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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    PEPs & Sanctions

    US: Two Men Plead Guilty to Russia Export Control Violations

    By Editors | 11/07/2024

    The two men shipped US-manufactured dual-use electronics to Turkey, Hong Kong, India, China, and UAE before they were rerouted to Russia.

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    Anti-Money Laundering

    US DOJ Secures Guilty Plea from Crypto Exec for AML Failures

    By Editors | 11/07/2024

    Paxful co-founder Artur Schaback pleaded guilty for willfully failing to establish, develop, implement, and maintain an effective AML programme.

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    Anti-Money Laundering

    FATF Calls for Urgent Action to Regulate Gatekeeper Professions

    By Manesh Samtani | 11/07/2024

    Australia, China, the US, and South Korea scored the lowest on compliance with the FATF’s corruption prevention standards.

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    Anti-Money Laundering

    Singapore to Develop Standards for SoW Checks by Banks

    By Editors | 10/07/2024

    MAS has reportedly formed a group that will work to develop standards for account opening and source of wealth checks by year-end.

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    Anti-Money Laundering

    Global Implementation of AML Measures for Crypto “Still Lagging”

    By Manesh Samtani | 10/07/2024

    The FATF says there has been “negligible improvement” in regulating virtual assets and “insufficient progress” in implementing the travel rule.

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    Fraud, Scams & Cybercrime

    HK Financial Consultant Pleads Guilty in ICAC Fraud Case

    By Sanday Chongo Kabange | 09/07/2024

    The consultant pleaded guilty in an investment fraud case that also involves three former StanChart relationship managers.

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    Anti-Money Laundering

    AUSTRAC Releases Two National Risk Assessments

    By Editors | 09/07/2024

    The NRAs provide an understanding of the scale, sophistication and threat of money laundering and terrorism financing in Australia.

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    Anti-Money Laundering

    Five Chinese Money Launderers Arrested in Spain

    By Manesh Samtani | 09/07/2024

    The head of an alleged Chinese criminal network was among those arrested during the Europol-supported operation.

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    Anti-Money Laundering

    HKMA Fines DBS for Historical AML Deficiencies

    By Sanday Chongo Kabange | 08/07/2024

    HKMA investigation found deficiencies in the bank’s systems and controls for compliance with the AMLO.

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    Anti-Money Laundering

    Nordea Charged for Laundering $3.8b for Russian Clients

    By Editors | 08/07/2024

    Danish authorities said Nordea did not adequately investigate transactions by Russian clients and ignored other warnings.

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