Anti-Money Laundering

Anti-Money Laundering

MAS Bans Ex-Bankers Over Roles in S$3bn Money Laundering Case

By Nithya Subramanian | 18/03/2026

Two former relationship managers who were convicted last year have received multi-year bans for offences including forgery and money laundering.

Anti-Money Laundering

AUSTRAC CEO Details 'Systemic' AML Failings in Gambling Sector

By Manesh Samtani | 18/03/2026

Brendan Thomas called out recurring AML/CTF weaknesses and outlined AUSTRAC's expectations ahead of major legislative reforms.

Anti-Money Laundering

Thailand Consults on 'Travel Rule' Implementation for Digital Assets

By Sanday Chongo Kabange | 17/03/2026

Digital asset business operators would have to collect, verify, and transmit information for all digital asset transfers; additional information for transactions valued at THB 30,000 or more.

Fraud, Scams & Cybercrime

INTERPOL Calls for APAC Regulatory Overhaul as AI-Driven Fraud Surges

By Sanday Chongo Kabange | 17/03/2026

New report details growing threat from 'Fraud-as-a-Service' and calls for updated KYC/AML rules for virtual asset service providers.

Anti-Money Laundering

KoFIU Imposes Six-Month Suspension, KRW 36.8 Billion Fine on Bithumb

By Manesh Samtani | 17/03/2026

The crypto exchange was penalised for millions of AML breaches, including transactions with unregistered overseas virtual asset service providers.

Fraud, Scams & Cybercrime

Cambodia Cabinet Approves Law Targeting Online Scam Centres

By Nithya Subramanian | 16/03/2026

Cambodia proposes legislation imposing heavy prison terms and fines for operators of online scam centres amid growing global fraud and trafficking concerns.

Cryptocurrency

India Tax Authorities Probe Crypto Payments to Moonlighting Professionals

By Nithya Subramanian | 16/03/2026

The investigation focuses on undeclared overseas crypto income as India expands reporting rules for digital assets and cross-border tax compliance.

Fraud, Scams & Cybercrime

India Freezes Over 90 Accounts in IDFC First Bank Fraud Probe

By Editors | 16/03/2026

The case involves the alleged siphoning of government funds through shell firms, bogus billing, and with the assistance of former bank employees.

Anti-Money Laundering

New Zealand Proposes Banks Bear 85pc of New AML Levies

By Sanday Chongo Kabange | 16/03/2026

The government has launched a consultation on funding its AML/CFT regime, with high-risk sectors set to cover most costs via a new levy system.