BNM has issued new guidelines for FIs for risk management in technology, to strengthen FIs’ technology resilience against operational disruptions and ensure adequate protection of customer data.
Clari5’s real-time, cross-channel financial crime management solution is built to meet the compliance mandates of central banks within the prescribed timeframes.
BNM has announced five additional security measures for FIs to strengthen safeguards against financial scams especially in internet and mobile banking services.
EBA has published a report on ML / TF risks associated with payment institutions. The EBA’s findings suggest that ML / TF risks in the payment institutions sector may not be assessed and managed effectively.
EU Parliament Committees have mandated AML / CFT package regulations which EU member states are required to implement in 2024. The EU Security Union Strategy for 2020-2025 highlights the importance of enhancing the EU’s framework for AML and CTF.
