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CYS INSIGHTS
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
Understanding Attack Surface Management: Definition, Scope, and Importance
A Report by CYS Global Remit Legal & Compliance Office In the ever-evolving cybersecurity landscape, organizations are increasingly...
Oct 16, 2024
Embedding Integrity: The Role of Compliance Programs in Shaping Corporate Culture
A Report by CYS Global Remit Legal & Compliance Office Ethics and compliance training is vital in cultivating a corporate culture that...
Oct 8, 2024
Talent Shortage and Patchy Compliance: Vulnerabilities in Singapore's Money Laundering Defences
A Report by CYS Global Remit Legal & Compliance Office The recent large-scale money laundering case in Singapore has highlighted...
Oct 2, 2024
MAS Updates Licensing Guidelines for Payment Service Providers
A Report by CYS Global Remit Legal & Compliance Office In July 2024, the Monetary Authority of Singapore (MAS) introduced significant...
Sep 24, 2024
Defining Ethical AI in Singapore: Principles and Practices
A Report by CYS Global Remit Legal & Compliance Office In Singapore, ethical AI is defined by the principles set forth in the Model AI...
Sep 17, 2024
Real-time Monitoring: Your Compass Through Trade Compliance
A Report by CYS Global Remit Legal & Compliance Office In today’s rapidly changing regulatory environment, real-time monitoring stands as...
Sep 10, 2024
Unveiling Ultimate Beneficial Owners (UBOs): A Push for Transparency
A Report by CYS Global Remit Legal & Compliance Office The unmasking of Ultimate Beneficial Owners (UBOs) represents a significant shift...
Sep 3, 2024
Navigating Rising Compliance Costs: Achieving Balance in Modern Business
A Report by CYS Global Remit Legal & Compliance Office In today’s fast-paced world, rising compliance costs are a pressing concern for...
Aug 28, 2024
Singapore Casinos to Implement Stricter Due Diligence on Cash Transactions to Combat Terrorism Financing
A Report by CYS Global Remit Legal & Compliance Office Casinos in Singapore will soon adhere to tighter regulations concerning due...
Aug 19, 2024
Hong Kong's AIA Group Fined $3 Million for AML Deficiencies
A Report by CYS Global Remit Legal & Compliance Office In a significant compliance enforcement action, Hong Kong's Insurance Authority...
Aug 13, 2024
Digital Payments and Precious Metals Highlighted as High-Risk Areas in Singapore's Updated Money Laundering Risk Assessment
A Report by CYS Global Remit Legal & Compliance Office Singapore's latest national risk assessment has identified precious stones,...
Aug 6, 2024
Singapore Tightens Crypto Exchange Regulations Amid Enhanced AML/CFT Measures
A Report by CYS Global Remit Legal & Compliance Office In a significant move to bolster its position as a leading international finance,...
Jul 30, 2024
Singapore Cracks Down on Money Launderers with Tough New Legislation
A Report by CYS Global Remit Legal & Compliance Office In a bold move to tighten the noose on financial criminals, Singapore has...
Jul 24, 2024
Singapore Proposes Stricter Anti-Money Laundering Laws
A Report by CYS Global Remit Legal & Compliance Office To strengthen efforts against money laundering, Singapore has introduced new laws...
Jul 15, 2024
Singapore Introduces New Bill to Combat Money Laundering
A Report by CYS Global Remit Legal & Compliance Team Singapore has introduced the Anti-Money Laundering and Other Matters Bill to...
Jul 9, 2024
OFAC Sanctions Shadow Banking Network for Iran Military
A Report by CYS Global Remit Legal & Compliance Team On June 25, 2024, the U.S. Department of the Treasury's Office of Foreign Assets...
Jul 2, 2024
Stepping Up the Fight Against Money Laundering: Key Takeaways from the FATF Meeting
A Report by CYS Global Remit Legal & Compliance Team At their recent meeting in Washington DC, FATF Ministers made big commitments to...
Jun 25, 2024
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