Anti-Money Laundering

Anti-Money Laundering

Australia: Law Society of NSW Unveils AML Guide for Small Law Firms

By Sanday Chongo Kabange | 20/04/2026

The guide aims to help smaller practices in New South Wales comply with Australia's incoming 'Tranche 2' AML reforms, effective 1 July 2026.

Anti-Money Laundering

FATF Ministers Agree New Priorities on Fraud, Virtual Assets

By Manesh Samtani | 20/04/2026

FATF outlined its strategic priorities, emphasising a risk-based approach and the rapid implementation of virtual asset standards.

Anti-Money Laundering

SEBI and FIU-IND Sign Pact to Fight Money Laundering

By Nithya Subramanian | 19/04/2026

The agreement establishes a formal framework for data sharing to strengthen the implementation of AML rules in the securities market.

CBDCs

BOK Nominee’s Confirmation Stalls, Overshadowing Policy Vision

By Sanday Chongo Kabange | 19/04/2026

Shin Hyun-song’s appointment is in doubt after his confirmation hearing was delayed, prompting concerns about a potential leadership vacuum at BOK.

PEPs & Sanctions

US Warns APAC Banks of Sanctions Risk Over Iran Transactions

By Manesh Samtani | 17/04/2026

US Treasury warns banks in China, Hong Kong and the UAE they risk secondary sanctions for handling illicit Iranian funds.

Anti-Money Laundering

AUSTRAC Puts Wealth Sector on Notice for ‘Unacceptable Blind Spot’

By Sanday Chongo Kabange | 17/04/2026

AUSTRAC has warned wealth managers over failures to report suspicious transactions, creating significant financial crime risks.

Anti-Money Laundering

Philippines Appoints New AMLC Chief Amid Major Corruption Probe

By Sanday Chongo Kabange | 16/04/2026

Ronel Buenaventura inherits a significant flood control corruption investigation and the challenge of keeping the country off the FATF greylist.

Anti-Money Laundering

EU Report Highlights Divergent AML Paths in Japan and Singapore

By Manesh Samtani | 16/04/2026

New European Parliament briefing contrasts the centralised, risk–based AML model in Singapore with Japan’s more compliance–oriented approach.

Anti-Bribery & Corruption

Hong Kong Jails Two Former HSBC Staff over Bribery-for-Accounts Scheme

By Sanday Chongo Kabange | 15/04/2026

The sentences highlight significant AML failures, with 70 accounts opened through the scheme later flagged for potential illicit activity.