Anti-Money Laundering

Anti-Money Laundering

Singapore Court Allows $2.7bn 1MDB Suit Against StanChart to Proceed

By Nithya Subramanian | 27/11/2025

Liquidators can move forward with a major claim accusing Standard Chartered of enabling illicit transfers tied to the 1MDB scandal.

Cryptocurrency

Japan to Mandate Crypto Exchange Reserves to Cover Hack Losses

By Manesh Samtani | 27/11/2025

The FSA plans 2026 legislation to ensure customer compensation following a series of high-profile security breaches in the sector.

Anti-Money Laundering

Korea Tightens AML Requirements to Combat Transnational Crime

By Mark Johnston | 26/11/2025

FIs are directed to strengthen oversight over offshore units, and KoFIU is introducing a mass suspicious transaction reporting mechanism.

Anti-Money Laundering

Singapore Widens Probe into Prince Group, Raids Car Leasing Firm

By Nithya Subramanian | 26/11/2025

Authorities have expanded a money-laundering investigation linked to Cambodian tycoon Chen Zhi, targeting a local car-leasing firm in new raids and arrests.

Anti-Money Laundering

Cook Islands Crypto Bill Faces Backlash Over Asset Seizure Powers

By Sanday Chongo Kabange | 26/11/2025

Proposed legislation is under fire for potential overreach by granting authorities the power to seize assets without a criminal conviction.

Anti-Money Laundering

Thailand Cracks Down on Illicit Finance, Nominee Shareholders

By Sanday Chongo Kabange | 26/11/2025

Thailand will impose new reporting, KYC, and in-person verification rules to combat grey capital flows and the use of nominee shareholders and money mules by criminal enterprises.

Anti-Money Laundering

UK Details How Laundering Network Bought Kyrgyz Bank to Evade Sanctions

By Manesh Samtani | 25/11/2025

NCA revealed a billion-dollar scheme that used cash-to-crypto swaps and the purchase of Kyrgyzstan-based Keremet Bank to launder criminal funds.

PEPs & Sanctions

US Indicts Four Over Illicit Chip Shipments to China via Southeast Asia

By Mark Johnston | 25/11/2025

Alleged conspiracy involving USD 3.89 million in wire transfers and shell companies highlights sanctions evasion risks in cross-border trade.

Anti-Money Laundering

Thailand Political Elites Shield Scam Gangs, Says Anti-Corruption Chief

By Nithya Subramanian | 25/11/2025

Influential elites and officials are taking bribes to protect cyber-scam networks, undermining the government’s efforts to dismantle criminal operations, says the head of the ACT.