AML / KYC

AML / KYC

OFAC Warns FIs on Sanctions Evasion Via Sham Transactions

By Manesh Samtani | 01/04/2026

OFAC has issued an advisory detailing red flags and compliance considerations for identifying transactions designed to obscure sanctioned ownership.

Market Infrastructure

EU Payments Strategy Targets Cross-Border Links with Asia

By Manesh Samtani | 01/04/2026

The strategy details plans for a digital euro and new rules for tokenised assets, with a significant focus on strategic autonomy.

Enforcement

Singapore Extradites Ex-Wirecard Exec to Face Fraud Charges in Germany

By Manesh Samtani | 01/04/2026

The move follows an international operation targeting a multi-million euro fraud ring that exploited the collapsed German payments firm for money laundering.

AML / KYC

Australia's 2025 Scam Losses Rose 7.8pc YoY: NASC Report

By Sanday Chongo Kabange | 01/04/2026

Report reveals latest scam loss statistics and highlights a shift by the Australian government towards a prevention-first regulatory model.

AML / KYC

Australia’s Financial Complaints Authority Appoints First Chief Scams Officer

By Sanday Chongo Kabange | 01/04/2026

David Lacey will lead a new multi-party dispute resolution service, holding banks, telcos and digital platforms to account under a new government framework.

Fintech / Regtech

Regulatory Lag Leaves Australia Open to 'Upstream' Crime Threats

By Bradley Maclean | 31/03/2026

Senior financial crime leaders warn that while threats are increasingly global and sophisticated, domestic regulatory frameworks and information-sharing mechanisms are failing to keep pace.

Sanctions

FinCEN Proposes Rule to Formalise Whistleblower Payouts

By Manesh Samtani | 31/03/2026

The proposed rule would offer awards to whistleblowers, including non-US persons, for tips on financial crime if they result in successful enforcement actions.

AML / KYC

Bangladesh Sets New e-KYC Framework for Insurers and Capital Markets

By Sanday Chongo Kabange | 31/03/2026

The BFIU has issued a new directive requiring a digital, biometric-based KYC process by the end of 2026.

AML / KYC

UK Freezes US$107 Million in London Property Linked to Chinese Fugitive

By Sanday Chongo Kabange | 31/03/2026

The action utilises an Unexplained Wealth Order, placing scrutiny on anti-money laundering checks within the UK’s luxury property market.