AML / KYC

AML / KYC

HK & Mainland Police Arrest Three for Face Spoofing and Money Laundering

By Sanday Chongo Kabange | 17/10/2025

The three members of a cross-border syndicate allegedly used pre-recorded videos to bypass facial recognition systems at digital banks.

AML / KYC

AUSTRAC to Get Additional Powers to Combat Crypto ATM Crimes

By Sanday Chongo Kabange | 16/10/2025

New legislation will empower AUSTRAC to restrict or prohibit high-risk products and give banks new tools to disrupt money mule accounts.

Sanctions

UK Sanctions Russian Oil Giants, Indian and Chinese Firms

By Manesh Samtani | 16/10/2025

A package of 90 new sanctions hits Rosneft, Lukoil, India's Nayara Energy and Chinese terminals in a bid to choke off Russian war funds.

Sanctions

China Imposes Export Curbs Following Dutch Takeover of Chipmaker

By Manesh Samtani | 16/10/2025

The Dutch government invoked a national security law to take control of the Chinese-owned chipmaker, prompting Beijing to block exports.

AML / KYC

How HUMINT is Closing the Gaps in Financial Crime Cases

By Nathan Lynch | 16/10/2025

In the complex world of financial crime investigations, banks and private companies are turning to “human intelligence” experts in an effort to crack their most challenging cases, writes Nathan Lynch.

AML / KYC

Australia Moves to Single Public Register for Beneficial Ownership

By Sanday Chongo Kabange | 16/10/2025

The government has streamlined its approach, scrapping a two-stage plan in favour of a direct, Commonwealth-operated public database for unlisted companies.

AML / KYC

Philippine SEC Proposes Tougher Beneficial Ownership Reporting Rules

By Sanday Chongo Kabange | 15/10/2025

The SEC’s draft rules introduce a seven-day reporting deadline for ownership changes and fines of up to PHP 2 million for false declarations.

Sanctions

China Sanctions Five US-based Subsidiaries of Korean Firm

By Mark Johnston | 15/10/2025

China's blacklisting of five US-based subsidiaries of Hanwha Ocean has sent a warning to third-country companies involved in the US-China industrial rivalry.

Enforcement

Singapore Court Jails Company Director in S$25m Luxury Goods Fraud

By Nithya Subramanian | 15/10/2025

Pi Jiapeng was jailed for fraudulent trading, breach of director’s duties, and money laundering, a conviction that follows the 14-year sentence handed to his wife and co-conspirator.