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CYS INSIGHTS

Implementing a Risk-Based Approach to Transaction Monitoring – Part 2
A Report by CYS Global Remit Legal & Compliance Office Benefits of Risk-Based Transaction Monitoring By concentrating resources on...
1 day ago

Implementing a Risk-Based Approach to Transaction Monitoring – Part 1
A Report by CYS Global Remit Legal & Compliance Office Transaction monitoring plays a crucial role in compliance and risk...
Apr 9

Managing High Net Worth Individuals (HNWIs): Challenges and Best Practices in Customer Due Diligence (CDD)
A Report by CYS Global Remit Legal & Compliance Office Introduction to High-Net-Worth Individuals (HNWIs) High Net Worth Individuals...
Apr 3

Understanding and Managing Risks with Politically Exposed Persons (PEPs)
A Report by CYS Global Remit Legal & Compliance Office Definition of PEPs Politically Exposed Persons (PEPs) refer to individuals who...
Mar 26


FATF Watchlist Update: February 2025
A Report by CYS Global Remit Legal & Compliance Office As of February 21, 2025, the Financial Action Task Force (FATF) has updated its...
Mar 19

Enhancing the Role in Combating Financial Crime – Part 3
A Report by CYS Global Remit Legal & Compliance Office Strengthening the Third Line – Internal Audit & Assurance A robust Third Line...
Mar 13

Enhancing the Role in Combating Financial Crime – Part 2
A Report by CYS Global Remit Legal & Compliance Office Fortifying the Second Line of Defence A strong Risk & Compliance Oversight...
Mar 6

Enhancing the Role in Combating Financial Crime – Part 1
A Report by CYS Global Remit Legal & Compliance Office In today's rapidly evolving financial landscape, the battle against financial...
Feb 26

The Critical Role of Data Protection in International Payments
A Report by CYS Global Remit Legal & Compliance Office When you transfer money internationally, your payment doesn't simply zip from...
Feb 20

The Hidden World of Money Laundering: From Ancient Techniques to Modern Schemes
A Report by CYS Global Remit Legal & Compliance Office In today’s interconnected financial landscape, criminals are becoming...
Feb 13

BVI Unveils Significant Overhaul of Beneficial Ownership Rules for 2025
A Report by CYS Global Remit Legal & Compliance Office The British Virgin Islands (BVI) is poised to enter a new era of corporate...
Jan 22

Navigating Trade Sanctions: How the U.S. Treasury Ensures Humanitarian Aid Reaches Sanctioned Nations
A Report by CYS Global Remit Legal & Compliance Office In today’s intricate global landscape, striking a balance between delivering...
Jan 15

Growing Threat of Money Mule Schemes for Singapore's Domestic Helpers, Warns Support Groups
A Report by CYS Global Remit Legal & Compliance Office Employment agencies and financial institutions throughout Singapore are issuing...
Jan 9

Money Laundering in the Digital Age: Understanding Modern Financial Crime Prevention
A Report by the Legal & Compliance Office at CYS Global Remit The methods used to disguise illicit funds have profoundly evolved in our...
Dec 31, 2024

Dirty Money’s Hiding Spots: How Corruption Funds Disappear Overseas
A Report by CYS Global Remit Legal & Compliance Office On December 16, 2024, a report by Transparency International revealed the alarming...
Dec 25, 2024

Australian Regulator Launches Initiative to Address Criminal Use of Cryptocurrency
A Report by CYS Global Remit Legal & Compliance Office On Friday, Australia's financial crime monitoring agency announced the...
Dec 18, 2024

EU Enlargement: Prioritizing the Fight Against Corruption
A Report by CYS Global Remit Legal & Compliance Office As the European Union (EU) evaluates potential new members, tackling corruption...
Dec 11, 2024

Launderer Sentenced to Five Years for Massive Bitfinex Heist
A Report by CYS Global Remit Legal & Compliance Office In a striking turn of events, U.S. citizen Ilya Lichtenstein has been sentenced...
Dec 4, 2024


GRA Slaps Resorts World Sentosa with SGD 2.25M Fine Over Customer Check Failures
A Report by CYS Global Remit Legal & Compliance Office Singapore's premier casino operator, Resorts World Sentosa (RWS), has been hit...
Nov 27, 2024

Singapore Launches Anti-Phishing Framework for December 2024
A Report by CYS Global Remit Legal & Compliance Office The Monetary Authority of Singapore (MAS) and the Infocomm Media Development...
Nov 20, 2024
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