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.
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.
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).
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.
What is strong customer authentication and why should you care?
The EU is enforcing new rules for online payments on September 14. For creative RegTech and FinTech businesses, the new legislation could present massive opportunities.
Exiger acquires Convergent Solutions to support Federal Government
RegTech service provider Exiger has acquired Convergent Solutions, which supplies intelligence analysis and cybersecurity to the Federal Government.
British FCA may delay strong customer authentication for another 18 months
New EU rules boosting customer security are set to be enforced by mid-September. However, the UK may take another 18 months to implement the changes.