Anti-Money Laundering

Fraud, Scams & Cybercrime

Japan to Enhance Information Sharing on Illegally Used Bank Accounts

By Manesh Samtani | 10/01/2025

Mizuho, MUFG Bank, SMBC, Resona Bank, Joyo Bank, and Bank of Nagoya are participating in a JBA-led study group to develop a new information-sharing framework

Fraud, Scams & Cybercrime

Rescue of Chinese Actor Turns Spotlight to Myanmar Scam Compounds

By Manesh Samtani | 10/01/2025

The actor was lured to Thailand by a promise of a job casting before being taken to Myanmar and put to work in a scam compound

Fraud, Scams & Cybercrime

US Court Sentences Aide of Exiled Chinese Businessman Guo Wengui

By Mark Johnston | 09/01/2025

Yvette Wang was sentenced to 10 years in prison for her involvement in a $1bn fraud scheme orchestrated by Chinese businessman Guo Wengui.

Cryptocurrency

Korean Supreme Court Uphold Jail Sentence of Crypto Trader

By Editors | 09/01/2025

The decision has brought clarity on the definition of a virtual asset business operator under South Korean law

Anti-Money Laundering

China FX Regulator Directs Banks to Ramp Up Risk Monitoring

By Manesh Samtani | 08/01/2025

Banks are asked to monitor for and report illegal cross-border financial activities involving underground banks, cross-border gambling, and virtual currencies

Anti-Money Laundering

Unlocking the Value of GenAI in Financial Crime Compliance

By Bradley Maclean | 07/01/2025

SymphonyAI’s Craig Robertson, DBS’ Lam Chee Kin and BOS’ Ng Kok Keong discuss the use of AI in financial crime compliance.

Anti-Money Laundering

US Authorities Target US Clients of Trident Trust in Global Tax Probe

By Editors | 07/01/2025

US court order will require US entities of Trident Trust to reveal the identities of US taxpayer clients who used its services.

Anti-Money Laundering

Regulation Asia: Top 10 Contributed Articles for 2024

By Editors | 05/01/2025

This list presents the most-read contributed articles published by Regulation Asia in 2024, based on aggregated user traffic.

Anti-Money Laundering

China Consults on Draft CFT rules for Social Organisations

By Editors | 05/01/2025

Under the rules, social organisations have to undertake periodic TF risk assessments and implement risk prevention measures commensurate with their TF risks.