24th May 2017
One in five banks in the Asia Pacific expects tax evasion in 2017 to increase 100 to 500 per cent over last year’s levels according to a recent poll by data analytics firm Fico. A further one in five senior fraud managers surveyed said they expect the increase to be… Read More
28th April 2017
The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police Force will set up a partnership with industry and regulators to fight money laundering and terrorism financing. The Anti-Money Laundering and Countering the Financing of Terrorism Industry Partnership (ACIP) will invite industry partners, regulators,… Read More
24th April 2017
As quickly as the financial technology innovations are making banking easier and more cost effective, so financial crime also rapidly evolves and moves across borders. To address what is sees as the burgeoning threat The Monetary Authority of Singapore (MAS) and the Commercial Affairs Department (CAD) of the Singapore Police… Read More
21st April 2017
Nine years on from the 2008 financial crisis, regulators are now entering a new phase, one that requires them to take stock of the reforms implemented so far and position themselves for the technological changes sweeping the financial industry, said Monetary Authority of Singapore managing director Ravi Menon. Mr Menon,… Read More
19th April 2017
Last week Singapore announced that it has adopted the ISO 37001 Anti-Bribery Systems Management Standard to help companies there implement and manage anti-bribery best practices. Singapore’s adoption of ISO 37001 comes shortly after Peru, which formally adopted the Standard on April 4, becoming the first Latin American country to do… Read More
17th January 2017
The World Economic Forum has released its 2017 "Inclusive Growth and Development Report" — a major look into how nations around the world can best ensure that their businesses and institutions function as efficiently as possible. Read More
13th January 2017
Yeo Jiawei, accused of money laundering, used a Seychelles-based company for a series of purchases in the Australian tourist town. Read More
21st December 2016
A Singapore banker has been convicted for his role in moving money that had originated from Malaysian state investment fund 1MDB. Read More
13th December 2016
The Senate is giving more teeth to the Anti-Money Laundering Act (AMLA) by amending its current provisions to include casino operators and junket operators among the covered institutions of the law. Read More
7th December 2016
The mastermind of an employment scam was on Tuesday (Dec 6) sentenced to 42 weeks jail in total, the Ministry of Manpower said in a press release on Wednesday. Read More