Founded in 2014, Banxa is a leading infrastructure provider enabling businesses to embed cryptocurrency infrastructure into their platforms. Having processed billions of dollars in transactions, Banxa plays a vital role in onboarding companies and users to crypto through an extensive […]
Like other member countries of the Financial Action Task Force (FATF), Australia’s KYC requirements comprise a core part of the country’s anti-money laundering and combatting terrorist financing (AML/CTF) regime. Australia’s KYC requirements are aligned with the FATF’s standards, ensuring firms […]
An award-winning FinTech that provides Southeast Asians with a full suite of financial services, BigPay partnered with ComplyAdvantage for customer screening and transaction monitoring. The firm operates in Malaysia and Singapore, offering more than 1.4 million users services such as […]
From navigating regulatory complexities to coming up against fierce competition with limited financial resources, early-stage fintechs face an array of challenges. And yet, despite these hurdles, startups play a crucial role in improving the fintech ecosystem with their disruptive ideas […]
The background of PSN02 lies in the Monetary Authority of Singapore’s (MAS) commitment to maintaining the integrity and security of the financial system against money laundering and terrorism financing risks. By implementing the notice, MAS aims to strengthen the overall […]
With a government consultation currently underway as of April 2023, Tranche 2 anti-money laundering (AML) reforms may soon come into force in Australia. AML Tranche 2 has already been introduced by countries including the UK, Canada, and New Zealand, and […]
Any obligated firm faces a range of practical challenges in meeting compliance demands and addressing financial crime risks. For those operating in cross-border payments, these challenges are greater still; not only do regulators see cross-border activity as generally ‘riskier’ than […]
When it comes to the rapid expansion of financial technology (fintech), Asia-Pacific (APAC) is leading the way. As economic integration and private sector innovation increase, many countries throughout the region are experiencing growth and regulatory reform across various verticals of […]
With a growing, diverse customer base covering global accounting giant BDO Global, consumer skincare brand Dermalogica, and startup incubator Stone & Chalk, Paytron needed a solution that could scale with its user base.
Following February’s plenary, the Financial Action Task Force (FATF) issued two new reports related to countering ransomware financing. One report analyzes the methods cybercriminals use to carry out attacks and the techniques they use to launder ransom payments, while the […]
PingPong needed a solid solution to streamline its due diligence checks to meet its compliance obligations across many different jurisdictions and build trust with its new and expanding customer base.
Singapore is often rated as the top location outside of Silicon Valley for technology innovation and disruption. As a result, it has become a thriving hub for FinTechs. This guide explores how firms operating in Singapore can comply with the city-state’s AML/CFT regulations.
