AML / KYC

AML / KYC

Global Laundering Syndicates Targeting Australian Real Estate: AUSTRAC

By Nathan Lynch | 22/08/2025

Australia is tackling a surge in illicit funds as global crime syndicates seek to exploit its stable economy and booming property market, ahead of the "Tranche 2" AML/CTF reforms.

Enforcement

India Reconstitutes and Expands Mandate of Banking Fraud Advisory Board

By Mark Johnston | 22/08/2025

The reconstituted Advisory Board for Banking and Financial Frauds will have to review all public sector bank frauds over INR 30 million before criminal probes can begin.

Trending

AUSTRAC Orders External AML Audit of Crypto Exchange Binance

By Editors | 22/08/2025

AUSTRAC cited serious concerns with Binance's AML controls, governance, and a lack of understanding of local Australian risks.

AML / KYC

Bank of Thailand Clarifies Scope of New Mobile Transfer Limits

By Editors | 22/08/2025

BOT has clarified that a new THB 50,000 daily transfer limit will only apply to specific high-risk and new customer groups, not all users.

Sanctions

US, UK Target HK, China Firms in New Iran Oil Sanctions

By Manesh Samtani | 22/08/2025

The sanctions target multiple shipping companies in Hong Kong, China, and the Marshall Islands for facilitating Iranian oil exports.

AML / KYC

Vietnam Proposes Strict Reporting Rules for IFC Money Transfers

By Nithya Subramanian | 22/08/2025

The SBV has drafted new AML rules for planned international financial centres, aiming to curb illicit flows with stricter transaction reporting.

Sanctions

UK Sanctions Kyrgyz Bank, Crypto Firms in Russia Evasion Clampdown

By Manesh Samtani | 22/08/2025

The new designations target a bank and crypto networks in Kyrgyzstan accused of helping Russia circumvent international financial restrictions.

AML / KYC

Online Scams Persist in Malaysia Despite Awareness Drives: Minister

By Nithya Subramanian | 21/08/2025

Online scams in Malaysia persist as syndicates shift tactics, use fake identities and websites, and exploit low digital literacy and weak cross-border enforcement.

Enforcement

ASIC Expands Website Takedown Capability to Include Social Media Ads

By Sanday Chongo Kabange | 21/08/2025

ASIC is expanding its website takedown capability to include social media advertisements in response to evolving tactics employed by scammers.