Hong Kong is only one country where regulators are focusing more and more on TBML as can be read in this article http://www.gtreview.com/news/asia/hk-banks-warned-over-trade-based-money-laundering/ . TBML is less transparent and harder to detect than more traditional types of money laundering. As the article mentions “there is no rigid set
09 May 2017 /regulation Asia Financial Services
In a recent article by Pjotr Kaminski and Kate Robu both working for McKinsey&Company an outline is given for a more structural solution to deal with ever increasing regulatory requirements and compliance challenges < http://www.mckinsey.com/business-functions/risk/our-insights/a-best-practice-model-for-bank-compliance >. The title of
11 April 2017 Asia Financial Services
A substantial number of compliance officers (about 44 per cent) lack confidence in the anti-money laundering (AML) programs of their organizations, according to a new report (#mce_temp_url#) That’s an interesting finding since compliance officers are ultimately responsible for compliance of the whole organization in their role as MLRO. The pace an...
21 March 2017 /regulation Asia Financial Services
Angelo CaciMD at Syrtals Consulting
Adam AldikactiMD at ANKH Pte Ltd
Sharmil PatwaMD at Opus Una
Adrian WarrMD at TTBIDS Limited
Darren ThomasMD at IHS Markit
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