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

    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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    Anti-Money Laundering

    UPDATED: MONEYVAL Publishes Six AML/CFT Progress Reports

    By Editors | 07/05/2024

    Cyprus, Lithuania and Poland were each upgraded on one recommendation.  Croatia was upgraded on seven recommendations.

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    Anti-Money Laundering

    US Prosecutors Secure Guilty Plea from Ex BTC-e Operator

    By Editors | 06/05/2024

    Alexander Vinnik was facing up to 55 years in prison, but due to a plea bargain he is expected to receive a prison term of less than ten years.

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    Anti-Money Laundering

    BSP Mandates 24-Hour Reporting for Significant Risk Events

    By Mark Johnston | 06/05/2024

    New BSP rules require bank and non-bank FIs to report significant ML/TF/PF risk events within 24 hours.

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    PEPs & Sanctions

    US Officials in Malaysia, Singapore This Week to Discuss Sanctions

    By Editors | 06/05/2024

    Treasury’s Brian Nelson and Neil MacBride will meet with the Malaysian and Singapore financial sectors to discuss compliance and enforcement efforts.

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    Anti-Money Laundering

    EBA’s New AML Database Set to Start Receiving Personal Data

    By Editors | 05/05/2024

    EuReCA was launched by the EBA in January 2022, but has so far not yet been able to collect personal data from EU supervisors.

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    Stablecoins

    Tether to Start Monitoring Secondary Market for USDT

    By Editors | 04/05/2024

    Through a partnership with Chainalysis, Tether will provide sanctions monitoring, an illicit transfers detection tool, and analysis on major USDT holders.

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    Anti-Money Laundering

    Singapore: Two More Sentenced in Money Laundering Case

    By Nithya Subramanian | 03/05/2024

    Cambodian Su Baolin and Chinese national Zhang Ruijin were sentenced to jail and required to forfeit a combined S$183mn in assets.

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    Anti-Money Laundering

    Canada’s FINTRAC Imposes AML Penalty on TD Bank

    By Mark Johnston | 03/05/2024

    The $6.7mn fine is the largest-ever levied by FINTRAC. TD Bank has separately provisioned $450mn for potential US penalties.

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