Observations
May 19, 2023The government of Singapore has passed a bill to establish the "Collaborative Sharing of ML/TF (money laundering/terrorism financing) Information & Cases", or COSMIC — a digital platform for financial institutions to share information on customers displaying potential financial crime concerns. COSMIC will be owned and operated by the Monetary Authority of Singapore (MAS).
Observations
Dec 27, 2022A recent study by the University of Cambridge and the University of Texas at Austin found that sanctioned criminals and government officials can easily breach regulations meant to bar them from the international financial system.
