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

    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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    Anti-Money Laundering

    EBA Publishes Travel Rule Guidelines for Crypto Sector

    By Editors | 05/07/2024

    The guidelines specify the information that should accompany crypto transfers, and what CASPs should do when information is missing.

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    Anti-Money Laundering

    Mexico’s Elisa de Anda Madrazo Assumes FATF Presidency

    By Manesh Samtani | 04/07/2024

    Elisa De Anda Madrazo will serve as FATF President from July 2024 to June 2026, taking over from T. Raja Kumar of Singapore.

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    Anti-Money Laundering

    FATF Plans to Update Guidance for Money Laundering NRAs

    By Editors | 04/07/2024

    The FATF aims to make NRA guidance “more effective, comprehensive and useful for all stakeholders involved”.

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    Anti-Money Laundering

    Singapore Raises Fines for Money Laundering Breaches by CSPs

    By Nithya Subramanian | 04/07/2024

    Existing laws have been amended to ensure that nominee directors are deemed “fit and proper” and misuse of directorships can result in significant penalties.

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    Anti-Money Laundering

    Singapore Introduces New Anti-Money Laundering Bill

    By Nithya Subramanian | 04/07/2024

    The new Anti-Money Laundering and Other Matters Bill aims to make it easier to prosecute money laundering cases and tightens casino rules.

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