Financial Forensics Focus Newsletter – Issue 4

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Across
  1. 2. What process checks a customer’s identity and risk before onboarding? (23 letters)
  2. 4. What type of crime is Singapore firm on while remaining open for business? (14 letters)
  3. 7. Which country cracked a $3B money laundering case with regulatory penalties? (9 letters)
  4. 8. “Tighter Regulations” refers to increased enforcement and stricter _ _ _ requirements(3 letters)
  5. 9. How many business days does a financial institution have to file an STR under MAS AML/CFT guidelines?(4 letters)
Down
  1. 1. What term refers to following rules and policies to ensure ethical conduct?(10 letters)
  2. 3. In risk management, what indicates potential fraud or suspicious activity? (7 letters)
  3. 5. How many major financial institutions were penalised by MAS for AML lapses? (4 letters)
  4. 6. What term refers to the medium of exchange monitored in AML and KYC procedures? (5 letters)