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