Posts Tagged ‘banking & finance’
Latest Developments in Malaysia’s Terrorism Financing Initiatives
Estimated reading time: 5 minutes Financial crimes like money laundering and terrorism financing have been increasing year after year. They are a threat to the economic and financial growth of any country which might have a global effect as well. A rise in such activities has a repelling effect on foreign investments. A recent…
Read MoreCombating Money Laundering And Terrorism Financing In Malaysia
A global defence and security giant – BAE Systems, has listed out six criminal types that are responsible for money laundering around the world. This is done so in hope to aid global businesses understand the motivations and modus operandi of criminals targeting their business and to help them fight the threats posed by financial…
Read MoreSMEs Are Untapped Opportunities For The Banking & Finance Industry
A joint study conducted by Deloitte and Visa have shown that in the ASEAN (Indonesia, Malaysia, Philippines, Singapore, Thailand) region, Small and Medium Enterprises (SMEs) have limited access to financing. Despite playing a critical economic role in ASEAN, this segment is still relatively untapped for banks and other financial institutions. It was also pointed…
Read MoreCombating Money Laundering And Terrorism Financing
In his keynote address at the Institute of Singapore Chartered Accountants Financial Forensic Conference, Deputy Prime Minister Teo Chee Hean says that authorities will forge partnerships with the private sector to target individuals involved in terrorism financing. Singapore will increasingly use technology and data analytics to tackle cross-border crime and money laundering. The launch…
Read MoreMoney Laundering In Singapore
In 2016, as reported by a global index, Singapore has overtook Hong Kong to become the world’s third-best financial centre, behind London and New York. According to Hugh Young, Managing Director of Aberdeen Asset Management (Asia), one of the main driving factor for this result is that Singapore has government policies that are tailored to…
Read MoreUnderstanding SMEs And Easing Loan Application
It was reported by Business Times that four in ten small and medium-sized enterprises (SMEs) in Singapore are unserved by financial institutions. This is due to the lack of credit information on SMEs that raises the cost of credit-risk assessment, causing the difficulty for them to secure loans. Due to insufficient funds and cash flow…
Read MoreCredit Borrowing In SMEs
Small Medium Enterprises (SMEs) have an important role to play in ensuring a healthy economy. In UK, statistics from the Federation of Small Businesses show that small businesses account for 99.3% of all private sector businesses at the start of 2016 and 60% of all private sector employment. “There is clear evidence that external…
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