AML Bytes

Global financial crime watchdog, the Financial Action Task Force (FATF), concluded its latest plenary session in October, with participants from more than 200 jurisdictions. It was the first such...

Ever since its grey-listing by global money laundering watchdog Financial Action Task Force (FATF) in March 2022, the UAE has been very active in strengthening its anti-financial crime framework. 

MANILA, PHILIPPINES - Despite the government’s increased efforts to prevent money laundering, the Philippines still remains on the Financial Action Task Force (FATF) gray list. Citing technical...

The COVID-19 pandemic became a great catalyst that propelled digital payments in the Philippines to new heights, as the country’s young population and broad mobile network penetration have boosted...

As modes of payment continue to evolve with the many digital payment platforms, so do fraudulent activities. Mass quantities of transactions going in and out of said platforms render manual fraud...

Jakarta, 20 September 2022 - Southeast Asian regulatory technology (regtech) firm Tookitaki expands to Indonesia to support the country in meeting its Anti-Money Laundering (AML) and compliance...

The largest economy in Southeast Asia is Indonesia, which has a GDP of over 1 billion US dollars. Due to the country's strong economy, Indonesia is also a G20 member. The country is vulnerable to...

Singapore has continuously encouraged financial innovation and emerged as a fintech hub for the world. In line with its pro-innovation approach, the city-state wanted a new regulatory framework...