Anti-Money Laundering

Anti-Money Laundering

Taiwan Indicts 10 in US$1Bn Money Laundering Case Involving Macau Casinos

By Sanday Chongo Kabange | 26/03/2026

Prosecutors have charged a gambling syndicate that used credit card overpayments and casino chip purchases to move illicit funds offshore.

Anti-Money Laundering

SEBI Proposes Framework for Gifting Mutual Fund Investments

By Nithya Subramanian | 25/03/2026

The regulator aims to boost financial inclusion with a proposal allowing investments via prepaid instruments, subject to strict AML checks.

PEPs & Sanctions

Australia's Open-Source CDD Could Be Model for Asia-Pacific

By Nathan Lynch | 25/03/2026

AUSTRAC’s starter kits legitimise open-source CDD for small reporting entities, marking a possible solution for developing countries across the Asia-Pacific region.

Fraud, Scams & Cybercrime

US Faces Scrutiny Over Handling of Prince Group Crypto Seizure

By Manesh Samtani | 24/03/2026

Victim advocates raise concerns over the restitution process as the US DOJ rejects claims and the legitimacy of the case is challenged.

PEPs & Sanctions

Australia Issues New Sanctions Guidance for Gatekeeper Professionals

By Sanday Chongo Kabange | 24/03/2026

New guidance outlines due diligence and reporting obligations for ‘gatekeeper’ professions, with strict liability offences effective from July 2026.

Fraud, Scams & Cybercrime

Japan Court Rules on Director Liability in Suruga Bank Fraud Case

By Manesh Samtani | 24/03/2026

Court ordered former directors to pay JPY 4.76 billion in damages, while a separate mediation with victims of a loan scandal concludes without full resolution.

Emerging Prudential Risks

China Unveils Draft Foundational Law to Overhaul Financial Regulation

By Mark Johnston | 23/03/2026

The comprehensive draft law aims to unify supervision, establish clear risk resolution mechanisms, and increase penalties for financial misconduct.

Fraud, Scams & Cybercrime

Vietnam Charges 83 in Major Online Trading Fraud; Payment Firm's Chair Implicated

By Sanday Chongo Kabange | 23/03/2026

Hanoi police have dismantled a fraudulent trading ring that defrauded investors of over VND 1.2 trillion, charging the chairman of a licensed e-wallet company.

Anti-Money Laundering

Philippines Proposes AML Revision Bill Targeting Digital Assets, Online Gaming

By Sanday Chongo Kabange | 23/03/2026

New bill seeks to significantly strengthen the Philippines' AML framework, expanding its scope to VASPs and online gambling, and granting powerful new tools to the FIU.