SANCTIONS

AML / KYC

BNM Fines Multiple Banks for AML and Reporting Failures

By Nithya Subramanian | 29/05/2025

Bank Pembangunan and two HSBC entities were penalised for failures to properly identify and verify beneficial owners.

AML / KYC

Cambodia Scam Industry Generates Up to $19bn Annually – Report

By Manesh Samtani | 28/05/2025

New report recommends sanctions on 28 officials and businesspeople for alleged involvement in or support of Cambodia’s scam industry.

AML / KYC

G7 Finance Ministers Pledge Action Against Financial Crime

By Manesh Samtani | 27/05/2025

G7 commits to strengthening AML frameworks, enhancing international cooperation, and supporting developing countries to combat financial crime.

Sanctions

Japanese Shipper Lobbies for Relief After EU Sanctions Hit LNG Tankers

By Editors | 27/05/2025

Mitsui OSK is lobbying the EU via various channels, including the Japanese government, following sanctions on three tankers linked to a Russian LNG project.

Sanctions

UK, EU Impose Russia Sanctions Amid Failing Ceasefire Talks

By Manesh Samtani | 21/05/2025

The targets include entities in Hong Kong, mainland China, Singapore and Vietnam. UK and EU also working to tighten the oil price cap.

AML / KYC

AUSTRAC Seeks Further Input on AML/CTF Rule Overhaul

By Manesh Samtani | 20/05/2025

AUSTRAC seeks further industry input on AML/CTF rule amendments before it finalises the changes in August 2025.

Sanctions

US Tightens Export Controls Targeting Huawei AI Chips

By Manesh Samtani | 18/05/2025

Huawei’s Ascend AI chips now need a licence for their use irrespective of geographical location, which is an effective worldwide ban.

Sanctions

US Sanctions Chinese Firms Supporting Iran Ballistic Missile Programme

By Nithya Subramanian | 16/05/2025

The sanctions target individuals and firms linked to carbon fibre exports and advanced materials used by the IRGC.

Enforcement

China Tightens Grip on Strategic Mineral Exports

By Mark Johnston | 15/05/2025

China has vowed to strengthen its control over the supply chains of strategic minerals, aiming to safeguard national security and prevent illegal outflows.