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

    OFAC Imposes New Sanctions Targeting Illicit Houthi Shipments

    By Editors | 10/06/2024

    The targets include four entities, including Hong Kong-, India- and Panama-based shipping companies and some of their vessels.

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    Anti-Money Laundering

    TD Bank Facing $4bn in Fines for AML Violations – Report

    By Editors | 10/06/2024

    The amount is double previous estimates, prompted by the emergence of new bribery allegations against the bank.

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    Anti-Money Laundering

    Singapore Sentences 9th Individual in Money Laundering Case

    By Manesh Samtani | 10/06/2024

    Wang Dehai was sentenced to 16 months in prison; 17 other suspects at large overseas; Deposits involved in the case were held at 16 banks.

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    Anti-Money Laundering

    Australia Court Orders SkyCity to Pay A$67m AML Penalty

    By Sanday Chongo Kabange | 07/06/2024

    SkyCity’s failures “over many years allowed high-risk customers to move millions of dollars through the casino”.

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    Anti-Money Laundering

    Vietnam Death Row Tycoon Faces Money Laundering Charges

    By Nithya Subramanian | 07/06/2024

    Vietnamese police have concluded the second phase of their investigation into Truong My Lan, who was sentenced to death in April.

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    Anti-Money Laundering

    Myanmar Cracks Down on Cross-border Remittances

    By Editors | 06/06/2024

    “Hundi” cash transfer services and overseas property deals are being blamed for a severe depreciation of Myanmar’s currency.

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    Anti-Money Laundering

    17 Others Involved in Singapore Money Laundering Probe – Report

    By Nithya Subramanian | 06/06/2024

    The SGD 3 billion in cash and assets seized or issued with prohibition of disposal orders belonged to 27 individuals, not just the 10 accused so far.

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    Anti-Money Laundering

    US Authorities Arrest Epoch Times CFO for Money Laundering

    By Editors | 06/06/2024

    The DOJ alleges Weidong Guian participated in a “sprawling, transnational scheme” to launder $67mn million of crime proceeds.

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    Fraud, Scams & Cybercrime

    Fraud Constitutes 37pc of All Financial Crimes – Report

    By Mark Johnston | 05/06/2024

    Fraud accounted for 37% of financial crime records reviewed by LSEG Risk Intelligence for its inaugural fraud analysis.

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    Anti-Money Laundering

    AUSTRAC Issues New Guidance on Money Mule Detection

    By Sanday Chongo Kabange | 04/06/2024

    The new financial crime guide was developed in response to an increasing trend for foreign students to be used as money mules.

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