New Anti-Money Laundering Requirements for Real Estate Agents and Lawyers
A Report by CYS Global Remit Legal & Compliance Office Overview In response to lessons from a major money laundering case involving...
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CYS INSIGHTS
Oct 22
TD Bank Fined Nearly $3.1B by U.S. Regulators for AML Compliance Failures
A Report by CYS Global Remit Legal & Compliance Office TD Bank, a leading financial institution in North America, has been fined a...
Oct 16
Understanding Attack Surface Management: Definition, Scope, and Importance
A Report by CYS Global Remit Legal & Compliance Office In the ever-evolving cybersecurity landscape, organizations are increasingly...
Oct 8
Embedding Integrity: The Role of Compliance Programs in Shaping Corporate Culture
A Report by CYS Global Remit Legal & Compliance Office Ethics and compliance training is vital in cultivating a corporate culture that...
Oct 2
Talent Shortage and Patchy Compliance: Vulnerabilities in Singapore's Money Laundering Defences
A Report by CYS Global Remit Legal & Compliance Office The recent large-scale money laundering case in Singapore has highlighted...
Sep 24
MAS Updates Licensing Guidelines for Payment Service Providers
A Report by CYS Global Remit Legal & Compliance Office In July 2024, the Monetary Authority of Singapore (MAS) introduced significant...
Sep 17
Defining Ethical AI in Singapore: Principles and Practices
A Report by CYS Global Remit Legal & Compliance Office In Singapore, ethical AI is defined by the principles set forth in the Model AI...
Sep 10
Real-time Monitoring: Your Compass Through Trade Compliance
A Report by CYS Global Remit Legal & Compliance Office In today’s rapidly changing regulatory environment, real-time monitoring stands as...
Sep 3
Unveiling Ultimate Beneficial Owners (UBOs): A Push for Transparency
A Report by CYS Global Remit Legal & Compliance Office The unmasking of Ultimate Beneficial Owners (UBOs) represents a significant shift...
Aug 28
Navigating Rising Compliance Costs: Achieving Balance in Modern Business
A Report by CYS Global Remit Legal & Compliance Office In today’s fast-paced world, rising compliance costs are a pressing concern for...
Aug 19
Singapore Casinos to Implement Stricter Due Diligence on Cash Transactions to Combat Terrorism Financing
A Report by CYS Global Remit Legal & Compliance Office Casinos in Singapore will soon adhere to tighter regulations concerning due...
Aug 13
Hong Kong's AIA Group Fined $3 Million for AML Deficiencies
A Report by CYS Global Remit Legal & Compliance Office In a significant compliance enforcement action, Hong Kong's Insurance Authority...
Aug 6
Digital Payments and Precious Metals Highlighted as High-Risk Areas in Singapore's Updated Money Laundering Risk Assessment
A Report by CYS Global Remit Legal & Compliance Office Singapore's latest national risk assessment has identified precious stones,...
Jul 30
Singapore Tightens Crypto Exchange Regulations Amid Enhanced AML/CFT Measures
A Report by CYS Global Remit Legal & Compliance Office In a significant move to bolster its position as a leading international finance,...
Jul 24
Singapore Cracks Down on Money Launderers with Tough New Legislation
A Report by CYS Global Remit Legal & Compliance Office In a bold move to tighten the noose on financial criminals, Singapore has...
Jul 15
Singapore Proposes Stricter Anti-Money Laundering Laws
A Report by CYS Global Remit Legal & Compliance Office To strengthen efforts against money laundering, Singapore has introduced new laws...
Jul 9
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...
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...
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