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...] about Singapore’s MyInfo now used by banks, ease KYC process
CDD
How to conduct proper customer due diligence (CDD)
Conducting customer due diligence or CDD is a skill every AML compliance officer should have. A typical investigation into a potential suspicious transaction will begin with CDD. In most countries with robust AML/CFT framework, it is compulsory for a financial … [Read more...] about How to conduct proper customer due diligence (CDD)