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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    Anti-Money Laundering

    European Council Adopts New AML Regulatory Package

    By Nithya Subramanian | 31/05/2024

    This is the final step of the adoption procedure. The texts will now be published in the EU’s Official Journal and enter into force.

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    Anti-Money Laundering

    AUSTRAC Accepts Enforceable Undertaking from Sportsbet

    By Sanday Chongo Kabange | 30/05/2024

    The undertaking binds the online betting company to an ongoing remedial action plan to improve its AML/CTF programme.

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    Anti-Money Laundering

    Singapore Publishes Environmental Crimes ML Risk Assessment

    By Nithya Subramanian | 30/05/2024

    Singapore is assessed to be at medium-low risk for money laundering linked to environmental crimes.

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    Fraud, Scams & Cybercrime

    Authorities Take Down “World’s Largest” Malicious Botnet

    By Editors | 30/05/2024

    US authorities, with international partners, arrested the botnet’s administrator and seized infrastructure and assets.

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    Anti-Money Laundering

    US Treasury Publishes Illicit Finance Risk Assessment on NFTs

    By Editors | 30/05/2024

    NFTs are “highly susceptible” to use in fraud and scams, but “rarely” used for proliferation financing or terrorist financing.

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    Anti-Money Laundering

    Former FTX Executive Sentenced to 7.5 Years in Prison

    By Editors | 29/05/2024

    Former FTX executive Ryan Salame was also ordered to pay more than $6mn in forfeiture and more than $5mn in restitution.

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    Anti-Money Laundering

    Hong Kong Arrest 20 in Triad-Run Money Laundering Scheme

    By Sanday Chongo Kabange | 28/05/2024

    The HKPF arrested 20 people for laundering HK$10mn through 17 bank accounts set up by foreign domestic helpers and controlled by triads.

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    Custody & Infrastructure

    Australian Digital Assets Reform: An Acquired Taste or Unique Approach?

    By Rahul Advani | 28/05/2024

    Some questions remain with Canberra’s uniquely Australian approach to digital asset reform, says Rahul Advani.

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    Anti-Money Laundering

    Woman Jailed in UK in Bitcoin Laundering Case

    By Mark Johnston | 27/05/2024

    At sentencing on Friday, the judge said Jian Wen ought to have known that she was dealing with criminal property.

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    Anti-Money Laundering

    J5 Disseminates Risk Indicators Tied to Crypto Assets

    By Editors | 24/05/2024

    The risk indicators are intended to help financial institutions detect and report money laundering and illicit activities involving crypto assets.

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