Anti-Money Laundering

Anti-Money Laundering

Sri Lanka President Orders Action on AML Deficiencies to Avoid 'Grey List'

By Editors | 05/02/2026

President orders urgent action on legal and staffing shortfalls ahead of a critical FATF evaluation to avoid being placed back on the "grey list".

Structural Regulation

Taiwan Approves BNP Paribas, Chang Hwa for Kaohsiung Wealth Hub

By Editors | 05/02/2026

The approvals bring the total number of approved banks in the pilot zone to 20, a key initiative to build an Asian asset management hub.

Cryptocurrency

Coinbase Accuses Australian Banks of 'Systemic Debanking'

By Sanday Chongo Kabange | 04/02/2026

Coinbase has urged lawmakers to legislate transparency measures, arguing current bank practices threaten competition and innovation in the country.

Anti-Money Laundering

Taiwan Proposes New Anti-Fraud Reporting Mechanism for Banks

By Sanday Chongo Kabange | 04/02/2026

The proposals include a new reporting channel to prosecutors and expand the definition of suspicious accounts to combat financial crime.

Anti-Money Laundering

Hong Kong to Raise Licensing Fees for Money Service Operators

By Sanday Chongo Kabange | 04/02/2026

The government plans to increase licensing fees for money service operators by up to 15 percent, with implementation set for May 2026.

Fraud, Scams & Cybercrime

India Dismantles Cybercrime Rings Laundering Millions via Crypto, Real Estate

By Editors | 03/02/2026

Indian agencies, with FBI and Interpol support, have raided networks using call centres and crypto to defraud international victims.

Cryptocurrency

Philippines Bans Banks From Dealing with Unregistered Crypto Firms

By Sanday Chongo Kabange | 03/02/2026

New rules prohibit dealings with unlicensed virtual asset service providers and restrict retail customer access to offshore platforms.

Anti-Money Laundering

FSC Korea to Double Pool of Appointed AML Sanctions Committee Experts

By Mark Johnston | 03/02/2026

The FSC has proposed expanding its sanctions committee to handle a rising caseload and ensure diverse expertise in deliberations.

Anti-Money Laundering

Indonesia FIU Flags IDR 2 Quadrillion in Suspect Funds from 2025 STRs

By Editors | 02/02/2026

PPATK highlights significant flows from illegal mining and tax evasion, while noting a 20% drop in online gambling transactions.