Anti-Money Laundering

PEPs & Sanctions

Singapore Navigates Sanctions Risks as Russian Fuel Oil Flows Surge

By Manesh Samtani | 29/05/2026

Singapore clarifies its legal stance as trade booms, while FIs face compliance risks from opaque shipping and sanctioned entities.

KYC & CDD

Hong Kong Banks Tighten Rules on Mainland Client Accounts

By Sanday Chongo Kabange | 29/05/2026

Lenders are requiring new declarations on fund origins and raising account opening thresholds following new directives from local regulators.

Anti-Money Laundering

US DOJ Seizes New York Apartment in 1MDB Asset Recovery

By Editors | 29/05/2026

The DOJ has secured the forfeiture of a luxury property and rental income worth over USD 6 million, allegedly purchased with funds misappropriated from Malaysia's 1MDB.

Credit Risk

China's Huaxia Bank Under Scrutiny for Widespread Loan Control Failures

By Mark Johnston | 29/05/2026

A regulatory probe into property-linked loans and a lawsuit over a multi-million yuan fraud have exposed significant internal control deficiencies at the Chinese lender.

Supervision & Enforcement

India Approves Major Expansion for Financial Crime Agency

By Editors | 28/05/2026

The ED will see its workforce grow by over 60 percent to tackle a rising caseload of money laundering and financial crime.

Anti-Money Laundering

FDIC Proposes New AML, Sanctions Rules for Stablecoin Issuers

By Manesh Samtani | 28/05/2026

The proposal would require the US banking regulator to consult with the Treasury's financial crime unit before taking enforcement actions.

Anti-Money Laundering

Australian Court Penalises Firms for Ignoring AUSTRAC AML Notices

By Editors | 28/05/2026

Two businesses have been ordered to pay significant penalties after failing to pay infringement notices related to AML/CTF reporting failures.

Cryptocurrency

Korea to Mandate Reporting for Cross-Border Crypto Transactions

By Sanday Chongo Kabange | 28/05/2026

New amendments to the Foreign Exchange Transactions Act will require virtual asset service providers to register and report all cross-border transfers to the central bank.

Cryptocurrency

Binance to Re-Enter Philippines via SEC Sandbox Partnership

By Editors | 27/05/2026

Binance is partnering with local fintech BlockShoals Technologies to operate within a regulatory sandbox, years after being blocked by authorities.