Investment scams in Singapore doubled in 2024, warns SPF

🇨🇭 New MROS Publication – Negative Typologies in Reporting The Money Laundering Reporting Office Switzerland (#MROS) has released its report “Negative Typologies in Reporting”, highlighting practical cases where #suspiciousactivityreports (#SARs) provide little or no added value and fail to meet the requirements of the Swiss #AntiMoneyLaunderingAct (#AMLA). Examples addressed by MROS: ▪️ Failed attempts to open online accounts ▪️ Clients showing suspicious behavior without links to criminal assets ▪️ Reports based solely on third-party information (media, seizure orders, TWINT) ▪️ The use of cryptocurrencies as the only “red flag” ▪️ “Victim accounts” or cases where the financial intermediary itself is defrauded ▪️ Slush funds and market abuse cases without ties to Switzerland Objective: to raise awareness among financial intermediaries, enhance the quality of SARs, and ensure investigative resources are focused on truly relevant cases. Federal Police fedpol #aml #antimoneylaundering #followthemoney #dirtymoney #compliance #complianceofficer #financialcrime

✅ Another Win for Investor Rights in Pakistan’s Capital Markets! 🇵🇰 Thrilled to share a recent success story where I represented a client navigating a nightmare with a licensed brokerage service for stock trading in Pakistan. My client discovered that his capital and accumulated profits were illicitly diverted into an unauthorized third-party wallet—likely due to internal mishandling or a security breach. To make matters worse, the brokerage suspended his trading access during the dispute, locking him out of the PSX for weeks and causing opportunity losses in a volatile market. As his advocate, I stepped in to recover the stolen funds and secure compensation for downtime-induced trading disruptions. 🔎 Key Laws & Regulations Invoked: 1. Securities Act, 2015 (Sections 15 & 84): Prohibits fraudulent practices and enforces brokers’ fiduciary duties. 2. Centralized Customers’ Protection Compensation Fund Regulations, 2017: Invoked principles of investor protection to argue for restitution. 3. PSX Rule Book (Ch. 6 & 12): Broker obligations on client asset segregation and platform reliability. 4. Prevention of Electronic Crimes Act (PECA), 2016 (Sections 3 & 36): Addressed unauthorized wallet transfers and potential cyber fraud. ⚖️ Our Legal Strategy: • Complaint & Escalation: Filed with SECP’s Investor Complaints Service Desk, demanding audit + freeze of the errant wallet. • Evidence: Compiled transaction logs and market data to prove losses from forced downtime. • Negotiation: Used SECP oversight and threat of PSX disciplinary action to pressure settlement. • Resolution: Achieved 100% recovery + compensation for trading disruptions—without prolonged litigation. 💡 This case shows the strength of SECP’s investor protection framework in safeguarding trust in Pakistan’s digital trading ecosystem. If you or someone you know has faced fraud, trading blackouts, or mishandling of funds, know that there are robust legal remedies available. #InvestorProtection #SECP #PSX #PakistanStocks #FinancialFraud #LegalWins

CySEC - Cyprus Securities and Exchange Commission issues scam alert on fraudsters impersonating regulator staff amid rising cases in 2025. https://lnkd.in/gpCVESK2 #CySEC #ScamAlert #InvestorProtection #FinancialRegulation #FraudPrevention #CryptoScams #ForexScams #Compliance #FinancialSecurity #RegulatorWarning

Banks aren’t just moving money — they’re also detectives in disguise. Every year, millions of Suspicious Activity Reports (SARs) are filed to flag unusual transactions, from strange wire transfers to offshore flows. These reports are the financial system’s silent watchdog, helping regulators uncover hidden risks. In this video, we break down how SARs work, why they’re critical to Anti-Money Laundering (AML) efforts, and how scandals like the Panama Papers revealed the scale of global dirty money flows. Discover how compliance tools like SARs keep financial systems secure and why they’re essential in fighting financial crime. ⬇ CONNECT WITH US - Official website: https://rtcompliance.sg/ - Email us: support@rtcompliance.sg - LinkedIn: https://lnkd.in/gafkiwbv - Facebook: https://lnkd.in/gd-MKBzW - Instagram: https://lnkd.in/evAmni6g 🔔SUBSCRIBE ON YOUTUBE https://lnkd.in/gj93SRKs #rtcompliance #SAR #suspiciousactivityreports #AML #antimoneylaundering #financialcrime #panamapapers #dirtymoney #complianceinsights #bankingregulations #riskmanagement #financialsecurity #fraudprevention #kyc #compliancesolutions #regulatorycompliance #financialtransparency #complianceawareness #globalfinance #moneylaundering

