Anti-Money Laundering

PEPs & Sanctions

OFAC Sanctions Target Drug Trafficking, Crypto Abuse – Chainalysis

By Jill Wong | 10/10/2023

OFAC sanctions against several Chinese entities are an important step in preventing crypto abuse by criminal syndicates, Chainalysis says.

Anti-Money Laundering

US Court Orders Return of Ex-Goldman Banker Roger Ng to Malaysia

By Manesh Samtani | 07/10/2023

Roger Ng already has to serve ten years in a US prison, but he will first be transported back to Malaysia to face other 1MDB-related charges and help in the 1MDB probe.

Anti-Money Laundering

Pakistan Set to Establish Autonomous AML Authority – Report

By Sanday Chongo Kabange | 06/10/2023

The authority will be tasked with tracking and monitoring money laundering and terrorist financing, while also serving as a policymaking body.

Anti-Money Laundering

Singapore Property Agents Found Guilty of Breaching AML Rules – Report

By Editors | 06/10/2023

The agents failed to comply with regulations relating to obtaining, documenting and verifying the accuracy of the identifying information of the buyers.

Payments & Settlements

APAC Central Banks Explore Common Protocol for Regulatory Policy

By Manesh Samtani | 05/10/2023

Project Mandala will be run by BIS Innovation Hub Singapore Centre, along with the RBA, BOK, BNM and MAS, with collaboration from FIs.

Fraud, Scams & Cybercrime

BNM Working to Streamline Industry Response to Scams

By Manesh Samtani | 05/10/2023

BNM governor Datuk Abdul Rasheed Ghaffour discussed efforts underway in Malaysia to tackle the challenges of scams.

Anti-Money Laundering

Australia’s AML/CTF Overhaul: What it Means for Real Estate Agents

By Jeremy Moller | 05/10/2023

Jeremy Moller outlines considerations for real estate agents, property managers and other organisations potentially subject to the proposed ‘Tranche 2’ reforms.

Anti-Money Laundering

UK FCA Fines Commodities Broker for AML Failings

By Mark Johnston | 05/10/2023

ADM Investor Services International did not conduct a firm-wide money laundering risk assessment, and its policies and procedures referred to old legislation.

PEPs & Sanctions

OFAC Sanctions China-based Network for Fentanyl Production, Trafficking

By Editors | 04/10/2023

The DOJ unsealed indictments charging Chinese companies and their employees for illicit drug production, distribution, and sales of precursor chemicals.