Integrating Technology into the Future of Financial Crime Compliance

The article shows how banks and financial institutions should integrate technology into the future of financial crime compliance. This article provides insight into:

  • The four key benefits offered by RegTech
  • 3 RegTech Case studies -
    United Bankshares, CitiGroup, SilverFinch

Rebittance and Regulation The Future of Bitcoin in Southeast Asia

In January 2015 the USA became the first country to regulate a Bitcoin Exchange. Despite this, countries in Southeast Asia are lagging behind, with many choosing to rule cryptocurrencies illegal rather than take steps to mitigate the risks and embrace the benefits they have to offer. To understand why, we take a look at the state of cryptocurrencies in Southeast Asia and look ahead at how the regulators, banks and cryptocurrency companies need to adapt to support the future of Bitcoin in the region, including:
  • How popular are Bitcoin transactions currently for remittance compared to fiat?
  • What is the current legal status of Bitcoin transactions in Southeast Asia?
  • How do Bitcoin Exchanges need to adapt to mitigate the risks of virtual currencies and get regulated?

Insider Perspective on dealing with one of the biggest Cyber Crimes in Financial Services - The Great Bangladesh Heist

With speculation regarding the overall security of the banks involved and the possibility of insider cooperation with the hackers, we delved further into the details of cyber crime incident in The Great Bangladesh Heist by interviewing Vencent L. Salido, the Deputy Director of the Philippine Compliance and Investigation Group, Anti-Money Laundering Council Secretariat.

Asia Most Wanted Top Ten AML Cases

The article highlights the Asia's top ten money laundering cases:
  1. Politically Exposed Persons (PEPs)
    Ex- President Chen Shui-bian – Taiwan
    Ex- President Ferdinand Marcos – Philippines
    Ex- President Suharto – Indonesia
  2. Organised Crime
    Ruan Zhizhong – China
    Project Eligo – Australia
    The Yakuza – Japan
  3. High Profile Businessmen and Fraudsters
    Wirapol Sukphol a.k.a
    “The Jet-Setting Monk” – Thailand
    Carson Yeung – Hong Kong
  4. Financial Institutions
    Standard Chartered

Download the Report - What to Expect From a Joint KYC Utility

What can you expect from a joint KYC utility? How can it be successful? Who is attempting it? All these questions and more are explored in our ebook where we discuss what to expect from a joint KYC utility. Find out:

  • What’s happening with the leading Nordic banks’ joint venture
  • How blockchain could help
  • Why attempt a KYC utility platform