Anti-Money Laundering

Anti-Money Laundering

Singapore Jails Ex-Julius Baer Banker in $3b Money Laundering Case

By Nithya Subramanian | 27/10/2025

Liu Ka has become the second relationship manager to be jailed over Singapore’s largest money-laundering case.

Anti-Money Laundering

FATF Adopts First Mutual Evaluation Reports Under New Methodology

By Manesh Samtani | 27/10/2025

The FATF also removed four countries from the 'grey list' and adopted new guidance on asset recovery and emerging risks from AI and deepfakes.

Fraud, Scams & Cybercrime

Belgian Court Clears Extradition of Mehul Choksi to India

By Nithya Subramanian | 26/10/2025

An appellate court approved India’s request to extradite Mehul Choksi, who is wanted in connection with $1.54 billion fraud at Punjab National Bank.

Anti-Money Laundering

Singapore Court Jails Ex-Citibank Banker in $3b Money Laundering Case

By Nithya Subramanian | 24/10/2025

Wang Qiming has been jailed for forging documents and aiding illicit fund movements linked to Singapore’s largest money-laundering case.

Fraud, Scams & Cybercrime

Thailand Freezes Cambodian Assets, Minister Resigns Amid Scam Probe

By Nithya Subramanian | 24/10/2025

Thailand’s AMLO has frozen over THB 70 million in assets, while the deputy finance minister has resigned following allegations of receiving illicit crypto payments.

Anti-Money Laundering

AUSTRAC, Pacific FIUs Deepen AML Push on Crypto, Child Exploitation

By Sanday Chongo Kabange | 24/10/2025

A new intelligence guide and shared technology aim to help financial institutions detect emerging regional financial crime threats.

Anti-Money Laundering

BNM Mandates Written Notices for AML-Linked Account Closures

By Nithya Subramanian | 24/10/2025

Banks must issue written notices detailing reasons and appeal rights for accounts flagged under AML and scam suspicions.

Anti-Money Laundering

Compliance Expertise is Invaluable in the ‘Age of AI’

By Nathan Lynch | 24/10/2025

Rather than replacing human talent, the AI arms race is making skilled and experienced compliance professionals more valuable than ever, writes Nathan Lynch.

Fraud, Scams & Cybercrime

South Korea to Target Prince Group in Widening Fraud Probe

By Mark Johnston | 23/10/2025

The FSC considers restricting Prince Group amid a cross-border fraud probe, as the government pursues asset recovery and police cooperation.