by Jyotsna Bucktowar | Oct 9, 2024
It focused on five key areas: a) How to better prevent money launderers from misusing corporate structures; b) How financial institutions can enhance their controls and collaborate more effectively with one another and the authorities to guard against and flag...
by Jyotsna Bucktowar | Sep 26, 2024
SFV will be triggered in higher risk scenarios to strengthen and complement existing authentication methods for DT setup. SFV uses a face scan to verify a customer’s identity against national records before the customer’s DT can be activated for use. This makes it...
by Jyotsna Bucktowar | Sep 24, 2024
The first political office-holder in Singapore to be tried in court in the last 50 years known for bringing the Formula 1 Grand Prix to the country which concluded shortly before his court appearance. According to charge sheets he allegedly received gifts worth over...
by AdrianaAMLP | Sep 1, 2024
It introduces new or revised regulations to enhance oversight of cross-border money transfers between Singapore and China. It Increased transparency and reporting requirements for transactions to improve monitoring and traceability….
by Jyotsna Bucktowar | Jul 5, 2024
Singapore unveiled its National Asset Recovery Strategy, detailing its robust efforts to recover illicit funds and assets, and to return them to victims. Prime Minister and Minister for Finance Lawrence Wong announced the strategy at the opening of the FATF Plenary...
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