AML / KYC

MAS Fines Major Banks in S$3 Billion Money Laundering Probe

By Manesh Samtani | 05/07/2025

MAS has penalised nine financial institutions, including Credit Suisse and UOB, for significant AML control failures linked to a major criminal case.

Enforcement

India’s CBI Summons Bank Officials in Major Cyber Fraud Crackdown

By Nithya Subramanian | 04/07/2025

The CBI has launched a nationwide probe into over 850,000 suspected mule accounts linked to cybercrime, amid concerns of insider collusion and weak KYC controls.

Sanctions

US Sanctions Singapore Firm in Crackdown on Iranian Oil 'Shadow Fleet'

By Editors | 04/07/2025

The US has sanctioned a Singapore-based firm as part of a major crackdown on networks facilitating billions in Iranian oil sales.

AML / KYC

SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

By Editors | 04/07/2025

The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.

AML / KYC

BFIU Freezes Accounts of Eastern Bank Chairman Over Suspicious Transactions

By Nithya Subramanian | 04/07/2025

Bangladesh’s FIU has frozen credit card activity as well as asked banks to submit transaction details.

AML / KYC

Philippine Central Bank to Issue Circular on Online Gambling Risks

By Sanday Chongo Kabange | 04/07/2025

The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

AML / KYC

How Hong Kong is Tackling the Money Mule Threat

By Manesh Samtani | 04/07/2025

Industry experts discussed the growing sophistication of money mule networks and the complexities of detecting and offboarding suspicious accounts.

AML / KYC

AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

AML / KYC

Japan FSA Flags Banks, Crypto as High-Risk for Money Laundering

By Editors | 03/07/2025

The FSA will focus on verifying the effectiveness of AML/CFT systems at FIs in preparation for the next FATF mutual evaluation.

AML / KYC

RBI Directs Banks to Adopt Telecoms Fraud Risk Tool

By Manesh Samtani | 03/07/2025

The RBI has directed all lenders to integrate a new government system that flags mobile numbers linked to financial fraud.

JOIN OUR NEWSLETTER

A daily selection of top stories from the Regulation Asia editorial team