AML / KYC

    Enforcement

    Thailand's Deputy Finance Minister Linked to Dirty Money Network - Report

    By Editors | 29/09/2025

    Vorapak Tanyawong allegedly used Singapore VCCs to conceal the takeover of a Thai finance company that was used to launder scam proceeds from Cambodia.

    ESG / Sustainability

    Hong Kong Secures First Money Laundering Conviction in Wildlife Trafficking Case

    By Editors | 29/09/2025

    A 37-year-old man has been jailed for 40 months under an amended ordinance, signalling a new focus on the financial proceeds of the illegal trade.

    AML / KYC

    HKMA Consults Banks on Framework for Sharing Scam Losses

    By Manesh Samtani | 29/09/2025

    The proposed framework aims to guide how liability is shared when customers are tricked into authorising payments to fraudsters amid a rise in such cases.

    Sanctions

    China Sanctions Six US Firms Over Taiwan and National Security Concerns

    By Editors | 29/09/2025

    China added the companies to its "unreliable entity" and export control lists, citing military cooperation with Taiwan and risks to its national security.

    Sanctions

    OFAC Sanctions DPRK-Myanmar Arms Procurement Network

    By Editors | 29/09/2025

    OFAC has designated a network selling North Korean arms to Myanmar, warning of secondary sanctions for financial institutions facilitating transactions.

    Fintech / Regtech

    India’s DoT, FIU-IND Ink MOU to Step up Fight Against Financial Fraud

    By Nithya Subramanian | 29/09/2025

    The MOU enables real-time intelligence sharing to block scam-linked mobile numbers and protect digital payments.

    AML / KYC

    Singapore Cuts Family Office Application Time from 12 to Three Months

    By Editors | 26/09/2025

    The move is part of a broader strategy to improve client onboarding and strengthen Singapore's position as a leading international wealth management centre.

    Fintech / Regtech

    Scams Now Leading Cause of Financial Disputes in Singapore: FIDReC

    By Nithya Subramanian | 26/09/2025

    With digital banking now commonplace, scams have emerged as the leading cause of disputes between consumers and financial institutions.

    Sanctions

    US Sanctions Indian Nationals and Online Pharmacy Over Fentanyl Trafficking

    By Nithya Subramanian | 26/09/2025

    The sanctions highlight the growing role of illegal online pharmacies in fueling the US fentanyl crisis, with Indian suppliers accused of working with traffickers to distribute counterfeit drugs.

    AML / KYC

    Bangladesh Bank Launches Probe into StanChart Credit Card Fraud

    By Mark Johnston | 26/09/2025

    The central bank has ordered an immediate investigation following reports of unauthorised transfers from 54 customer credit cards.

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