AML / KYC

AML / KYC

Bangladesh FIU Mandates Weekly Instead of Monthly Cash Transaction Reports

By Editors | 09/01/2026

The directive, effective 11 January 2026, requires reports on transactions over BDT 1 million to be filed weekly, a major shift from the previous monthly deadline.

AML / KYC

Cambodia Boosts Audit Quality, Trust Sector Governance with New Rules

By Sanday Chongo Kabange | 08/01/2026

Six new proclamations target audit quality, financial reporting, and establish a dispute resolution mechanism for the fast-growing trust sector.

Enforcement

Cambodia Arrests, Extradites Prince Group’s Chen Zhi to China

By Nithya Subramanian | 08/01/2026

The extradition to China on Tuesday follows a months-long joint investigation, amid US charges and a wave of regional asset seizures and regulatory actions.

AML / KYC

Malaysian Authorities Intensify 1MDB Asset Recovery Effort: Report

By Nithya Subramanian | 07/01/2026

The government plans to “fast track” civil suits against financial institutions, but will remain “flexible” on settlements.

AML / KYC

Korea, Cambodia Sign Tax Info-Sharing Agreement to Fight Transnational Crime

By Sanday Chongo Kabange | 07/01/2026

The agreement focuses on strengthening information exchange to combat illegal fund transfers linked to transnational crimes and offshore tax evasion.

Enforcement

Singapore Court Jails Director Over Scam-Linked Shell Companies

By Nithya Subramanian | 07/01/2026

A company director has been imprisoned and fined for registering shell firms that were used to fraudulently receive more than USD 210,000 in suspected criminal proceeds from a US-based company.

Enforcement

Hong Kong Jails Ex-HSBC Banker Over Account Opening Bribery Scheme

By Sanday Chongo Kabange | 07/01/2026

The former banker and an intermediary were sentenced to six months' imprisonment for a conspiracy involving over CNY 13,000 in bribes to open accounts.

Enforcement

How a South Sudanese General Regained Control of an Australian Mansion

By Nathan Lynch | 07/01/2026

A court judgment has allowed a South Sudanese PEP to retain control of a multi-million-dollar mansion in Victoria, highlighting the challenges facing the financial intelligence community.

AML / KYC

India’s IFSCA Updates AML/CFT and KYC Framework in GIFT City

By Nithya Subramanian | 06/01/2026

The revised guidelines sharpen beneficial ownership thresholds, expanding digital KYC norms and reinforcing a risk-based compliance approach for entities operating in GIFT City and other IFSCs.