SINGAPORE’s parliament has voted in favour of the city-state’s new AML sharing database, known as ‘Cosmic.’ The centralised digital platform is set to be a game-changer for the Asian financial centre, supporters say, describing it as “ground-breaking.” The changes to the law passed on Tuesday allow banks to share information when they detect suspicious transactions…
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
