Singapore’s 2024 Money Laundering National Risk Assessment (NRA) highlights critical risks like cyber-enabled fraud, tax evasion, and trade-based money laundering, particularly for banks and fintech institutions involved in cross-border transactions. In response, the experts at the AFC Ecosystem conducted an in-depth analysis of 44 case studies from the NRA to uncover the money laundering techniques and associated red flags.
The findings are compelling: 75% of the risks identified in the NRA are already addressed by existing typologies within the AFC Ecosystem. This eBook offers a detailed analysis of these case studies and provides a clear overview of the AFC Ecosystem typologies that effectively mitigate these key risks in Singapore. It’s an essential resource for those looking to fortify their AML strategies in today’s complex financial environment.
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