The FCA warns of increasing scammers; Switzerland announces new AML regulations; the MAS issues a new circular on strengthening AML/CFT controls

The FCA warns of increasing scammers; Switzerland announces new AML regulations; the MAS issues a new circular on strengthening AML/CFT controls

Clausematch Clausematch

Clausematch

发布日期: 2023年9月4日
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Happy Monday! We hope your last summer weekend was enjoyable.

This week's edition of the RegTech X digest is full of the latest headlines in AML and financial crime.

The Financial Conduct Authority (FCA) has issued a warning about the rise in scammers pretending to be the watchdog.?

In Asia, the Monetary Authority of Singapore (MAS) has released an information paper where the regulator urges financial Institutions to enhance their anti-money laundering and countering the financing of terrorism (AML/CFT) controls, particularly focusing on the misuse of legal entities and complex structures.

In Switzerland, the regulator has recently put forth groundbreaking proposals for new anti-money laundering laws, demonstrating the country's commitment to combat financial crimes effectively. Additionally, a comprehensive review conducted on over 30 Swiss banks has unveiled shortcomings in their existing money laundering controls, prompting urgent action.?

Please also find other headlines below for news on compliance, FinTech and RegTech.


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