AML / KYC

AML / KYC

US Sanctions Hong Kong, UAE Firms in Iran 'Shadow Banking' Crackdown

By Editors | 17/09/2025

The action targets a network using front companies and cryptocurrency to launder oil proceeds for Iran's military, heightening secondary sanctions risks.

Crypto / Digital Assets

Hong Kong Regulatory Framework Enhances Crypto Market Legitimacy

By Nathan Lynch | 17/09/2025

Hong Kong is ramping up its regulatory support for digital assets, positioning itself as a hub for stablecoins, while also addressing financial crime concerns.

AML / KYC

Philippines Freezes Assets in Widening Flood Control Corruption Probe

By Editors | 17/09/2025

A court has frozen 135 bank accounts as regulators deploy a new anti-scam law and probe alleged large-scale money laundering through casinos.

AML / KYC

Chinese Authorities Issue New AML Rules for Accounting Firms

By Manesh Samtani | 17/09/2025

China has expanded its AML framework, requiring accounting firms to conduct customer due diligence and report suspicious transactions.

AML / KYC

ASEAN Attorneys General Launch Regional Pact on Transnational Crime

By Nithya Subramanian | 16/09/2025

The Sanur Bali Declaration creates a new regional forum to strengthen cooperation against transnational crime, including scams, money laundering and asset smuggling.

AML / KYC

ASEAN Adopts 10-year Action Plan Against Transnational Crime

By Nithya Subramanian | 16/09/2025

ASEAN ministers have elevated cybercrime and online scams as the region’s top security concern while backing initiatives on money laundering and illegal migration.

AML / KYC

Sri Lanka Police Inaugurates New Bureau to Handle Complex Criminal Cases

By Nithya Subramanian | 16/09/2025

The CCIB will handle complex and high-priority cases such as those involving illegal asset investigations, organised crime, and cybercrime.

AML / KYC

Thai Authorities Pledge Urgent Action to Unblock Frozen Accounts

By Manesh Samtani | 16/09/2025

The BOT and government agencies are creating a 'war room' to expedite the unblocking of innocent accounts caught in a nationwide mule account sweep.

AML / KYC

AUSTRAC Urges Increased Vigilance for Child Exploitation Red Flags

By Editors | 16/09/2025

AUSTRAC details transaction patterns linked to child abuse and sextortion, reminding firms of their suspicious matter reporting obligations.