AML / KYC

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    Sanctions

    US Releases Convicted Former Operator of BTC-e in Prison Swap

    By Editors | 14/02/2025

    Alexander Vinnik was in US custody awaiting sentencing after pleading guilty last year for conspiracy to commit money laundering.

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    AML / KYC

    Australia Passes “World-leading” Scams Prevention Legislation

    By Sanday Chongo Kabange | 13/02/2025

    The law will introduce mandatory obligations for banks, telcos and social media platforms to prevent, detect and disrupt scams

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    AML / KYC

    ABS Launches Automated Bill of Lading Verification for Banks

    By Nithya Subramanian | 13/02/2025

    The tool, developed through a collaboration between the ABS Trade Finance Registry and SGTraDex, will help banks better tackle trade finance fraud.

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    AML / KYC

    Transparency International: Global Corruption to Impact Climate Action

    By Nithya Subramanian | 13/02/2025

    Latest Corruption Perceptions Index results highlight that weak anti-corruption efforts threaten democracy, enable money laundering, and put climate funds at risk

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    AML / KYC

    Australian Court Commences Trial Against Star Casino Executives

    By Thisanka Siripala | 11/02/2025

    The trial will examine whether 10 former executives and directors knowingly allowed money laundering and criminal activity at Star casinos.

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    Fintech / Regtech

    RBI to Boost Security of Cross-border CNP Transactions

    By Nithya Subramanian | 11/02/2025

    The RBI proposes to require an additional factor of authentication for card-not-present  transactions initiated by overseas merchants or acquirers

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    AML / KYC

    OJK Indonesia Issues New Bank Secrecy Regulations

    By Editors | 11/02/2025

    The regulations introduce clearer procedures for authorities requesting information from banks and for banks tasked with fulfilling such requests.

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    AML / KYC

    Thailand Cuts Electricity, Internet to Myanmar Scam Compounds

    By Manesh Samtani | 11/02/2025

    Thailand took action because kidnapping risk caused a downturn in tourism from China. Laos has now stepped in to provide electricity to Myanmar.

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    AML / KYC

    Bangladesh: Former Chair of BSEC Arrested, Denied Bail

    By Nithya Subramanian | 10/02/2025

    Shibli Rubayat Ul Islam allegedly received $361,000 in bribes and was involved in money laundering.

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    Enforcement

    Malaysian Authorities Arrest 10 Foreigners in AML Operation

    By Nithya Subramanian | 10/02/2025

    Authorities arrested 10 foreign nationals for offering unlicensed money transfer services to Indonesian and Indian customers

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