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The Monetary Authority of Singapore (MAS) has directed private banking institutions to significantly reduce the time required to onboard new clients after years of delays caused by increasingly cautious compliance practices. The policy adjustment was formally announced through remarks delivered by Mr. Chia Der Jiun, Managing Director of MAS, during the UBS Asian Investment Conference, Singapore Wealth Edition, held on 25 May 2026. Under the new expectations, financial institu

The Financial Action Task Force (FATF) continues to closely evaluate the development of anti-financial crime systems throughout sub-Saharan Africa, issuing detailed assessments that measure the effectiveness of institutional safeguards across numerous jurisdictions. Within Central Africa, governments are undertaking far-reaching reforms to strengthen financial intelligence capabilities and reduce vulnerabilities associated with resource-based industries, cross-border financia

The Anti-Money Laundering Authority has formally introduced the criteria that will determine the first group of credit institutions and financial entities subject to direct European supervision as part of a sweeping effort to reduce systemic money laundering and terrorist financing risks across the continent. The regulatory initiative represents a major transformation in the governance of Europe’s financial system by consolidating oversight of the highest-risk organizations u

Kazakhstan’s government has approved a wide-ranging resolution aimed at significantly reinforcing the country’s safeguards against money laundering, terrorist financing, and the proliferation of weapons of mass destruction, in what officials describe as one of the most far-reaching financial security reforms in recent years. The new measures are scheduled to take effect on November 20 and represent a comprehensive overhaul of how financial risks are identified, monitored, and

The Financial Action Task Force (FATF) published its 2025 mutual evaluation of Belgium on December 16, identifying substantial deficiencies in the country’s ability to combat illicit financial activity. Although Belgium is largely compliant with international technical standards, the assessment underscores a serious lack of personnel and technological capacity within investigative and enforcement bodies. According to the report, Belgian authorities must urgently address deep-