Anti-Money Laundering

Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

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.

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.

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.

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.

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.

Fraud, Scams & Cybercrime

Malaysia’s 1MDB Files Suit Against Top PetroSaudi Official

By Nithya Subramanian | 24/05/2024

The lawsuit seeks the return of $1.83bn, claiming 1MDB was misled into thinking King Abdullah owned a joint venture it invested in.

Anti-Money Laundering

Singapore Secures Seventh Conviction in Money Laundering Case

By Nithya Subramanian | 24/05/2024

Cambodian national Chen Qingyuan, who is wanted in China, has been sentenced to a 15-month jail term and will forfeit S$21mn.

Fraud, Scams & Cybercrime

“Ecosystem Approach” Vital to Combat Digital Fraud: HKMA

By Nithya Subramanian | 23/05/2024

Coordinated global efforts and information sharing initiatives are becoming more commonplace to combat fraud, but there is still work to do, said HKMA’s Carmen Chu.

Anti-Money Laundering

NZ DIA, SkyCity Reach Settlement Over AML Breaches

By Sanday Chongo Kabange | 22/05/2024

A penalty of NZD 4.16 million was proposed to the court to settle SkyCity’s liability over the AML breaches.

Anti-Money Laundering

NZ Regulators Endorse New AML/CFT Supervisory Approach

By Sanday Chongo Kabange | 22/05/2024

The DIA, FMA and RBNZ say changes to the AML/CFT requirements will ensure New Zealand is meeting global AML/CFT standards.

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