AML / KYC

Enforcement

Hong Kong Court Enhances Man's Sentence to Deter 'Puppet Accounts'

By Editors | 06/02/2026

The court approved a police application for a harsher penalty, signalling a tougher stance on the abuse of personal bank accounts for illicit activities.

Enforcement

US Jails Chinese National for 'Pig Butchering' Crypto Laundering Scheme

By Editors | 05/02/2026

Jingliang Su was sentenced to nearly four years for laundering funds from scams run from Cambodian centres through the Bahamas using Tether.

AML / KYC

Sri Lanka President Orders Action on AML Deficiencies to Avoid 'Grey List'

By Editors | 05/02/2026

President orders urgent action on legal and staffing shortfalls ahead of a critical FATF evaluation to avoid being placed back on the "grey list".

AML / KYC

ASIC Urges Super Funds to Address "Serious Gaps" in Scam Defences

By Sanday Chongo Kabange | 05/02/2026

A review found superannuation funds lag major banks on scam warnings, prompting calls for urgent action to adopt new standards.

Crypto / Digital Assets

Coinbase Accuses Australian Banks of 'Systemic Debanking'

By Sanday Chongo Kabange | 04/02/2026

Coinbase has urged lawmakers to legislate transparency measures, arguing current bank practices threaten competition and innovation in the country.

Fintech / Regtech

MAS Highlights Challenges in Halting Authorised Push Payment Fraud

By Nithya Subramanian | 04/02/2026

MAS Chairman explains the complexity of distinguishing legitimate from fraudulent self-authorised transactions.

AML / KYC

Taiwan Proposes New Anti-Fraud Reporting Mechanism for Banks

By Sanday Chongo Kabange | 04/02/2026

The proposals include a new reporting channel to prosecutors and expand the definition of suspicious accounts to combat financial crime.

Fintech / Regtech

Japan Proposes Rules for Handling Foreign-Issued Stablecoins

By Manesh Samtani | 04/02/2026

The proposals would bring certain foreign trust-based stablecoins into Japan's regulatory framework, imposing strict equivalence and due diligence rules on local handlers.

AML / KYC

Hong Kong to Raise Licensing Fees for Money Service Operators

By Sanday Chongo Kabange | 04/02/2026

The government plans to increase licensing fees for money service operators by up to 15 percent, with implementation set for May 2026.