DBS’ Chee Kin Lam and HSBC’s Jamil Ahmed talk about COSMIC’s improvement and the way the platform will work to assist fight monetary crime.
In October 2021, MAS (Monetary Authority of Singapore) issued a session paper on introducing a regulatory framework and platform, often called COSMIC, which is able to allow banks to share and analyse info on prospects and transactions that cross materials threat thresholds. The platform will assist determine and disrupt illicit networks and safeguard the monetary system.
In this video, Regulation Asia Co-founder Bradley Maclean sits down with Chee Kin Lam, Managing Director & Head, Legal, Compliance & Secretariat at DBS Bank, and Jamil Ahmed, Chief Compliance Officer at HSBC, to debate COSMIC’s improvement, and the way the platform will work to assist fight monetary crime when it launches subsequent yr.
This interview was hosted by BAFT (Bankers Association for Finance and Trade) and first broadcasted at its 2022 Global Annual Meeting, which occurred from 1-4 May 2022. BAFT is the main international trade affiliation for worldwide transaction banking.
Video: A Closer Look at Singapore’s COSMIC Platform & More Latest News Update
Video: A Closer Look at Singapore’s COSMIC Platform & More Live News
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Video: A Closer Look at Singapore’s COSMIC Platform & More News Today
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