Anti-Money Laundering

Anti-Money Laundering

Taiwan FSC Targets AML, Property Speculation in Latest Industry Review

By Sanday Chongo Kabange | 23/03/2026

The FSC H2 2025 examination report details common failings in AML, consumer protection, and cybersecurity across 12 financial sectors.

Anti-Bribery & Corruption

China Sentences ex-President of Bank of Guizhou for Taking $24m in Bribes

By Mark Johnston | 22/03/2026

A Chinese court has handed a suspended death sentence to a former bank president for nearly two decades of bribery, embezzlement and money laundering.

Anti-Money Laundering

Bank of Thailand Mandates Stricter Checks on Large Cash Withdrawals

By Nithya Subramanian | 22/03/2026

Financial institutions will be required to conduct enhanced due diligence on cash withdrawals of THB 5 million or more from April 2026.

Anti-Bribery & Corruption

Ex-HSBC Staff Admit to Bribery for Account Opening Scheme

By Sanday Chongo Kabange | 20/03/2026

Three former employees pleaded guilty in an ICAC case involving bribes to open accounts, with dozens of accounts flagged for money laundering risk.

Anti-Money Laundering

New Zealand Clarifies Legal Privilege Rules for AML Reporting

By Sanday Chongo Kabange | 20/03/2026

New guidance outlines when legal professional privilege does not apply to suspicious activity reporting, creating new record-keeping duties for law firms.

Clearing & Post-Trade

MAS Proposes Expanded Regulatory Regime for CSDs

By Nithya Subramanian | 20/03/2026

The regulator has proposed extending oversight to all CSDs, with new approval, governance and risk requirements under updated securities framework.

Fraud, Scams & Cybercrime

Vietnam’s SCB Outlines Asset Disposal Plan to Recover Fraud Losses

By Nithya Subramanian | 20/03/2026

Saigon Commercial Bank is seeking third-party firms to manage the sale of assets linked to a $12.3 billion fraud involving property developer Sun Group.

Anti-Money Laundering

Papua New Guinea Banks Launch New Association to Strengthen Financial Sector

By Nithya Subramanian | 20/03/2026

The newly-formed PNG Banking Association aims to strengthen cooperation across the sector, support regulatory reforms and address FATF requirements.

Cryptocurrency

Vietnam to Ban Offshore Crypto Trading Under New Licensing Regime

By Nithya Subramanian | 19/03/2026

Five entities have passed an initial licence qualification stage. A limited number of exchanges will be allowed to operate during the trial period.