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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.
Anti-Money Laundering
Fugitive Former Banker from Bangladesh Arrested in India
By Editors | 22/05/2022
PK Halder has been on the run since 2019 after allegedly defrauding multiple NBFIs in Bangladesh of more than $280,000.
PEPs & Sanctions
US Warns Against Inadvertent Hiring of DPRK IT Workers
By Editors | 19/05/2022
North Korean IT workers may try to obtain employment building crypto exchange platforms and then use the infrastructure to launder money and evade sanctions.
Anti-Money Laundering
HK ICAC Charges Ex-Sunway Employee for Money Laundering
By Editors | 19/05/2022
A former personal assistant helped his boss to launder HKD 125 million borrowed from listed company Sunway International Holdings.
Anti-Money Laundering
US Treasury Outlines Plans to Combat Illicit Finance
By Editors | 17/05/2022
Treasury highlighted efforts to address illicit finance risks associated with shell companies, all-cash real estate purchases, and virtual assets.
Anti-Money Laundering
NSW Ministers Working on New AML Laws – Report
By Editors | 17/05/2022
The NSW attorney general and police minister are working on new laws to tackle unexplained wealth and organised crime.
Anti-Money Laundering
HK Police Arrest 17 for Using Virtual Banks to Launder Money
By Editors | 16/05/2022
The syndicate members processed the funds through more than 20 online bank accounts since 2021, police said.
Fraud, Scams & Cybercrime
UK Unveils Legislative Agenda for Financial Services, Markets
By Manesh Samtani | 12/05/2022
The agenda includes support for safe crypto adoption, stronger powers to tackle illicit finance, and better fraud protections for consumers.
KYC & CDD
Wolfsberg Group Offers Guidance on Adverse Media Screening
By Editors | 12/05/2022
New FAQs highlight the need for FIs to understand how vendors evaluate data source reliability and the controls they have in place address unreliable sources.
Anti-Money Laundering
Indian AML Investigators Threatened, Coerced Xiaomi Execs – Reports
By Editors | 11/05/2022
In a court filing, Xiaomi India alleges that Enforcement Directorate officials threatened two of its executives and their families with physical violence during questioning.
Payments & Settlements
Bangladesh Bank Opens RTGS to NBFI Participation
By Editors | 11/05/2022
Bangladesh Bank has also recently removed pre-set limits on online money transfers between customers’ bank accounts.
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