Governance, Risk & Compliance Financial crime risk governance models have a long way to go July 7, 2022 A live poll of risk and compliance practitioners has found that more than half believe “significant work remains” to improve the maturity of risk governance models across Asia and the… Read more
Governance, Risk & Compliance Hong Kong remains at ‘high risk’ for laundering, says senior official June 6, 2022 Hong Kong’s banking sector remains at “high risk” of being exploited for illicit fund flows, the territory’s most senior anti-money laundering (AML) official has warned. Carmen Chu, head of enforcement… Read more
Compliance Speed, volume of regulatory change continue to challenge firms in Asia – poll March 31, 2021 The pace and volume of regulatory change will be the single greatest challenges for compliance officers across the Asia-Pacific region in 2021. Read more
Governance, Risk & Compliance Thomson Reuters Wins Two Awards for Best Regulatory Change and Compliance Training Solutions December 17, 2020 Thomson Reuters Regulatory Intelligence (TRRI) has scooped two coveted industry gongs at the Regulation Asia Awards for Excellence during an online ceremony on Wednesday evening. The awards were selected by… Read more
Business Transformation FinCEN leaks highlight need for “radical” approach to tackling financial crime November 18, 2020 Governments need to consider taking more “radical” measures to tackle financial crime threats in the wake of the FinCEN Files, even if there is a risk of “intelligence leakage”, an industry poll has found. Read more
Governance, Risk & Compliance FinCEN leaks expose personal risk of AML/CTF compliance enforcement September 23, 2020 An unprecedented leak of thousands of files from the U.S. government’s most confidential financial intelligence database has shone a spotlight on the world’s $2 trillion-a-year dirty money habit. Read more
Uncategorized ANALYSIS: FinCEN leaks will shine spotlight on “effectiveness” of global AML/CFT regime September 21, 2020 The unlawful release of thousands of files from the U.S. financial intelligence unit’s database will shine a spotlight on the effectiveness of the international anti-money laundering (AML) regime, according to consultants with decades of experience in global banks and law enforcement agencies. Read more
Governance, Risk & Compliance Global ‘recalibration’ needed for AML/CTF regime in wake of pandemic June 25, 2020 The gradual phasing out of COVID-19 restrictions will present an unprecedented opportunity to recalibrate and potentially even “reset” the global financial crime compliance framework. The lessons from the pandemic have… Read more