Anti-Money Laundering

    Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

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    Fraud, Scams & Cybercrime

    US, UK, South Korea Warn of DPRK Espionage Campaign

    By Editors | 26/07/2024

    Joint advisory says North Korean hacker group ‘Andariel’ is a threat to entities in the US, UK, South Korea, Japan and India.

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    Fraud, Scams & Cybercrime

    Philippines Announces Total Ban on Offshore Gaming Operators

    By Mark Johnston | 25/07/2024

    The ban announced by the President will impact more than 400 POGOs, most of which are unlicensed and operate underground.

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    Stablecoins

    Emerging Markets Particularly Vulnerable to Stablecoin Risks: FSB

    By Editors | 24/07/2024

    New FSB report says EMDEs are particularly vulnerable to macro-financial risks associated with the use of foreign currency-pegged stablecoins.

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    PEPs & Sanctions

    Hong Kong Has Become a Sanctions Evasion Hub: Report

    By Manesh Samtani | 24/07/2024

    New report says Hong Kong has emerged as a “global centre for illicit finance and trade” and the city’s banks should be sanctioned.

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    Anti-Money Laundering

    US Authorities Recover Another $85m in 1MDB Case

    By Nithya Subramanian | 24/07/2024

    The DOJ secured the recovery of a Swiss financial account along with diamond jewellery and artwork worth a combined $85mn.

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    Anti-Money Laundering

    US House Passes Bill to Combat Crypto-enabled Illicit Finance

    By Nithya Subramanian | 23/07/2024

    Under the bill, an independent financial technology working group will be established to examine illicit finance in the digital asset ecosystem.

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    Anti-Money Laundering

    Singapore Says Jho Low Red Notice Remains in Effect

    By Nithya Subramanian | 22/07/2024

    Jho Low’s civil settlement with the US DOJ has “no bearing” on criminal investigations against him and his associates in Singapore.

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    Anti-Money Laundering

    FATF Upgrades New Zealand on Five Recommendations

    By Editors | 21/07/2024

    Revised AML/CFT regulations adopted in June 2023 addressed most deficiencies in recommendations 14, 16, 18, 22 and 23.

    Anti-Money Laundering

    US Banking Regulators Propose to Update AML Requirements

    By Editors | 21/07/2024

    The Federal Reserve, FDIC, NCUA, and OCC said the amendments are intended to align with changes recently proposed by FinCEN.

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    Anti-Money Laundering

    Thai Banks Urged to Tighten Scrutiny of Myanmar Transactions

    By Editors | 20/07/2024

    Thai Foreign Minister told parliament that the government will meet with banks regarding their due diligence processes for Myanmar transactions.

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