AML / KYC

AML / KYC

Chinese Underground Banks Use Cartel Cash for TBML – Report

By Editors | 03/07/2025

A former senior DEA official has detailed a vast trade-based money laundering network linking Chinese investors, students, and the Sinaloa cartel.

AML / KYC

New Zealand FMA Issues Warning to Investors on Crypto Risks

By Sanday Chongo Kabange | 03/07/2025

The FMA warned that the most common crypto scams are related to fake online crypto investment platforms.

Securities / Derivatives

SEBI Allows Use of NPCI’s e-KYC Setu for Aadhaar Verification

By Nithya Subramanian | 03/07/2025

Registered intermediaries can use NPCI’s e-KYC Setu System as an additional method for Aadhaar-based digital KYC.

AML / KYC

TBML Fundamentals: A Primer for Risk and Compliance Professionals

By Nathan Lynch | 03/07/2025

Trade is central to the movement of vast sums of illicit wealth through the financial system, yet it remains a challenging area for AML practitioners.

AML / KYC

1MDB Liquidators Sue StanChart for $2.7b Over Alleged AML Failures

By Nithya Subramanian | 02/07/2025

Three firms allege that the bank enabled over 100 intra-bank transfers that helped conceal the movement of stolen public funds.

AML / KYC

China Imposes New AML Rules on Precious Metals and Gems Dealers

By Manesh Samtani | 02/07/2025

New rules effective 1 August require dealers to conduct due diligence and report cash transactions over CNY 100,000.

AML / KYC

US and Singapore Banks Being Used to Launder Scam Proceeds – Report

By Nithya Subramanian | 02/07/2025

Questions are being raised on whether banks are doing enough to detect suspicious activity and prevent abuse.

Enforcement

Philippines: Many Online Scammers Used to Work at POGOs

By Nithya Subramanian | 01/07/2025

Authorities say many online scammers who’ve been arrested used to work for POGOs, which were banned in the Philippines last year.

AML / KYC

RBI Tightens Rules for Aadhaar Payment Operators to Curb Fraud

By Editors | 01/07/2025

New rules mandate stricter due diligence and ongoing risk monitoring for AePS touchpoint operators to protect customers from fraud.