AML / KYC

AML / KYC

Australia: Sydney Lawyer Charged in Major Bank Fraud Investigation

By Sanday Chongo Kabange | 24/04/2026

The arrest highlights a criminal syndicate's alleged infiltration of professional services, prompting wider regulatory scrutiny of mortgage fraud across Australian lenders.

AML / KYC

US Sanctions Cambodian Banks in Crackdown on Scam Networks

By Manesh Samtani | 24/04/2026

A Cambodian senator, two banks, and dozens of associated entities have been sanctioned for links to cyber-fraud and human trafficking operations.

Crypto / Digital Assets

Pakistan Reverses Crypto Ban, Sets New Rules for Banks

By Nithya Subramanian | 24/04/2026

The SBP has permitted banks to service licensed crypto firms under a strict new framework for AML and operational risk.

AML / KYC

New Zealand Banks Oppose Government's AML Levies Proposal

By Sanday Chongo Kabange | 23/04/2026

The NZBA has formally objected to a government proposal that would see banks fund the vast majority of a new NZD 27 million annual AML/CFT supervisory levy.

Enforcement

KoFIU Fines Casino Operator KRW 564 Million for AML Breaches

By Mark Johnston | 23/04/2026

KoFIU has sanctioned Kangwon Land for widespread AML/CFT deficiencies, ordering corrective action and imposing a KRW 564 million fine.

Enforcement

South Korean Court Jails 46 in Cross-Border Scam Ring Case

By Nithya Subramanian | 22/04/2026

The organised crime group, based in Cambodia and Thailand, defrauded around 110 victims of approximately KRW 9.4 billion.

Sanctions

US Issues New General Licence for Russia-Origin Oil Transactions

By Manesh Samtani | 22/04/2026

The temporary authorisation allows for the sale and delivery of oil loaded by 17 April, replacing a previous licence that expired earlier in the month.

Enforcement

Indonesia to Bolster Use of Non-Conviction Forfeiture Against Cybercrime

By Manesh Samtani | 22/04/2026

The FIU has highlighted the tool as key to tackling an "enforcement gap" amid rising online fraud and hacking.

AML / KYC

South Korea, US to Bolster AML Cooperation in Asia-Pacific

By Editors | 21/04/2026

Finance chiefs finalised a critical minerals framework and shared concerns over won volatility, while FIUs agreed to enhance information sharing to combat illicit finance.