Anti-Financial Crime & Financial Crime Compliance
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NEWS: Singapore launches ‘first’ P2P platform allowing banks to share AML suspicions with each other

COSMIC: Singapore's regulator, MAS said the digital platform "will allow participant FIs to share information on potential criminal behaviour while safeguarding the interests of the vast majority of customers who are legitimate."

By AML Intelligence Correspondent SINGAPORE on Monday officially launched its Private to Private (P2P) platform for banks to share money laundering suspicions. The platform, known as COSMIC (Collaborative Sharing of Money Laundering /TF Information & Cases) is the first centralised digital AML/CFT platform to facilitate sharing of customer information among financial institutions (FIs). The banks…

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