Anti-Money Laundering

Data Privacy

US Lawmakers Urged to Investigate Airwallex Over China Ties

By Sanday Chongo Kabange | 05/06/2026

A US national security group has called for a congressional investigation into Airwallex, citing data security risks and compliance concerns linked to the fintech's Chinese operations.

Anti-Money Laundering

Belgian Prosecutors Probe Wise Over AML Control Failures

By Editors | 05/06/2026

The fintech's European subsidiary is under an advanced investigation for alleged AML control failures, including inadequate customer identification and activity monitoring.

KYC & CDD

New Zealand Finalises New AML Identity Verification Code

By Sanday Chongo Kabange | 04/06/2026

The updated code introduces digital identity pathways and a more risk-based approach, aiming to reduce compliance burdens for low-risk customers and modernise verification methods.

Fraud, Scams & Cybercrime

FBI Has Seized $8 Billion in Crypto Dismantling Asian Scam Networks

By Sanday Chongo Kabange | 04/06/2026

Record US forfeiture of 127,000 bitcoin is linked to organised crime and human trafficking hubs in Cambodia and Myanmar.

Anti-Money Laundering

China Drafts Tough New Anti-Pyramid Scheme Rules for FIs

By Manesh Samtani | 02/06/2026

Proposed amendments to existing regulations will require financial and payment institutions to monitor and report suspicious funds and create an information-sharing mechanism with law enforcement.

Anti-Money Laundering

Australia Pledges AUD 5 Million to Bolster Pacific AML Efforts

By Sanday Chongo Kabange | 01/06/2026

The funding will enhance financial intelligence capabilities and partnerships with Pacific nations to combat serious crimes, including drug trafficking, child sexual exploitation and environmental crime.

Fraud, Scams & Cybercrime

Taiwan Proposes New Rules to Strengthen Anti-Fraud Defences

By Nithya Subramanian | 31/05/2026

The amendments aim to formalise data sharing between banks and VASPs, expand red flags, and streamline the return of victim assets.

Anti-Money Laundering

RBNZ Sues Co-operative Bank for AML Breaches

By Editors | 30/05/2026

The RBNZ has filed civil proceedings against The Co-operative Bank for systemic AML compliance failures.

Anti-Money Laundering

Korean Police Forms Task Force to Target ‘Tether Laundromat’ Schemes

By Nithya Subramanian | 29/05/2026

A new multi-agency police unit will target unregistered crypto exchanges used to launder criminal proceeds, with a specific focus on the stablecoin Tether.