FinCEN has announced that it will postpone AML reporting requirements until March 2026. In the interim, Real Estate Geographic Targeting Orders will remain in effect. Read the full Press Release: https://lnkd.in/g_2cNfaV

HM Treasury has published draft legislation amending the UK’s Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs), with changes expected to come into force in early 2026. The updates focus on ensuring customer due diligence remains proportionate and effective, while also addressing areas such as pooled client accounts, trust registration, cryptoasset firms, and the sale of ‘off the shelf firms’. For businesses caught by the MLRs, the draft changes are an important reminder to review systems, controls, and governance to ensure compliance keeps pace with evolving requirements. We’ve summarised the key points, along with practical tips on what firms should be considering, in our article: https://lnkd.in/exKwzAAs

Navigating change to the UK's Money Laundering Regulations 🧭 UK Gov published proposed amendments to the MLRs in September. To help, we've put together a summary of key updates (available below 👇) which include: 🔎 CDD/EDD changes for high-risk third countries, certain types of transactions and registered firms. 💸 MLRs updates ahead of the UK's future FSMA cryptoasset regime, including in relation to change of control and fit and proper requirements. 📝 Broad range of activities potentially requiring firms to secure MLR registration, including trust and company service providers. If all goes to plan, these should come into force in early 2026. Compliance expectations continue to evolve, so it's wise firms are reviewing their AML and financial crime frameworks alongside this. Ashfords LLP #financialservices #regulation #AML #compliance

🌍🔹 𝐃𝐚𝐲 𝟑 | 𝐓𝐡𝐞 𝐓𝐡𝐫𝐞𝐞 𝐒𝐭𝐚𝐠𝐞𝐬 𝐨𝐟 𝐌𝐨𝐧𝐞𝐲 𝐋𝐚𝐮𝐧𝐝𝐞𝐫𝐢𝐧𝐠 💸 Money laundering is not just a financial crime it’s a global threat that fuels corruption, terrorism, and organized crime. To effectively combat it, we must understand its three key stages: 🔹 Placement - Introducing illegal funds into the financial system (e.g., cash deposits, buying assets). 🔹 Layering - Moving the money through complex transactions to obscure its origin (e.g., multiple transfers, offshore accounts). 🔹 Integration - Reintroducing “cleaned” money back into the economy as legitimate funds (e.g., investments, businesses). 👉 By recognizing these stages, financial institutions, regulators, and professionals like us can detect red flags earlier and disrupt criminal networks. 💡 Awareness is the first step in the fight against financial crime. #AML #Compliance #FinancialCrime #RiskManagement #AntiMoneyLaundering

The Money Laundering Reporting Office Switzerland (MROS) has released its August 2025 paper on negative typologies in suspicious activity reporting (SARs). The report highlights cases where SARs are often of limited value, such as: • Failed online account openings • Reports based only on media mentions or disclosure orders • Simple use of cryptocurrencies without a criminal link • Situations where clients or intermediaries are themselves fraud victims According to MROS, many SARs are filed defensively or with insufficiently clarified facts, which burdens the system and reduces effectiveness. 🔑 The key message: High-quality, substantiated SARs are essential for efficient processing and effective financial crime prevention.

VCC Anti-Financial Crime Rules: Key Points For Fund Managers - Money Laundering: ... regulatory reporting evolves. The content of this article is intended to provide a general guide to the subject matter. Specialist advice should ... #regulatoryreporting #regulation #finperform