ICBC New York Fined $32 Million for Compliance Failures
A Report by CYS Global Remit Legal & Compliance Office The Industrial & Commercial Bank of China (ICBC) will pay approximately $32...
top of page
CYS INSIGHTS
Feb 6
S$1.5 million Scam Foiled
A Report by CYS Global Remit Legal & Compliance Office A 71-year-old individual in Singapore narrowly avoided losing S$1.5 million...
Jan 31
FIs Spending More to Fight Crime
A Report by CYS Global Remit Legal & Compliance Office The financial landscape in Singapore is witnessing a substantial increase in...
Jan 24
Rite-Aid Faces Issues with AI Facial Recognition
A Report by CYS Global Remit Legal & Compliance Office Rite Aid Corporation, an American drugstore chain based in Philadelphia,...
Jan 16
Protecting Non-Profit Organisations from Money Laundering
A Report by CYS Global Remit Legal & Compliance Office Non-Profit Organizations (NPOs) play a pivotal role in extending assistance to...
Jan 9
Cayman Islands Off FATF Grey List
A Report by CYS Global Remit Legal & Compliance Office On the 27th of October 2023, the Cayman Islands achieved a significant milestone...
Jan 3
Money Laundering Now a Greater Risk, Say Singapore FIs
A Report by CYS Global Remit Legal & Compliance Office In a recent report by the Monetary Authority of Singapore (MAS) on November 27,...
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...
bottom of page