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New survey: How to optimize tech and talent investments

Asia Pacific

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 […]

On April 18, 2023, Singapore’s Ministry of Home Affairs (MHA) and the Smart Nation and Digital Government Office (SNDGO) proposed stricter laws to strengthen the country’s defense against scams facilitated by money mules. While the police investigated more than 19,000 […]

Australia’s Albanese government has announced it is now reviewing the findings from the Senate’s inquiry into the adequacy and efficacy of Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) regime. As part of the inquiry, participating firms were presented with a […]

On March 30, 2023, the Bangko Sentral ng Pilipinas (BSP) released a circular outlining amendments to existing customer due diligence (CDD) requirements for supervised financial institutions (FIs). The updates include new electronic know your customer (eKYC) rules detailing how digital […]

On March 30, 2023, Senator Andrew Bragg introduced a private bill proposing standards for the cryptocurrency industry in Australia. Known as The Digital Assets (Market Regulation) Bill 2023, the regulation aims to “protect consumers and promote investors” by installing three […]