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

    Australia Publishes Sanctions Advisory for Crypto Exchanges

    By Nithya Subramanian | 10/05/2024

    Digital currency exchanges should take “reasonable precautions” and exercise due diligence to prevent sanctions evasion.

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    Anti-Money Laundering

    Singapore to Strengthen Laws to Pursue Money Launderers

    By Nithya Subramanian | 10/05/2024

    Sectoral regulators will have access to STRs filed by entities they regulate, to enable better detection.

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    PEPs & Sanctions

    Malaysia Tells US Officials it Only Recognises UN Sanctions

    By Editors | 10/05/2024

    US officials have warned Malaysia about ship-to-ship transfers and Iranian money moving through its financial system.

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    Anti-Money Laundering

    FIs Exposed to Land Conversion-related Financial Crime Risk

    By Manesh Samtani | 09/05/2024

    WWF-UK and Themis have identified vulnerabilities when it comes to handling the proceeds of land conversion-related financial crimes.

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    Anti-Money Laundering

    FinCEN Issues Advisory to Help FIs Detect Terrorist Financing

    By Manesh Samtani | 08/05/2024

    The Advisory describes how Iran finances terrorist organisations and provides red flags to aid in detection, prevention, and reporting.

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    PEPs & Sanctions

    Iran Reliant on Malaysia to Finance Terrorist Proxies: US Official

    By Editors | 08/05/2024

    US officials express concern about the use of Southeast Asian service providers to route illicit sales of Iranian oil.

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    Anti-Money Laundering

    MAS Fines Swiss-Asia Financial Services for AML Breaches

    By Nithya Subramanian | 08/05/2024

    The CEO and COO were also reprimanded for failing to ensure compliance with the AML/CFT requirements.

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    Anti-Money Laundering

    Egmont Group Tackles NPO Abuse for Terrorist Financing

    By Manesh Samtani | 08/05/2024

    New Egmont Group report describes how NPOs are exploited for TF purposes and offers recommendations to address this risk.

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    Fraud, Scams & Cybercrime

    Thailand Targets Mule Accounts in Scam Crackdown

    By Mark Johnston | 07/05/2024

    Over 300,000 mule accounts have been closed since November. Further measures to address mule accounts in development.

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    Anti-Money Laundering

    Australia to Allocate A$166m Towards AML/CTF Reforms

    By Sanday Chongo Kabange | 07/05/2024

    The budget allocation will enable AUSTRAC to implement reforms to extend the AML/CFT regime to “Tranche 2” entities.

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