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CYS INSIGHTS
U.A.E. Removed from Global Watch List for Money Laundering, Terrorism Financing
A Report by CYS Global Remit Legal & Compliance Office Great news from the financial world! The United Arab Emirates (U.A.E.) has...
Mar 13, 2024
Sports Gambling – A Growing Money-Laundering Risk
A Report by CYS Global Remit Legal & Compliance Office In a recent article from the Wall Street Journal, the spotlight fell on the risks...
Mar 5, 2024
Top Risk and Compliance Trends for 2024
A Report by CYS Global Remit Legal & Compliance Office In 2024, cybersecurity remains a paramount concern for organizations worldwide. As...
Feb 27, 2024
ICBC New York Fined $32 Million for Compliance Failures
A Report by CYS Global Remit Legal & Compliance Office The Industrial & Commercial Bank of China (ICBC) will pay approximately $32...
Feb 21, 2024
S$1.5 million Scam Foiled
A Report by CYS Global Remit Legal & Compliance Office A 71-year-old individual in Singapore narrowly avoided losing S$1.5 million...
Feb 6, 2024
FIs Spending More to Fight Crime
A Report by CYS Global Remit Legal & Compliance Office The financial landscape in Singapore is witnessing a substantial increase in...
Jan 31, 2024
Rite-Aid Faces Issues with AI Facial Recognition
A Report by CYS Global Remit Legal & Compliance Office Rite Aid Corporation, an American drugstore chain based in Philadelphia,...
Jan 24, 2024
Protecting Non-Profit Organisations from Money Laundering
A Report by CYS Global Remit Legal & Compliance Office Non-Profit Organizations (NPOs) play a pivotal role in extending assistance to...
Jan 16, 2024
Cayman Islands Off FATF Grey List
A Report by CYS Global Remit Legal & Compliance Office On the 27th of October 2023, the Cayman Islands achieved a significant milestone...
Jan 9, 2024
Money Laundering Now a Greater Risk, Say Singapore FIs
A Report by CYS Global Remit Legal & Compliance Office In a recent report by the Monetary Authority of Singapore (MAS) on November 27,...
Jan 3, 2024
AI Onboarding Saving Banks $900m by 2028
A Report by CYS Global Remit Legal & Compliance Office In a groundbreaking report from Juniper Research, a trailblazer in FinTech and...
Dec 26, 2023
Grab Driver & Director of 60 Companies fined S$28,000
A Report by CYS Global Remit Legal & Compliance Office In a recent legal development reported by Today Online, a director, Koh, aged 46,...
Dec 18, 2023
Binance Chief Zhao Pleads Guilty
A Report by CYS Global Remit Legal & Compliance Office In recent news, Binance chief, Changpeng Zhao, has stepped down and pleaded guilty...
Dec 12, 2023
CYS Invests in Ethics & Compliance
A Report by CYS Global Remit Legal & Compliance Office Amid heightened regulatory scrutiny, economic fluctuations, stakeholder activism,...
Dec 4, 2023
Man Jailed for Laundering S$450,000 Scam Proceeds to China
A Report by CYS Global Remit Legal & Compliance Office In a recent case, a Singapore permanent resident, originally from China, was found...
Nov 29, 2023
OCBC Dubai Fined for AML Lapses
A Report by CYS Global Remit Legal & Compliance Office In a recent development, the Dubai Financial Services Authority (DFSA) has levied...
Nov 21, 2023
UAE Praises SG on AML
A Report by CYS Global Remit Legal & Compliance Office An article in Straits Times published on 14 November 2023 titled “S’pore handling...
Nov 15, 2023
AUTOMATING COMPLIANCE FOR CROSS-BORDER PAYMENTS
A Report by CYS Global Remit Transaction Monitoring Unit In an exciting collaboration, the Bank for International Settlements (BIS),...
Nov 7, 2023
S$360,000 to Become Singaporean?
A Report by CYS Global Remit Transaction Monitoring Compliance Function Group In recent news, the CYS Global Remit Transaction...
Oct 31, 2023
Leading the Battle Against Money Laundering | CYS Transaction Monitoring Compliance Unit
Contributed by CYS Global Remit Transaction Monitoring Compliance Unit At CYS Global Remit, the Transaction Monitoring Compliance Unit or...
Oct 25, 2023
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