Anti-Money Laundering

Fraud, Scams & Cybercrime

Vietnam Expands Bank-Police Cooperation to Combat Online Fraud

By Editors | 30/06/2026

The Ministry of Public Security and central bank will strengthen information sharing, monitor suspicious accounts and trace illicit financial flows under a new cooperation plan.

Fraud, Scams & Cybercrime

Korea to Cap Remote Account Openings to Combat Fraud

By Sanday Chongo Kabange | 30/06/2026

Regulators will limit non-face-to-face "free savings" account openings to three per quarter and mandate in-person closures for new accounts to curb online scams.

PEPs & Sanctions

China Bolsters Export Controls With Whistleblower System

By Mark Johnston | 30/06/2026

New measures to enforce controls on strategic minerals come as two Japanese nationals are detained for alleged smuggling of rare earths.

Anti-Money Laundering

Philippines Flags Tax Evasion as High Money Laundering Threat

By Sanday Chongo Kabange | 29/06/2026

The AMLC has identified tax evasion, with estimated annual losses of PHP 500 billion, as a top money laundering threat in a new risk assessment.

Supervision & Enforcement

China Audit Uncovers Widespread Misconduct at Top State Banks

By Mark Johnston | 29/06/2026

Annual government audit reveals significant compliance failures, including billions in tax evasion and improper lending, at some of the nation’s largest banks.

Anti-Money Laundering

Bangladesh Freezes $6.3bn in Assets in AML Drive

By Editors | 29/06/2026

Authorities have attached assets linked to 11 priority cases and sent 23 international assistance requests as part of efforts to recover funds allegedly transferred abroad.

Anti-Money Laundering

BOT Warns Payment Gateways Over Unlicensed Forex Trades

By Editors | 29/06/2026

BOT is targeting the misuse of foreign platforms like Alipay and WeChat Pay to bypass the domestic banking system and official exchange protocols.

Supervision & Enforcement

ASIC Sues Keystone Directors Over Alleged A$530m Scheme Failures

By Editors | 29/06/2026

Federal Court proceedings allege significant governance failures by former directors and compliance committee members involving investor funds.

Anti-Money Laundering

Korean Banks Review Partnerships With Domestic Crypto Exchanges

By Mark Johnston | 29/06/2026

Lenders are conducting AML audits as mandatory real-name account contracts come up for renewal, with market leader Upbit's partnership undecided.