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Anti-Money Laundering
Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
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.
Anti-Bribery & Corruption
Taiwan Sentences Corrupt Official to 8 Years in Prison
By Editors | 18/08/2023
The official committed property fraud, document forgery, money laundering, and accepted bribes in the form of cash, banquets and sexual entertainment.
Anti-Money Laundering
FCA Sets Out Expectations on Crypto Travel Rule Compliance
By Manesh Samtani | 18/08/2023
UK firms that receive a crypto transfer with incomplete information may block the beneficiary from accessing the crypto.
Anti-Money Laundering
NZ DIA Warns Money Remitters on Using Third-Party Accounts
By Sanday Chongo Kabange | 17/08/2023
Money remitters are using third-party bank accounts to deliver their money remittance services without advising the bank of this purpose.
Anti-Money Laundering
Singapore Police Arrests 10 Foreigners for Forgery, Money Laundering
By Manesh Samtani | 16/08/2023
The suspects were involved in laundering proceeds from organised crime activities. MAS is scrutinising FIs where tainted funds were found.
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