Anti-Money Laundering

Anti-Money Laundering

Bangladesh Proposes Sweeping Law to Combat Online Gambling

By Nithya Subramanian | 30/06/2026

The bill introduces stringent financial surveillance measures, AI-powered monitoring, and harsh penalties for operators, payment providers, and technology firms.

Anti-Money Laundering

FATF Demands Myanmar Tackle Illicit Finance from Scam Networks

By Editors | 30/06/2026

FATF has maintained Myanmar on its blacklist, urging it to act against extensive cyber-fraud operations and their significant illicit finance risks.

Data Privacy

Korea Fines Bithumb for Cross-Border Data Violations

By Mark Johnston | 30/06/2026

The KRW 210 million penalty comes with new privacy guidelines for the blockchain industry, signalling heightened scrutiny of data handling practices.

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.