Blogs
Singapore’s Response to Emerging Threats and Regulatory Pressures 2024
In late 2023, a high-profilemoney laundering scandalexposed significant vulnerabilities in Singapore’s financial crime defences, with over $3 billion in assets seized across high-value sectors like real estate and luxury goods.
Key Takeaways from US Treasury and FSSCC Efforts to Drive Cloud Adoption
On July 17th, 2024, the U.S. Department of the Treasury, in collaboration with the Financial Services Sector Coordinating Council (FSSCC), published asuite of essential resourcesto facilitate secure cloud adoption in financial services. These deliverables
Update to Money Laundering Regulations in the UK
On January 10, 2024, theMoney Laundering and Terrorist Financing(Amendment) Regulations 2023, take effect. The updated regulations mark a slight shift in the regulatory landscape in the United Kingdom. These regulations introduce modifications to the Money
FED: ,,Unzulänglichkeiten bei der Deutschen Bank": Ein Blick hinter die AML-Strafe der Fed in Höhe von 186 Millionen Dollar
Die US-Notenbank Federal Reserve Board ("Fed") gab am 19. Juli bekannt, dass sie der Deutschen Bank eine Geldbuße in Höhe von 186 Mio. USD auferlegt hat, weil die Bank seit den letzten Zustimmungsbeschlüssen aus den Jahren 2015 und 2017 nur langsame Fortsc
Explaining the EU’s Proposed Regulatory Update for Ultimate Beneficial Owners and the Anti-Money Laundering Authority
The European Union (EU) recently decided to bolster efforts to combat money laundering and the financing of terrorism. The supranational body is looking to deploy a regulatory update to combat financial crime activity which focuses on how to properly monit
