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Sanctions
US Sanctions Russian Individuals, Entities for Election Interference
By Editors | 05/09/2024
The DOJ also charged two employees of the Russian-backed media network RT for conspiring to commit money laundering.
AML / KYC
Indonesia Captures Former Philippine Mayor Charged for Money Laundering
By Editors | 05/09/2024
The former mayor Alice Guo fled the Philippines in July after she was accused of helping to set up an illegal online gambling and scam centre.
AML / KYC
Indonesia Blocks Online Gamblers from Accessing Financial Services
By Nithya Subramanian | 03/09/2024
Over 6,000 accounts have been blocked to prevent online gamblers from accessing financial services and “create a deterrent effect”.
AML / KYC
Singapore Proposes Law to Empower Police to Stop Scams
By Nithya Subramanian | 03/09/2024
The proposed law will allow police to restrict banking transactions for victims who refuse to believe they are being scammed.
AML / KYC
New Zealand to Introduce AML Amendment Bill in November
By Sanday Chongo Kabange | 03/09/2024
A new cabinet paper sets out 25 proposals for further amendments to New Zealand’s AML/CFT Act.
Enforcement
SFC Imposes Lifetime Ban on Former UBS Associate Director
By Sanday Chongo Kabange | 03/09/2024
The former associate director was banned for life following his conviction for laundering $1.8mn that he stole from UBS.
Crypto / Digital Assets
Indian Court Orders Takedown of Scam Crypto Websites
By Ajoy K Das | 03/09/2024
The order was granted after crypto firm Mudrex filed legal action to stop investors being scammed by websites using its name and brand.
AML / KYC
Thai Banks Have Fully Implement Anti-Money Mule Measures: BOT
By Nithya Subramanian | 02/09/2024
The measures include sharing information through the Central Fraud Registry and blocking high-risk customers from opening accounts.
AML / KYC
HKMA Fines WeChat Pay for AML Control Deficiencies
By Sanday Chongo Kabange | 02/09/2024
WeChat Pay had control deficiencies in its process for undertaking CDD reviews and applying EDD measures.
Enforcement
China Extradites Crime Syndicate Ringleaders to South Korea
By Editors | 01/09/2024
The syndicate has been operating from China since 2017, using government impersonation scams to defraud almost 2,000 Koreans of $113mn.
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