Financial institutions in Asia must employ strategic approaches to address financial crime by applying appropriate regulatory technology (regtech) tools and tactics, consultants at Deloitte Southeast Asia said. Firms will also…
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Cryptos on the rise
The benefits and challenges of cryptos together with an overview of the regulatory landscape for cryptocurrencies such as bitcoin.
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Compliance Perspectives: Leadership insights from senior compliance professionals
Jamil Ahmed: How financial compliance teams will evolve in 2021 HSBC Singapore’s chief compliance officer, Jamil Ahmed, discusses the skills and mindsets that compliance officers will need to develop as…
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IMPACT ANALYSIS: Operational resilience to take centre stage in corporate governance
Operational resilience can be defined as the ability of a firm, and the financial services sector as a whole, to identify and prepare for, respond and adapt to, and recover…
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Innovation is critical in fight against money laundering, say Asian AML regulators
Asia’s most senior regulators have urged banks to invest in technology, innovation and public-private partnerships as part of an international effort to be more effective in the fight against financial…
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Cost of Compliance 2021: Shaping the Future
Thomson Reuters Regulatory Intelligence has carried out its 12th annual survey on the cost of compliance, focusing on the challenges the compliance functions at financial services firms around the world expect to face in the year ahead.…
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Report: Singapore’s Regime on Anti-Money Laundering and Countering the Financing of Terrorism
Singapore’s openness as an international transport hub and financial centre presents inherent risk exposure to cross-border money-laundering and terrorism financing opportunities. While a strict legislative framework is in place to…
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Financial Stability Institute paper on supervising crypto-assets
The Financial Stability Institute of the Bank for International Settlements has published a policy paper on supervising crypto-assets for money laundering. The paper highlights that the supervision of crypto-asset service…
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Brace yourself: New Risk Alerts on Terrorism Financing in Singapore
Our in-depth analysis of Singapore’s Terrorism Financing National Risk Assessment reveals which types of firms are most vulnerable to enabling financial crime. Financial institutions in Singapore are at a high…
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Shining the spotlight on anti-money laundering in Asia
Expert analysis by Brian Burke, Mathew Orr and Rishikeesh Wijaya, Shearman & Sterling LLP This article was originally published on Thomson Reuters Regulatory Intelligence. Effective enforcement of anti-money laundering (AML)…
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