by Jyotsna Bucktowar | Nov 10, 2024
Singapore’s National Anti-Money Laundering (AML) Strategy sets out the strategic approach to address money laundering (ML) risks and will guide our risk-targeted actions to combat ML amidst rapidly changing risks, trends and criminal typologies. Combatting ML is of...
by Jyotsna Bucktowar | Oct 22, 2024
In this variant, the victim would first receive an unsolicited call from a scammer impersonating a bank officer, typically from DBS, OCBC, UOB or Standard Chartered Bank. The scammer would inform the victim that a credit card has been issued under the victim’s name,...
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 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….
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