Anti-Money Laundering

Anti-Money Laundering

India Plans Unified Framework to Strengthen Crackdown on Terror Financing

By Nithya Subramanian | 05/11/2025

The government is preparing an SOP to help law enforcement and financial agencies jointly track, trace, and dismantle hidden terror-funding networks exploiting gaps in existing systems.

Anti-Money Laundering

Malaysian Association Seeks Transparency in Bank Account Closures

By Nithya Subramanian | 05/11/2025

The ACCM has asked BNM to introduce transparent procedures and an independent appeal process for sudden bank account closures, as legitimate businesses are being unfairly affected.

Anti-Money Laundering

FATF Issues New Guidance to Improve Asset Recovery Outcomes

By Manesh Samtani | 04/11/2025

The FATF calls for new tools like non-conviction-based confiscation to tackle the massive failure in seizing criminal proceeds.

Emerging Prudential Risks

China Proposes Unified Rules for Corporate Overseas Lending

By Editors | 04/11/2025

Draft measures introduce an integrated macroprudential framework for both local and foreign currency loans, aiming to streamline cross-border fund management.

Fraud, Scams & Cybercrime

Hong Kong Bolsters Anti-Fraud Tech to Combat Online Investment Scams

By Sanday Chongo Kabange | 03/11/2025

Regulators and police are deploying new data sharing rules, an AI-powered app, and telecom blocks to combat surging online financial fraud.

PEPs & Sanctions

US Sanctions Human Smuggling Network Led by Indian-Mexican National

By Nithya Subramanian | 03/11/2025

OFAC sanctioned Bhardwaj Human Smuggling Organization, its leader, and 16 related companies for trafficking migrants and laundering illicit profits across multiple countries.

Anti-Money Laundering

Singapore Seizes S$150m Linked to Cambodian Tycoon in Fraud Probe

By Nithya Subramanian | 03/11/2025

Singapore police have seized assets tied to Chen Zhi, following a global investigation into a vast money laundering and fraud network connected to forced-labour scam operations in Cambodia.

Anti-Money Laundering

Thailand Eyes New Digital Asset, Banking Rules Amid Scam Infiltration Probe

By Mark Johnston | 03/11/2025

Regulators confirm listed firms under scrutiny as AMLO seizes THB 350 million in assets linked to cross-border networks.

Anti-Money Laundering

New Zealand DIA Halts Trust Firm Over 'Serious' AML Failures

By Sanday Chongo Kabange | 03/11/2025

An Auckland trust firm has agreed to cease operations after the regulator found it failed to maintain an AML programme or report suspicious activity.