511. This amount is vast increase of last year, where financial institutions filed a total of 29,082.CAD said the ... Read More →