The Counter ISIS Finance Group Discusses MSBs

The Counter ISIS Finance Group (CIFG), which was established in 2015 and is one of five working groups of the Global Coalition to Defeat ISIS, convened virtually for its fourteenth meeting on May 17–18.

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AMLC Weighs Disciplinary Action for Improper STRs

The Philippine Anti-Money Laundering Council (AMLC) is weighing disciplinary action against entities who filed incorrect STRs, according to a statement made by the executive director of the regulatory body, Atty. Mel Georgie Racela.

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Getting 6AMLD-Ready

On June 3, 2021, the EU's Sixth Anti-Money Laundering Directive (6AMLD) enters into force for financial institutions and companies, bringing a whole host of compliance-related changes with it.

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Digital Experience for Enterprise Level Banks

The COVID-19 pandemic has accelerated digital transformation. As a result, digital customer experience plays an increasingly important role in the competitive landscape. This is no less true in the banking and financial services industry.

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MAS Promotes Technology for Compliance Effectiveness

A senior official at the Monetary Authority of Singapore (MAS) has recently spoken about the value being gained by businesses deploying new technologies to meet their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) obligations. 

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EU Regulator Consults on AML/CFT Database

On May 6, the European Banking Authority (EBA) started a public consultation on draft Regulatory Technical Standards (RTS) for a central database on the AML/CFT frameworks of financial institutions in the EU.

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