Anti-Money Laundering

Anti-Money Laundering

FATF Urges Shift in Focus from Procedural Compliance to Tangible Outcomes

By Manesh Samtani | 03/03/2026

FATF urges a pivot from rules-based compliance to focusing resources on the highest financial crime risks.

Anti-Money Laundering

Tonga Boosts AML Powers to Combat Crime, Secure Banking Ties

By Manesh Samtani | 03/03/2026

New legislation enhances supervision and asset recovery to combat organised crime and secure crucial international correspondent banking relationships, officials say.

Anti-Money Laundering

India's ED Attaches Billionaire Anil Ambani's Home in Fraud Probe

By Editors | 02/03/2026

The action is part of a widening investigation into alleged bank loan defaults at Reliance Communications totalling over INR 400 billion.

Fraud, Scams & Cybercrime

US Seizes $580m in Crypto from Southeast Asian Scam Networks

By Mark Johnston | 02/03/2026

A US task force has seized millions in cryptocurrency from transnational crime syndicates orchestrating investment frauds across Southeast Asia.

Fraud, Scams & Cybercrime

Commonwealth Bank Investigates Suspected Loan Fraud, Cites AI Use

By Sanday Chongo Kabange | 02/03/2026

CBA has filed reports to police and regulators over fears that doctored applications, some using AI, were used to obtain loans.

Anti-Money Laundering

Japan FSA Admits Hitachi-Led Crypto AML Project into Sandbox

By Sanday Chongo Kabange | 02/03/2026

A consortium of financial and tech firms will test a collaborative information-sharing framework to combat money laundering involving crypto-assets.

Payments & Settlements

Australia Making ‘Gradual Progress’ on G20 Payment Goals, RBA Says

By Sanday Chongo Kabange | 01/03/2026

New report details mixed results on cost and speed targets, highlighting upcoming regulatory changes for AML/CTF and payment service providers.

Fraud, Scams & Cybercrime

Korea Reports Voice Phishing Decline, Pivots to Fight New Digital Scams

By Nithya Subramanian | 27/02/2026

For four consecutive months, financial losses have dropped, but authorities are now targeting fraud on social media and messaging apps.

Supervision & Enforcement

BNM Fines KAF Investment Bank Over Foreign Exchange Breach

By Nithya Subramanian | 27/02/2026

KAF IB failed to obtain approvals for foreign currency transactions exceeding regulatory limits, highlighting the importance of compliance with foreign exchange rules.