Tag: financial institutions

Financial institutions continue to underestimate how frequently they breach global tax reporting rules, with many falling short of their obligations under FATCA and CRS...

The anti-financial crime landscape is undergoing a structural shift as financial institutions confront escalating complexity across money laundering, fraud, and fast-moving regulatory scrutiny. A new...

Financial crime prevention is undergoing a major shift as instant payments, rising transaction volumes and increasingly sophisticated criminal methods expose the limits of traditional...

Artificial intelligence is reshaping how financial institutions manage complex regulatory obligations, offering a way to replace labour-intensive procedures with faster and more reliable compliance...

GreenFi, the Singapore-based ESG compliance firm has raised $2m in seed funding to advance its AI-driven platform for financial institutions and global enterprises. According to...

Agentic AI is rapidly reshaping the way financial institutions strengthen their anti-money laundering (AML) capabilities. As growing transaction volumes, evolving criminal techniques, and tightening regulations...

The MAS has published a consultation paper proposing comprehensive new Guidelines on AI Risk Management, aimed at ensuring the responsible and secure use of...

AML Trends 2025: 202 compliance professionals from 39 countries shared insights on their top AML goals and challenges 74% of compliance leaders prioritised improving...

Last year, the Bank of England (BoE) renewed its call for financial institutions to strengthen their data governance and reporting frameworks. In a communication...

In August 2024, Singapore’s Parliament enacted the Anti-Money Laundering and Other Matters Act 2024, a major development that reinforces the city-state’s global reputation as...