Anti-Money Laundering

Anti-Money Laundering

Hong Kong Insurance Authority Fines Three Brokers for AML Breaches

By Sanday Chongo Kabange | 09/03/2026

The action follows an investigation that found deficiencies in customer due diligence and record-keeping, amid heightened regulatory scrutiny of the sector.

Anti-Money Laundering

Thai Police Request Interpol Notice for Alleged KuCoin Money Launderer

By Mark Johnston | 08/03/2026

Thailand has requested an Interpol Red Notice for a fugitive businessman accused of laundering funds through cryptocurrency exchanges and regional scam networks.

Anti-Money Laundering

Hong Kong AFRC Fines Audit Firms in First-Ever AML Disciplinary Actions

By Sanday Chongo Kabange | 06/03/2026

The AFRC sanctioned a PIE auditor and two smaller firms for failures in customer due diligence, risk assessments, and sanctions screening.

Anti-Money Laundering

AUSTRAC Issues Guidance on New Powers to Compel AML Examination

By Sanday Chongo Kabange | 06/03/2026

AUSTRAC has detailed how it will use new powers to compel individuals to attend examinations and answer questions under oath.

Anti-Money Laundering

Australia’s Federal Court Finds Two Star Execs Breached Duties

By Sanday Chongo Kabange | 06/03/2026

A landmark judgment clears seven non-executive directors but finds two senior executives failed in their duties regarding money laundering risks.

Anti-Money Laundering

Taiwan Indicts 62 in Laundering Probe Linked to Prince Group

By Sanday Chongo Kabange | 05/03/2026

Prosecutors allege the Cambodia-based conglomerate used shell companies and underground remittances to launder funds and disrupt Taiwan's financial order.

Anti-Money Laundering

Cross-Border Crime Demands Regional Response: AUSTRAC Chief

By Nathan Lynch | 05/03/2026

We need near real-time intelligence sharing that operates regionally rather than just domestically, Brendan Thomas said at Regulation Asia's Fraud & Financial Crime Australia conference.

Anti-Money Laundering

Korea Revamps AML Evaluation to Reward Proactive Risk Management

By Sanday Chongo Kabange | 05/03/2026

The updated framework will introduce qualitative assessments and risk-based penalties to encourage voluntary improvements by financial institutions.

Anti-Money Laundering

AUSTRAC Warns of 'Integrated' APAC Crime System, Calls for Regulatory Rethink

By Sanday Chongo Kabange | 05/03/2026

AUSTRAC says old rules are misaligned with new, industrial-scale, cross-border criminal ecosystems operating at unprecedented speed.