In an intriguing turn of events in the ongoing battle against financial crime, the Court of Appeal has upheld the conviction and sentencing of Amirruddin Nin. Amirruddin, the director of CTB Solutions Sdn Bhd, faced serious accusations related to his noncompliance during a critical money laundering
The recent announcement of a merger between Los Angeles-based Hope Bancorp and Honolulu-based Territorial Bancorp has raised questions about the potential impact on regional banks. With regulatory approval now secured, the merger aims to create the largest regional bank across both the continental
The transition to ISO20022 represents a monumental shift in the global payments ecosystem, fundamentally changing how financial institutions process and monitor transactions. This new extensible markup language (XML) standard is set to replace traditional payment message formats, providing
Singapore has taken a significant step in the fight against financial scams with the enactment of the Protection from Scams Bill. This new legislation, passed on January 7, 2025, grants police the authority to freeze bank accounts of individuals suspected of falling victim to scams. The move comes
In today's rapidly evolving digital landscape, banking institutions are increasingly relying on advanced technologies to keep pace with sophisticated threats. One of the most pressing challenges for banks is fraud detection, a field that has seen a growing partnership with artificial
Bank regulation is a complex and multifaceted topic that impacts the entire financial system and the broader economy. Governor Bowman's recent speech on bank regulation delves into various aspects of the subject, highlighting both the costs and benefits of the current regulatory framework. Her
