Reported by Tristan Navera (Summary version featured below) The U.S. Supreme Court has allowed enforcement of the Corporate Transparency Act (CTA) to proceed amid ongoing legal challenges, leaving the future of the 2021 financial crime law in the hands of the Trump administration. While the government is now closer than ever to implementing the law, […]

Reported by Fenergo Fenergo has reported that nearly 90% of banking executives in Singapore report losing clients due to delays in the onboarding process, marking a 35% increase from 2023. The company notes that Singaporean banks are experiencing the highest client loss worldwide due to KYC inefficiencies. The report provides an analysis of the time and cost implications […]