Post by congregatio on Apr 5, 2024 21:51:36 GMT 4
Singapore launches AML information-sharing platform
The Monetary Authority of Singapore (MAS) in collaboration with 6 banks have launched COSMIC, a common data platform that helps identify illicit activities and combat money laundering and terrorism financing. The banks will share data if a client or customer exhibits red flag behaviours.
The Monetary Authority of Singapore (MAS) in collaboration with 6 banks have launched COSMIC, a common data platform that helps identify illicit activities and combat money laundering and terrorism financing. The banks will share data if a client or customer exhibits red flag behaviours.