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Regtank AML Compliance Training

AML Compliance Training and Why Do Companies Need to Focus on it?

Compliance training comes in many forms, but in essence, it is employee training mandated by law or policy to educate employees on regulations that are relevant to their specific industry. A proper compliance training program helps to align and ensure governance across a company, which can minimise risk, increase productivity and help a company remain […]

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Regtank Cryptocurrency Award

Regtank Technology Pte Ltd Named Best Cryptocurrency Regulatory Technology Company in Asia

FinTech Awards 2021 has awarded Regtank, a one-stop Regtech solution provider, the Cryptocurrency Regulatory Technology Company Award in Asia. Hosted by Wealth & Finance International, an investment market intelligence platform, the 2021 FinTech Awards aim to identify and spotlight individuals, companies, and enterprises across the hugely diverse global FinTech industry.  Regtank was awarded the Best […]

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Regtank Blockchain Technology Money Laundering

Blockchain Technology is Money Laundering’s Kryptonite

What is Blockchain? In the early 1990s, Blockchain arose from a scandal in record tampering that toppled a Nobel laureate’s career. Blockchain works as a visual chain, where each digital block contains a hash or a code that identifies information as well as the hash of a previous block.  The hash is made up of […]

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Regtank Digital Onboarding

What is Digital Onboarding? Why is it Important for Regulatory Compliance?

On 8 February 2022, the Monetary Authority of Singapore (MAS) announced new recommendations companies should take regarding Non-Face-to-Face (NFTF) Customer Due Diligence (CDD) Measures. They highly encourage the responsible adoption of new technologies – such as e-signatures, liveness detection tests, and Optical Character Recognition (OCR) Technologies. This announcement comes as more financial institutions opt for […]

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Regtank KYT Compliance

What is KYT and Why Does It Matter In Compliance?

What Is KYT? Know Your Transaction (KYT) is defined as a software offering crucial analysis for organisations to discover and identify the skeptical fraudulent transactions made by customers against their respective backgrounds and profiles.  In layman terms, an effective KYT system allows financial institutions (FIs) to check for suspicious transactions by linking customer profiles with […]

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Regtank Risk Based Approach KYC

What is Risk-Based Approach and Why Is It Important

The Financial Action Task Force (FATF) is an important global money laundering and terrorist financing watchdog. As one of the most influential intergovernmental organization, the FATF sets international standards in the implementation of legal, regulatory and operational measures for combating any threats to the integrity of the international financial system. The FATF ensures a global […]

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Regtank-A-Guide-To-The-FATF-Travel-Rule

A Guide to the FATF Travel Rule

TheFinancial Action Task Force (FATF) is an independent inter-governmental body that helps to develop and promote Anti-Money Laundering (AML) and Know Your Customer (KYC). In light of the rise of the cryptocurrency industry, the FATF published guidance on how its 37 members should regulate cryptocurrency exchanges whereby the FATF’s 2019 amendment to Recommendation 16 had […]

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Regtank-What-You-Need-To-Know-KYC-AML-and-Travel-Rule

What you need to know: KYC, AML and Travel Rule

Benefits of the Travel Rule With the growth of the cryptocurrency industry, more regulations are necessary so as to protect the industry. However, with more firms, there is greater inconsistency in terms of regulations. This has led to an increase in illegal activities such as money laundering through virtual assets. This is attributed by the […]

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Regtank-How-RegTech-Can-Aid-Your-Business

How RegTech Can Aid Your Business

Regulatory Technology (RegTech) has become increasingly prevalent over the last few years with over $9.5 billion being invested in the sector. Below are some ways in which RegTech can aid your Business: Improve Customer Onboarding RegTech makes use of Know Your Customer (KYC) to accelerate onboarding as well as to improve customer experience. According to […]

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