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CYS INSIGHTS
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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, 2025
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
Investment Management Firm Fined S$1.9M for AML Compliance Failures
A Report by CYS Global Remit Lege & Compliance Office The Monetary Authority of Singapore (MAS) has levied a S$1.9 million fine on...
Nov 13, 2024
2025 Compliance Outlook: Integrating AI and Navigating Global Regulatory Changes
A Report by CYS Global Remit Legal & Compliance Office The compliance landscape of 2025 is poised at a pivotal point, influenced by two...
Nov 6, 2024
New Anti-Money Laundering Requirements for Real Estate Agents and Lawyers
A Report by CYS Global Remit Legal & Compliance Office Overview In response to lessons from a major money laundering case involving...
Oct 30, 2024
TD Bank Fined Nearly $3.1B by U.S. Regulators for AML Compliance Failures
A Report by CYS Global Remit Legal & Compliance Office TD Bank, a leading financial institution in North America, has been fined a...
Oct 22, 2024
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