CYS INSIGHTS

Dec 26, 2023

AI Onboarding Saving Banks $900m by 2028

A Report by CYS Global Remit Legal & Compliance Office In a groundbreaking report from Juniper Research, a trailblazer in FinTech and...

Dec 18, 2023

Grab Driver & Director of 60 Companies fined S$28,000

A Report by CYS Global Remit Legal & Compliance Office In a recent legal development reported by Today Online, a director, Koh, aged 46,...

Dec 12, 2023

Binance Chief Zhao Pleads Guilty

A Report by CYS Global Remit Legal & Compliance Office In recent news, Binance chief, Changpeng Zhao, has stepped down and pleaded guilty...

Dec 4, 2023

CYS Invests in Ethics & Compliance

A Report by CYS Global Remit Legal & Compliance Office Amid heightened regulatory scrutiny, economic fluctuations, stakeholder activism,...

Nov 29, 2023

Man Jailed for Laundering S$450,000 Scam Proceeds to China

A Report by CYS Global Remit Legal & Compliance Office In a recent case, a Singapore permanent resident, originally from China, was found...

Nov 21, 2023

OCBC Dubai Fined for AML Lapses

A Report by CYS Global Remit Legal & Compliance Office In a recent development, the Dubai Financial Services Authority (DFSA) has levied...

Nov 15, 2023

UAE Praises SG on AML

A Report by CYS Global Remit Legal & Compliance Office An article in Straits Times published on 14 November 2023 titled “S’pore handling...

Nov 7, 2023

AUTOMATING COMPLIANCE FOR CROSS-BORDER PAYMENTS

A Report by CYS Global Remit Transaction Monitoring Unit In an exciting collaboration, the Bank for International Settlements (BIS),...

Oct 31, 2023

S$360,000 to Become Singaporean?

A Report by CYS Global Remit Transaction Monitoring Compliance Function Group In recent news, the CYS Global Remit Transaction...

Oct 25, 2023

Leading the Battle Against Money Laundering | CYS Transaction Monitoring Compliance Unit

Contributed by CYS Global Remit Transaction Monitoring Compliance Unit At CYS Global Remit, the Transaction Monitoring Compliance Unit or...

Oct 17, 2023

SG Banks Tighten AML

A report by CYS Global Remit Legal & Compliance Office Singapore's recent crackdown on a money laundering network involving over S$2.8...

Oct 11, 2023

MAS Upholds Financial Integrity Vigilant Stand Against Money Laundering

Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance Singapore remains resolute in its commitment to upholding a...

Oct 3, 2023

S$2.4 Billion Money Laundering Case Continues

Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance In recent developments, we've seen the major transnational money...

Sep 27, 2023

Staying Ahead of Scams - CYS Commitment to Cyber Security

Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance In the first half of 2023, Singapore witnessed a concerning surge...

Sep 20, 2023

DPM Heng Swee Kiat on AML

Contributed by Jarret Tham, Head of Compliance "We want Singapore to be a financial center that people can trust." This was shared by...

Sep 13, 2023

CYS Navigates the Crypto Frontier

Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance The World Federation of Exchanges (WFE), a prominent global...

Sep 6, 2023

How CYS Safeguards Against Money Laundering

Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance In what has become one of Singapore's most significant police...

Aug 30, 2023

Technology in AML

Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance In the ever-evolving battle against money laundering, we...

Aug 23, 2023

Abuse of Financial System for Illicit Activities - MAS Won't Tolerate

Contributed by Jarret Tham, Head of Compliance The collaboration of stakeholders within the financial system to counter money laundering...

Aug 16, 2023

AI + Machine Learning

The New Frontier in Global AML Efforts Contributed by Ang Cong Shen, Head of Transaction Monitoring Compliance In a rapidly evolving...