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How to assess a general-purpose AI model’s reliability before it’s deployed | MIT News

Foundation models are massive deep-learning models that...

El Salvador: Rights Violations Against Children in ‘State of Emergency’

El Salvador’s state of emergency, declared in...

Vietnam: New decree on cashless payments

On 15 May 2024, the Government officially...

Chandni Nanda

Ex-Agriculture Minister Jailed for Corruption, Tainting Widodo’s Anti-Graft Efforts

Indonesia's anti-graft court sentenced a former agriculture minister to 10 years in prison on Thursday after finding him guilty of corruption-related extortion, abuse of...

Fort Bend Politician Faces New Allegations of Judge Impersonation on Facebook

A Fort Bend politician, accused of creating fake Facebook accounts to attack his opponents, is now facing new allegations. A search warrant reveals that prosecutors...

Introduction of Enhanced Anti-Money Laundering Bill in Parliament

The Anti-Money Laundering and Other Matters Bill was introduced for its First Reading in Parliament today. Background The Government continually updates laws to ensure...

Fiji Minister Charged with Office Abuse in Beche-de-Mer Trade Probe

Minister for Fisheries and Forests, Kalaveti Ravu, has been charged with abuse of office for allegedly interfering with a ministry investigation into the suspected...

FATF Monitoring Update: Jurisdictions Under Increased Surveillance

Jurisdictions under increased monitoring are actively collaborating with the FATF to address strategic deficiencies in their anti-money laundering, counter-terrorist financing, and anti-proliferation regimes. When...

FinCEN Proposes New Rule to Modernize and Strengthen AML/CFT Programs

Today, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed a rule to enhance and modernize financial institutions' anti-money laundering and...

CCP Expels Former Defence Ministers Li Shangfu and Wei Fenghe Amid Anticorruption Drive

The Chinese Communist Party (CCP) has expelled former Defence Minister Li Shangfu and his predecessor, Wei Fenghe, amid an anticorruption crackdown, according to state...

Former Green MP Golriz Ghahraman Faces Sentencing for High-Profile Shoplifting Spree

Former Green Party standout Golriz Ghahraman, now infamous as New Zealand's most high-profile shoplifter, saw her political career unravel after admitting earlier this year...

FinCEN Issues Alert on Illicit Fentanyl Supply Chain

Janet L. Yellen, the Secretary of the Treasury, announced today that the Financial Crimes Enforcement Network (FinCEN) has issued guidance to inform U.S. financial...

Singapore’s Updated Money Laundering National Risk Assessment: Key Findings and Implications

Today, Singapore released its updated Money Laundering (ML) National Risk Assessment (NRA) as part of ongoing efforts to maintain an effective anti-money laundering (AML)...

Strengthening Beneficial Ownership Due Diligence: Best Practices and Regulations

Juridical entities significantly contribute to a country's economic growth through their commercial and business activities. Their financial transactions enhance the financial system's breadth and...

Tajik Ex-Foreign Minister Arrested; Lawmaker Held for ‘Usurping Power’

Sources from Radio Ozodi report that Hamrokhon Zarifi, a former Tajikistan Foreign Minister and seasoned diplomat, has been detained. Multiple accounts from Radio Ozodi...

Regulatory and Developmental Policy Measures for Banking and FinTech

This Statement outlines various developmental and regulatory policy measures related to (i) Regulations; and (ii) Payment Systems and FinTech. I. Regulations Review of Bulk Deposit...

Financial Scams Report​ by GCFFC

The GCFFC has released a report assessing financial scams in Australia, Hong Kong, and Singapore. Read the full report below:   ​ By FCCT Editorial Team

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