The FATF Recommendations latest update (as of February 2025)

The Financial Action Task Force (“FATF”) Recommendations serve as the global standard for combating money laundering and terrorist financing (“ML/TF”). These recommendations provide a comprehensive framework of measures that countries…

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Focus Area: Collective Investment Schemes (and MAS Surveys!)

What is a Collective Investment Scheme (CIS)? A Collective Investment Scheme is an arrangement in respect of any underlying investments/assets which satisfies the following elements: Participants have no day-to-day control…

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Deep Dive into AI-Model Risk Management

The Monetary Authority of Singapore (MAS) conducted a thematic review of financial institutions' Artificial Intelligence (AI), including Generative AI model risk management practices in mid-2024. The review highlighted several key…

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The Wolfsberg Group’s take on Digital Assets

Who is the Wolfsberg Group?The Wolfsberg Group (the Group) is an alliance of 13 global banks formed in 2000 to develop anti-money laundering and counter-terrorist financing guidelines. Its members collaborate…

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