Bank Negara Malaysia has suggested new electronic KYC guidelines
Having issued a policy document earlier in 2019, Bank Negara Malaysia has now released a draft for how the rules around electronic know your customer (KYC) could look like in the future in the country.
Paychex launches cyber liability product
Paychex has launched cyber liability protection which will help companies with costs from data breaches, hackers, ransomware and banking fraud.
Singapore’s central bank is targeting onshore shell companies involved in money laundering
The Monetary Authority of Singapore has announced it has closed several onshore shell companies’ accounts in the last 12 months in an effort to tackle money laundering.
ezbob launches onboarding technology to help banks streamline processes
Digital lending platform ezbob has released a new onboarding module to simplify processes for banks.
Cryptocurrency stakeholders in the Czech Republic to face stricter rules
The Czech Republic is doubling down on new rules around cryptocurrencies as part of its anti-money laundering efforts.
Australia’s police charge 5 people for crypto fraud and money laundering
Australia’s financial and cyber crime group has charged five people in conjunction with fraud and money laundering of cryptocurrency.
UK’s DCPCU dismantles 13 organised crime groups
The UK’s Dedicated Card and Payment Crime Unit (DCPCU) has dismantled 13 organised crime groups (OCGs) within the first half of 2019, double the number in the same period last year.
US regulators offer joint statement on AML
Federal Bank Regulatory Agencies and FinCEN have issued a joint statement to further efforts around improving transparency for the risk-based approach to Bank Secrecy Act (BSA) and anti-money laundering (AML).
Deutsche Bank releases its digital signature solution to Asia Pacific region
Deutsche Bank has rolled out digital signatures for its clients in Asia Pacific, furthering the launch of the service which began in 2018.
Mortgage Cadence adds DataVerify to boost data verification and fraud prevention
Mortgage Cadence has added the DataVerify capabilities to its loan-origination platform to support data verification, fraud prevention, and compliance assistance.
