Anti-Money Laundering

    Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

    Anti-Money Laundering

    Korea Revamps AML Evaluation to Reward Proactive Risk Management

    By Sanday Chongo Kabange | 05/03/2026

    The updated framework will introduce qualitative assessments and risk-based penalties to encourage voluntary improvements by financial institutions.

    Anti-Money Laundering

    AUSTRAC Warns of 'Integrated' APAC Crime System, Calls for Regulatory Rethink

    By Sanday Chongo Kabange | 05/03/2026

    AUSTRAC says old rules are misaligned with new, industrial-scale, cross-border criminal ecosystems operating at unprecedented speed.

    Anti-Money Laundering

    Three Singaporeans Arrested in S$500m Prince Group Probe

    By Nithya Subramanian | 04/03/2026

    An arrest warrant has been issued for a fourth suspect as the total value of assets seized in the transnational scam syndicate investigation now exceeds S$500 million.

    Anti-Money Laundering

    Philippines Doubles EDD Threshold for Cash Withdrawals to PHP 1 Million

    By Sanday Chongo Kabange | 04/03/2026

    The move aims to ease the burden on legitimate business transactions while allowing FIs to focus AML resources on higher-risk activities.

    Anti-Money Laundering

    AUSTRAC Chief Details New AML Rules for Legal Profession

    By Sanday Chongo Kabange | 04/03/2026

    Brendan Thomas outlines mandatory enrolment, CDD, and reporting obligations as AUSTRAC moves to close a 'significant hole' in the country's AML defences.

    Anti-Money Laundering

    BIS Paper Urges Consistent AML Rules for Cash, Crypto and CBDCs

    By Manesh Samtani | 04/03/2026

    New BIS paper warns that inconsistent AML rules create arbitrage, pushing illicit funds to the least regulated payment methods.

    Anti-Money Laundering

    FSS Korea Sanctions KB Life Insurance for AML Control Failures

    By Nithya Subramanian | 04/03/2026

    The regulator cited failures in monitoring high-risk customers and enforcing internal controls, underscoring tighter scrutiny of AML compliance in Korea’s insurance sector.

    Anti-Money Laundering

    FATF Issues Targeted Report on Stablecoin and Unhosted Wallet Risks

    By Manesh Samtani | 04/03/2026

    New report details rising misuse and recommends new controls for issuers, VASPs, and national regulators.

    Anti-Money Laundering

    Korea, Thailand to Share Crypto Data and Collaborate Against Tax Evasion

    By Mark Johnston | 04/03/2026

    Tax authorities in South Korea and Thailand have signed an agreement to exchange cryptocurrency data and tackle offshore evasion.

    Anti-Money Laundering

    Cambodia Launches New National Risk Assessment Report

    By Manesh Samtani | 03/03/2026

    The country's second AML assessment flags crypto as 'Medium High' risk and details plans for a formal licensing regime.

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