Financial crime and anti-corruption campaigners have expressed cautious optimism that Najib Razak’s conviction over the 1MDB corruption scandal will mark a turning point for Malaysia as it seeks to combat…
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Financial crime risk governance models have a long way to go
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…
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[On-demand webinar] Preparing your organisation for increased financial crime compliance management
As regulatory pressure on the financial sectors in Asia Pacific and the Middle East ramps up, regulators are flexing their enforcement muscle by adopting zero tolerance to breaches and misconduct.…
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Singapore to assume FATF presidency
A senior international advisor at Singapore’s Ministry of Home Affairs is to become the first Singaporean to lead the Financial Action Task Force (FATF) since the city-state joined in 1992.…
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COLUMN: Cryptocurrencies – regulators at a crossroads
Wild swings in the value of cryptocurrencies and a lack of regulatory certainty on how to treat them have failed to deter younger investors from buying coins in their billions.…
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Financial institutions in Asia boost efforts to tackle financial crime amid regtech push
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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FinCEN leaks highlight need for “radical” approach to tackling financial crime
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.
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Financial Crime during COVID-19: Tackling fraud, scams and misinformation [Infographic]
Thomson Reuters has compiled an infographic that provides a snapshot of the COVID-19 pandemic’s impact on financial crime across the globe. Our brief visual guide features key statistics gathered from…
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Global ‘recalibration’ needed for AML/CTF regime in wake of pandemic
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 moreOn-Demand Webinar | Financial Crime during COVID-19: Tackling fraud, scams and misinformation
Governments everywhere are overwhelmed by the task of managing the ongoing pandemic, and criminals will be searching for opportunities to exploit the crisis.Organizations and individuals should expect an increased risk…
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