Anti-Money Laundering

Fraud, Scams & Cybercrime

Korea Launches Amnesty Programme for Financial Crime Offenders

By Nithya Subramanian | 02/05/2025

Authorities have offered leniency to those who voluntarily turn themselves in or report accomplices, with rewards of up to KRW 100 million for tips leading to arrests.

Anti-Money Laundering

European Court of Justice Deems Malta’s Gold Passport Programme Illegal

By Manesh Samtani | 02/05/2025

CJEU ruled that a commercial transaction cannot be used to acquire EU citizenship. The scheme has earned Malta EUR 1.4 billion since 2015.

Fraud, Scams & Cybercrime

HKMA is Intensifying its Crackdown on Scams, Laundering, Fraud

By Nathan Lynch | 02/05/2025

The HKMA is sharpening its focus on financial crime as scams and fraud complaints continue to rise, albeit at a slower pace compared to previous years.

Cryptocurrency

AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges

By Sanday Chongo Kabange | 01/05/2025

Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.

Anti-Money Laundering

UAE Publishes New National Risk Assessment Report

By Nithya Subramanian | 01/05/2025

The report calls for stronger controls, improved due diligence, and enhanced coordination across regulated sectors.

Anti-Money Laundering

Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai

By Nithya Subramanian | 29/04/2025

The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.

Cryptocurrency

Japan Adds 30 More Jurisdictions to Scope of Travel Rule Requirements

By Editors | 29/04/2025

There were already 28 jurisdictions named after an update in January 2024. The FSA proposes to add 30 more jurisdictions, which are mostly EU nations.

Anti-Money Laundering

Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

By Mark Johnston | 28/04/2025

Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.

Fraud, Scams & Cybercrime

HKMA Launches Tender to Build Payment Data Analytics Platform

By Manesh Samtani | 28/04/2025

The objective of the new platform is to improve the identification and detection of fraud, mule accounts and other financial crime activities.