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CYS INSIGHTS
Biggest Challenges Facing AML Compliance Professionals in 2024
A Report by CYS Global Remit Legal & Compliance Office Under increasing regulatory pressure and continuously evolving regulations, modern...
May 28, 2024
Chinatown Jeweller Charged for Failed CDD in Gold Transactions
A Report by CYS Global Remit Legal & Compliance Office In a notable case that caught CYS Global Remit attention was Kim Heng Jewellers...
May 20, 2024
300 Suspected Scammers and Money Mules Probed by Police for S$9M Losses
A Report by CYS Global Remit Legal & Compliance Office In Singapore, the police have announced the initiation of an investigation into...
May 14, 2024
SG & HK Police Foil $370,000 Scam
A Report by CYS Global Remit Legal & Compliance Office The Singapore Police Force (SPF), in collaboration with two banks and the Hong...
May 7, 2024
Paytm Payments Bank Fined for Alleged Money Laundering
A Report by CYS Global Remit Transaction Monitoring Complianve Group Money laundering remains a critical concern in India's financial...
Apr 30, 2024
Russian Bought S$88m of Gold from Dealer in Changi to Launder Funds for Ukraine Invasion
A Report by CYS Global Remit Transaction Monitoring Compliance Group Recent headlines have brought to light a concerning instance...
Apr 24, 2024
13mo Jail Sentence in S$3b Money Laundering Case
A Report by CYS Global Remit Legal & Compliance Office On April 16th, 2024, Wang Baosen, a Chinese national embroiled in a S$3 billion...
Apr 17, 2024
MAS Launches COSMIC to Strengthen AML/CFT Defence
A Report by CYS Global Remit Legal & Compliance Office On April 1, 2024, the Monetary Authority of Singapore (MAS) announced the launch...
Apr 9, 2024
SG Police Officer Charged with Bribery
A Report by CYS Global Remit Legal & Compliance Office Enter the latest chapter in the ongoing legal saga of Poo Tze Chiang, a Singapore...
Apr 3, 2024
MAS Steps Up Scrutiny of China Wealth
A Report by CYS Global Remit Legal & Compliance Office Singapore has intensified its scrutiny of Chinese wealth entering the city-state,...
Mar 27, 2024
MAS Enhances Investigative Powers
A Report by CYS Global Remit Legal & Compliance Office The Financial Institutions (Miscellaneous Amendments) Bill, recently passed by...
Mar 20, 2024
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
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