AML / KYC

    Enforcement

    India’s CBI Summons Bank Officials in Major Cyber Fraud Crackdown

    By Nithya Subramanian | 04/07/2025

    The CBI has launched a nationwide probe into over 850,000 suspected mule accounts linked to cybercrime, amid concerns of insider collusion and weak KYC controls.

    Sanctions

    US Sanctions Singapore Firm in Crackdown on Iranian Oil 'Shadow Fleet'

    By Editors | 04/07/2025

    The US has sanctioned a Singapore-based firm as part of a major crackdown on networks facilitating billions in Iranian oil sales.

    AML / KYC

    AUSTRAC Announces Closure of Enforceable Undertaking with Perth Mint

    By Sanday Chongo Kabange | 04/07/2025

    AUSTRAC has closed its enforceable undertaking against Perth Mint but warned of ongoing risks in the bullion sector.

    AML / KYC

    SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

    By Editors | 04/07/2025

    The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.

    AML / KYC

    BFIU Freezes Accounts of Eastern Bank Chairman Over Suspicious Transactions

    By Nithya Subramanian | 04/07/2025

    Bangladesh’s FIU has frozen credit card activity as well as asked banks to submit transaction details.

    AML / KYC

    Philippine Central Bank to Issue Circular on Online Gambling Risks

    By Sanday Chongo Kabange | 04/07/2025

    The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

    AML / KYC

    How Hong Kong is Tackling the Money Mule Threat

    By Manesh Samtani | 04/07/2025

    Industry experts discussed the growing sophistication of money mule networks and the complexities of detecting and offboarding suspicious accounts.

    AML / KYC

    AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

    By Sanday Chongo Kabange | 04/07/2025

    AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

    AML / KYC

    ASIC Issues Warning on ‘High-Pressure’ Sales Tactics in Super Sector

    By Sanday Chongo Kabange | 03/07/2025

    ASIC’s warning comes amid rising cases of retirement savings into “complex and risky schemes”.

    AML / KYC

    Japan FSA Flags Banks, Crypto as High-Risk for Money Laundering

    By Editors | 03/07/2025

    The FSA will focus on verifying the effectiveness of AML/CFT systems at FIs in preparation for the next FATF mutual evaluation.

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