Tag: FATF

Suspicious Matter Reporting (SMR) plays a central role in global efforts to combat ML and TF. For lawyers, accountants, real estate agents, and TCSPs...

CDD and KYC obligations have become foundational components of compliance for lawyers, accountants, real estate agents and TCSPs. Often referred to as “gatekeeper professions”, these...

AI readiness has emerged as one of the most pressing challenges—and opportunities—for financial institutions heading into 2026. According to Quantifind, the message was clear across...

Malaysia’s financial institutions are entering a pivotal phase as regulators intensify their focus on anti-money laundering (AML) standards and financial crime threats become more...

Singapore’s position as a global financial hub brings heightened responsibility to prevent financial crime. Over the past few years, the Monetary Authority of Singapore...

Trade-based money laundering (TBML) has become one of the most challenging threats facing the financial system, as illicit funds can be hidden behind legitimate...

Banks and financial institutions are increasingly facing scrutiny for blanket de-risking — a practice designed to mitigate exposure to financial crime but which often...

The FATF has rolled out major updates following its October 2025 Plenary, reshaping how financial institutions and regulated entities approach AML compliance. According to...

In August 2024, Singapore’s Parliament enacted the Anti-Money Laundering and Other Matters Act 2024, a pivotal step in tightening the city-state’s defences against financial...

Identifying UBOs remains one of the most complex challenges in CDD. These individuals, who ultimately control or benefit from a legal entity, must be...