The evolution of technology is enabling myriad capabilities for regulatory and financial crime compliance, but it is also presenting complex financial crime risks, according to a representative from the Monetary Authority of Singapore (MAS) at the International Compliance Association’s second Asia Pacific (APAC) conference this week in Singapore.
Delivering the opening keynote speech, Loo Siew Yee, Assistant Managing Director for Policy, Payments & Financial Crime for MAS, called on compliance professionals to adopt new methods and technologies to improve their anti-money-laundering (AML) and counter-terrorist-financing (CTF) detection and risk mitigation strategies.
