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Typology Tales: Money Laundering Risks in Digital Banks
Hong Kong stands at the forefront of global finance, but its status as a leading financial hub makes it particularly vulnerable to financial crime. In 2024, financial institutions and regulators faced a growing need to strengthen their defences against evolving threats, including investment fraud, shell company misuse, account takeover (ATO) schemes, and cross-border money laundering. The city's rapid digital transformation, high transaction volumes, and complex trade networks further amplify these risks.Our latest report, "Financial Crime Landscape in Hong Kong," report draws on expert insights from the Anti-Financial Crime (AFC) Ecosystem, validated against industry data and recent reports. It explores how emerging patterns such as smurfing, geographic mismatches, and layered transactions exploit Hong Kong’s financial infrastructure. The report also outlines actionable recommendations, such as leveraging AI-driven monitoring systems, enhancing cross-border collaboration, and promoting consumer awareness to mitigate these risks. By adopting innovative technologies and aligning with global AML standards, Hong Kong’s financial institutions have the opportunity to reinforce their defences, maintain global trust, and ensure resilience against financial crimes.Download your copy today and take the first step toward smarter, safer payments.
Our Thought Leadership Guides
Money Laundering Risks in E-wallets and Digital Payments
Typology Tales June 2023 In this e-book, Tookitaki features two typologies, contributed by one of our expert anti-financial crime professionals.In this edition of the infographic, we are featuring the following typologies:Detection of multiple transactions of similar amountsSimultaneous transfer of funds to a group of accounts across different customers from a common third party
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Typology Tales: Money Mules and Scams
Typology Tales: Money Mules and ScamsStay ahead of the game by protecting yourself from the dangers of scams, money mule scenarios, and other Anti-Money Laundering (AML) risks with our comprehensive guide, Typology Tales. With our expertly crafted guide, you'll be equipped with the knowledge of common money laundering techniques, complete with clear details that are easy to understand. This way, you'll be able to adapt your compliance program effectively and efficiently to stay ahead of any potential threats.If you're curious about how our transaction monitoring solution leverages these typologies, don't hesitate to reach out to us. Download Typology Tales now and safeguard your business from AML risks!
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Suspicious Activity Report (SAR): What You Need to Know
Suspicious Activity Report (SAR): What You Need to KnowTo combat the growing volume of illicit financial activities, such as money laundering or the financing of terrorism, it is the duty of financial institutions (FI) to report any suspicious transactions to authorities. For most countries, this takes the form of a document submitted by a financial institution to the appropriate authority, according to compliance regulations for that country. Documents filed are known as suspicious activity reports (SAR), or sometimes suspicious transaction reports (STR).As such, financial institutions must be aware of when and how to report suspicious activity for the specific country they are operating in and should ensure that their Anti-Money Laundering (AML) process is set up to submit such reports efficiently. What you will learn from this ebook:What constitutes a suspicious activityWho is required to file a SARSAR decision making processE-filing and the future of SAR
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Money Laundering Risks in E-wallets and Digital Payments
Typology Tales June 2023 In this e-book, Tookitaki features two typologies, contributed by one of our expert anti-financial crime professionals.In this edition of the infographic, we are featuring the following typologies:Detection of multiple transactions of similar amountsSimultaneous transfer of funds to a group of accounts across different customers from a common third party
Typology Tales: Money Mules and Scams
Typology Tales: Money Mules and ScamsStay ahead of the game by protecting yourself from the dangers of scams, money mule scenarios, and other Anti-Money Laundering (AML) risks with our comprehensive guide, Typology Tales. With our expertly crafted guide, you'll be equipped with the knowledge of common money laundering techniques, complete with clear details that are easy to understand. This way, you'll be able to adapt your compliance program effectively and efficiently to stay ahead of any potential threats.If you're curious about how our transaction monitoring solution leverages these typologies, don't hesitate to reach out to us. Download Typology Tales now and safeguard your business from AML risks!
Suspicious Activity Report (SAR): What You Need to Know
Suspicious Activity Report (SAR): What You Need to KnowTo combat the growing volume of illicit financial activities, such as money laundering or the financing of terrorism, it is the duty of financial institutions (FI) to report any suspicious transactions to authorities. For most countries, this takes the form of a document submitted by a financial institution to the appropriate authority, according to compliance regulations for that country. Documents filed are known as suspicious activity reports (SAR), or sometimes suspicious transaction reports (STR).As such, financial institutions must be aware of when and how to report suspicious activity for the specific country they are operating in and should ensure that their Anti-Money Laundering (AML) process is set up to submit such reports efficiently. What you will learn from this ebook:What constitutes a suspicious activityWho is required to file a SARSAR decision making processE-filing and the future of SAR