Billion-dollar money laundering case: 9 out of 10 accused in S’pore have Cambodian links September 3, 2023 Futu Holdings stock climbs after double-upgrade at BofA August 28, 2023 Singapore's OCBC bank says it is facing technical problems ...
The recent billion-dollar money laundering crackdown highlighted the need to strengthen the anti-money laundering regime. Money launderers operate across different FIs, AI is one of the tools to join the dots across them. To use AI and generative AI to deliver near-term outcomes, transformative ...
Singapore dollar coins and banknotes are issued by the Monetary Authority of Singapore, which serves as both the country’s central bank and overall financial regulatory entity. All of Singapore’s issued currency – estimated at just over S$30 billion – is fully backed by gold, silver, or o...
With the lack of physical infrastructure, digital banks (as well as traditional banks providing digital services) may face difficulties in customer onboarding and complying with existing anti-money laundering/combatting the financing of terrorism (“AML/CFT”) requirements. As such, in addition to ...
Australia to crack down on crypto ATM providers, citing money laundering risk Dec 06, 2024 | by Stephen Katte Australia has the third-largest number of crypto ATMs globally and regulators are worried that they may be facilitating financial crime. News Circle says USDC is first stablecoin to ...
Stopping bad guys: Companies dealing with crypto in Singapore have to follow strict rules to prevent money laundering and make sure they know who their customers are. Looking out for regular folks: The government has put in place measures to protect everyday investors, including limits on how cr...
“ICBC”) entered into aconsent Cease and Desist Order. As we have previouslyblogged, ICBC is no stranger to AML investigations, and has been the subject of a significant money laundering investigation in Spain. More recently, theFederal Reserve Bank of New York(the “Reserve Bank”) examined...
Advised a state operator on the implementation of responsible gaming policies and know-your-customer principles in compliance with anti-money laundering policies Advised various online gaming software distributors on anti-money laundering laws Negotiated various IT procurement contracts on behalf of a gaming...
Dechert (Singapore) Pte. Ltd., One George Street, #16-03, Singapore, Singapore 049145 +65 6730 6999 +65 6730 6979 Google Maps Key Contact Dean Collins PartnerSingapore +65 6730 6988dean.collins@dechert.com Private Equity Investment Funds ...
introducing requirements relating to anti-money laundering (AML) and countering the financing of terrorism (CFT) and financial stability, and reflecting Singapore’s commitment to fostering innovation in the crypto and tokenization space. Emerging technologies such as artificial intelligence (AI) and block...