Anti-Money Laundering

Anti-Money Laundering

Malaysian Authorities Arrest 10 Foreigners in AML Operation

By Nithya Subramanian | 10/02/2025

Authorities arrested 10 foreign nationals for offering unlicensed money transfer services to Indonesian and Indian customers

PEPs & Sanctions

US Seizes Second Plane Belonging to Venezuela

By Editors | 10/02/2025

The seizure was overseen by US Secretary of State Marco Rubio. The Venezuelan foreign ministry called him “an aircraft thief”.

Anti-Money Laundering

ByBit Pays $1m Penalty to Re-enter Indian Crypto Market

By Nithya Subramanian | 10/02/2025

Bybit has paid a penalty and registered with FIU-IND, after having suspended services in India last month.

Anti-Money Laundering

US Authorities Settles AML Charges with Armoured Car Company

By Nithya Subramanian | 09/02/2025

This is FinCEN’s first enforcement against an armoured car company, which admitted to transporting bulk currency between third parties in violation of US law.

Anti-Money Laundering

US Convicts Chinese Nationals for Fentanyl Precursor Shipment

By Editors | 08/02/2025

The shipment was arranged by undercover law enforcement agents who pretended to be buyers of the precursor chemicals.

Cryptocurrency

Japan Orders Apple, Google to Block Unregistered Crypto Apps

By Thisanka Siripala | 08/02/2025

The FSA is targeting Bybit, MEXC Global, LBank Exchange, KuCoin, and Bitget, which have been operating without proper registration under Japan’s Payment Services Act.

Anti-Money Laundering

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

Operational Risk

China to Improve Regulatory System for Trust Companies

By Manesh Samtani | 06/02/2025

State Council guidelines call for stricter market entry regulations for trust companies as well as improved corporate governance and risk management

Anti-Money Laundering

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens