Understanding the Fallout from AML Failures and How to Strengthen Your Compliance Framework
In recent years, the financial industry has seen high-profile Anti-Money Laundering (AML) failures that resulted in significant legal and financial consequences. These incidents have highlighted the pressing need for businesses to strengthen their AML practices and compliance framework. In this blog, we’ll explore the ramifications of AML failures, the lessons businesses can learn, and how […]
What is Business Intelligence and How Does it Transform Businesses
Business Intelligence or Human Source Intelligence, often referred to as Human Intelligence (HUMINT) in the context of intelligence gathering, refers to the process of getting information through human interactions, interviews or other human-centred methods. This type of enquiry typically involves collecting data from individuals who possess relevant knowledge or insights about a subject, situation, organization […]
The Importance of Due Diligence and Compliance for Business in 2025
In 2025, businesses around the world are facing an increasingly complex regulatory and financial environment. Due diligence and compliance are no longer exceptional – they are essential practices that can make or break a company’s success. From startups to established enterprises, the importance of conducting thorough due diligence and staying compliant with legal standards has […]
Understanding Third-Party Risk and Its Importance for Businesses
In today’s interconnected business world, third-party risk management (TPRM) has become a critical focus for organizations. As companies increasingly depend on external vendors for essential services ranging from suppliers and contractors to cloud service providers and outsourced IT solutions, the need for robust risk management strategies has never been more pressing. While third-party partnerships are […]
TD Bank’s $3 Billion Settlement for AML Failures
The $3 billion settlement involving TD Banks and U.S. regulators serves as a stark reminder of the critical importance of robust anti-money laundering (AML) practices. With over $670 million laundered through its accounts, TD Bank’s systemic compliance failures highlight the risks when financial institutions prioritize growth over regulatory obligations. The settlement illustrates the far-reaching consequences […]
Why Due Diligence Has Become Vital in Today’s Business Environment
Due diligence has become an indispensable component of business operations in an era marked by rapid technological advancements, complex regulatory landscapes, and heightened stakeholder expectations. Whether involved in mergers and acquisitions, partnerships, or day-to-day operations, organizations must conduct thorough due diligence to mitigate risks, ensure compliance, and drive sustainable growth. Here are several reasons why […]
The Importance of Compliance for SMEs to Achieve Global Growth and Success
In today’s interconnected world, small and medium-sized enterprises (SMEs) are increasingly looking to expand beyond their local markets and tap into global opportunities. However, entering international markets comes with its own set of challenges, particularly in the realm of compliance. Ensuring adherence to international compliance standards is not just a regulatory requirement but a strategic […]
Leveraging Investigations to Combat Financial Crimes
In the fight against money laundering and terrorism financing, investigations are crucial in uncovering illicit activities and holding perpetrators accountable. Bank Negara Malaysia (BNM) has identified two major offences frequently committed by financial institutions that contribute to the proliferation of such criminal activities – failure to conduct Customer Due Diligence (CDD) and sanctions screening upon […]
Safeguarding Your Finances in a Risky Landscape
In today’s fast-paced financial world, the allure of quick and substantial returns can sometimes cloud our judgment. However, amidst promising opportunities lie hidden dangers, as illustrated by the recent case in Malaysia where a group of investors lost RM 2.4 million to a fraudulent scheme. This is a poignant reminder of the importance of staying […]
