Singapore Introduces New Bill to Combat Money Laundering
A Report by CYS Global Remit Legal & Compliance Team Singapore has introduced the Anti-Money Laundering and Other Matters Bill to...
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CYS INSIGHTS
Jul 2
OFAC Sanctions Shadow Banking Network for Iran Military
A Report by CYS Global Remit Legal & Compliance Team On June 25, 2024, the U.S. Department of the Treasury's Office of Foreign Assets...
Jun 25
Stepping Up the Fight Against Money Laundering: Key Takeaways from the FATF Meeting
A Report by CYS Global Remit Legal & Compliance Team At their recent meeting in Washington DC, FATF Ministers made big commitments to...
Jun 19
When Ethics Fail: The Hidden Deals Between Property Agents and Bankers
A Report by CYS Global Remit Legal & Compliance Office Property agents who represented the 10 foreigners in Singapore’s largest money...
Jun 11
Singapore Releases National Risk Assessment on Environmental Crimes and Money Laundering
A Report by CYS Global Remit Legal & Compliance Office Singapore has published an Environmental Crimes Money Laundering (ML) National...
Jun 4
Combatting Illicit Flows: China Reinforces AML Law
A Report by CYS Global Remit Legal & Compliance Office Exciting developments are unfolding in China! Significant revisions to the...
May 28
Biggest Challenges Facing AML Compliance Professionals in 2024
A Report by CYS Global Remit Legal & Compliance Office Under increasing regulatory pressure and continuously evolving regulations, modern...
May 20
Chinatown Jeweller Charged for Failed CDD in Gold Transactions
A Report by CYS Global Remit Legal & Compliance Office In a notable case that caught CYS Global Remit attention was Kim Heng Jewellers...
May 14
300 Suspected Scammers and Money Mules Probed by Police for S$9M Losses
A Report by CYS Global Remit Legal & Compliance Office In Singapore, the police have announced the initiation of an investigation into...
May 7
SG & HK Police Foil $370,000 Scam
A Report by CYS Global Remit Legal & Compliance Office The Singapore Police Force (SPF), in collaboration with two banks and the Hong...
Apr 30
Paytm Payments Bank Fined for Alleged Money Laundering
A Report by CYS Global Remit Transaction Monitoring Complianve Group Money laundering remains a critical concern in India's financial...
Apr 24
Russian Bought S$88m of Gold from Dealer in Changi to Launder Funds for Ukraine Invasion
A Report by CYS Global Remit Transaction Monitoring Compliance Group Recent headlines have brought to light a concerning instance...
Apr 17
13mo Jail Sentence in S$3b Money Laundering Case
A Report by CYS Global Remit Legal & Compliance Office On April 16th, 2024, Wang Baosen, a Chinese national embroiled in a S$3 billion...
Apr 9
MAS Launches COSMIC to Strengthen AML/CFT Defence
A Report by CYS Global Remit Legal & Compliance Office On April 1, 2024, the Monetary Authority of Singapore (MAS) announced the launch...
Apr 3
SG Police Officer Charged with Bribery
A Report by CYS Global Remit Legal & Compliance Office Enter the latest chapter in the ongoing legal saga of Poo Tze Chiang, a Singapore...
Mar 27
MAS Steps Up Scrutiny of China Wealth
A Report by CYS Global Remit Legal & Compliance Office Singapore has intensified its scrutiny of Chinese wealth entering the city-state,...
Mar 20
MAS Enhances Investigative Powers
A Report by CYS Global Remit Legal & Compliance Office The Financial Institutions (Miscellaneous Amendments) Bill, recently passed by...
Mar 13
U.A.E. Removed from Global Watch List for Money Laundering, Terrorism Financing
A Report by CYS Global Remit Legal & Compliance Office Great news from the financial world! The United Arab Emirates (U.A.E.) has...
Mar 5
Sports Gambling – A Growing Money-Laundering Risk
A Report by CYS Global Remit Legal & Compliance Office In a recent article from the Wall Street Journal, the spotlight fell on the risks...
Feb 27
Top Risk and Compliance Trends for 2024
A Report by CYS Global Remit Legal & Compliance Office In 2024, cybersecurity remains a paramount concern for organizations worldwide. As...
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