AML / KYC

AML / KYC

AUSTRAC Issues Guidance on New Powers to Compel AML Examination

By Sanday Chongo Kabange | 06/03/2026

AUSTRAC has detailed how it will use new powers to compel individuals to attend examinations and answer questions under oath.

AML / KYC

Australia’s Federal Court Finds Two Star Execs Breached Duties

By Sanday Chongo Kabange | 06/03/2026

A landmark judgment clears seven non-executive directors but finds two senior executives failed in their duties regarding money laundering risks.

Fintech / Regtech

Hong Kong Regulators Expand GenAI Sandbox Across Entire Financial Sector

By Sanday Chongo Kabange | 06/03/2026

The initiative now covers securities, insurance, pensions and payments, offering firms free computing power to test AI in a controlled environment.

Enforcement

Malaysia Expands National Scam Response Centre to 24 Hour Operations

By Nithya Subramanian | 06/03/2026

The move aims to freeze stolen funds faster as authorities reveal syndicates can drain accounts in under 10 minutes.

AML / KYC

Philippines Drafts Protocol to Reverse Fraudulent Transactions

By Sanday Chongo Kabange | 05/03/2026

The industry-wide framework aims to provide clearer and more reliable timelines for recovering funds stolen through scams and cyberattacks.

AML / KYC

Taiwan Indicts 62 in Laundering Probe Linked to Prince Group

By Sanday Chongo Kabange | 05/03/2026

Prosecutors allege the Cambodia-based conglomerate used shell companies and underground remittances to launder funds and disrupt Taiwan's financial order.

Sanctions

Cross-Border Crime Demands Regional Response: AUSTRAC Chief

By Nathan Lynch | 05/03/2026

We need near real-time intelligence sharing that operates regionally rather than just domestically, Brendan Thomas said at Regulation Asia's Fraud & Financial Crime Australia conference.

AML / KYC

Korea Revamps AML Evaluation to Reward Proactive Risk Management

By Sanday Chongo Kabange | 05/03/2026

The updated framework will introduce qualitative assessments and risk-based penalties to encourage voluntary improvements by financial institutions.

AML / KYC

AUSTRAC Warns of 'Integrated' APAC Crime System, Calls for Regulatory Rethink

By Sanday Chongo Kabange | 05/03/2026

AUSTRAC says old rules are misaligned with new, industrial-scale, cross-border criminal ecosystems operating at unprecedented speed.