Anti-Money Laundering

Anti-Money Laundering

Malaysia Considers Lawsuit Against Goldman Sachs Over 1MDB

By Editors | 25/08/2023

Prime minister Anwar Ibrahim said as much as 68% of the 1MDB losses have been recovered, but that his administration is considering ways to recover more from Goldman.

Market Abuse

US Court Jails Former OpenSea Exec for NFT Insider Trading

By Mark Johnston | 24/08/2023

Nate Chastain will spend three months in prison, followed by three months of home confinement, and three years of supervised release.

PEPs & Sanctions

US Sanctions Tornado Cash Co-founder, Arrests Another

By Manesh Samtani | 24/08/2023

Russian national Roman Semenov was added to OFAC’s sanctions list. Another co-founder, Roman Storm, was arrested on Wednesday.

Fraud, Scams & Cybercrime

How AI Can Combat Financial Crime

By Ranamita Chakraborty | 24/08/2023

Industry experts tell Regulation Asia how the financial sector’s battle against sophisticated financial crimes has led to a greater reliance on artificial intelligence (AI) to detect fraud and maintain customer trust.

PEPs & Sanctions

North Korea Stole $200m in Crypto in 2023: TRM Labs

By Mark Johnston | 23/08/2023

TRM Labs describes how North Korea has evolved its on-chain laundering methodologies to evade sanctions, law enforcement scrutiny, and tracing capabilities.

Anti-Money Laundering

Wolfsberg Group Responds to FATF Consultation on NPO Standards

By Sanday Chongo Kabange | 23/08/2023

It says NPOs should be required to conduct their own risk assessments and deploy risk-based controls similar to those used by correspondent banks.

Anti-Money Laundering

Korean City Set to Seize Crypto Assets from Tax Evaders

By Editors | 23/08/2023

The Cheongju City government has ordered seven crypto exchanges to submit a report on the crypto holdings of 8,250 people, who each owe over KRW 1 million in tax.

Fraud, Scams & Cybercrime

China, Thailand, Myanmar, Laos Launch Joint Police Operation

By Editors | 22/08/2023

Police from the four countries have launched a special joint operation to crack down on illegal gambling, fraud, human trafficking and other crimes.

Anti-Money Laundering

PBOC Forms New AML Office With Beijing Procuratorate

By Editors | 21/08/2023

The new office will help to establish a coordinated investigation system to combat money laundering and improve the efficiency of fighting financial crime.