Fintech News

JUNE 5, 2025

MASs Regulatory Calculus MASs decision to act decisively now is grounded in its growing concern over the money laundering and terrorism financing risks posed by such operations, especially so given their cross-border and internet-based natures. Here are the most important shifts digital token businesses need to understand now.

Money Laundering 85

Money Laundering Due Diligence Cross-Border Rules 85

Fintech News

OCTOBER 8, 2024

The framework is designed to ensure compliance with international standards, particularly in relation to anti-money laundering (AML) and countering the financing of terrorism (CFT). Additionally, the proposed regulatory framework includes guidelines on technology risk management and cybersecurity.

Service Provider 108

Service Provider Due Diligence AML Money Laundering 108

PYMNTS

JUNE 17, 2020

According to a report in ZDNet , Westpac said that “a mix of technology and human error” and “deficient financial crime processes” were behind the financial institution’s (FI’s) lack of compliance with anti-money laundering (AML) regulations. As many as 23 million occasions, in fact. Crime, At Scale.

AML 75

AML Money Laundering Compliance Financial Crimes 75

PYMNTS

JULY 22, 2020

The release says MAS intends to broaden the scope of anti-money-laundering activity and fighting terrorism to include entities selling cryptocurrency overseas. And the actions on risk will help with the new, more comprehensive use of technology in peoples’ lives that has also come with more threat of risk, the release says.

Regulations 56

Regulations Bitcoin Disputes Money Laundering 56

Fintech News

JANUARY 24, 2024

The move aims to protect against financial crime and loss, particularly in digital fraud, and includes broadening DPT service definitions and enhancing Anti-Money Laundering (AML) protocols such as Customer Due Diligence and transaction monitoring.

Service Provider 98

Service Provider Cryptocurrency Payments Institute Blockchain 98