Anti-Money Laundering

Anti-Money Laundering

New Zealand Court Confirms NZD 5.06m Penalty for Casino's AML Breaches

By Sanday Chongo Kabange | 23/10/2025

The penalty follows a regulatory investigation that found systemic, though not deliberate, compliance failures at Christchurch Casinos over a five-year period.

Anti-Money Laundering

Vietnam Uncovers Widespread Bank, Corporate Bond Violations

By Mark Johnston | 23/10/2025

A government probe into misuse of funds and disclosure failures at banks and property firms sparks market turmoil and policy reforms.

PEPs & Sanctions

Multinational Sanctions Watchdog Publishes Details on DPRK Crypto Thefts

By Manesh Samtani | 22/10/2025

A multinational report outlines how North Korea launders stolen crypto, naming specific facilitators and calling for tougher financial sector controls.

Anti-Money Laundering

UK Consolidates AML Supervision Under FCA in Major Overhaul

By Editors | 22/10/2025

The move creates a single public supervisor for legal and accountancy sectors, a model that could inform regulatory trends globally.

Anti-Money Laundering

Philippine Business Groups Call for Reforms to Bank Secrecy Laws

By Editors | 21/10/2025

A coalition of six major business groups urged lawmakers to grant the BSP's examination powers to fight corruption.

PEPs & Sanctions

Korean Banks in Cambodia Freeze Assets of Sanctioned Prince Group

By Manesh Samtani | 21/10/2025

Lenders acted on international sanctions against the Cambodian conglomerate, while South Korean authorities weigh their own formal measures due to diplomatic sensitivities.

Anti-Money Laundering

Australia Targets Financial Crime With New National Security Doctrine

By Nathan Lynch | 20/10/2025

Minister Tony Burke has unveiled a new security doctrine to combat ‘converged’ threats, including new measures to target crypto ATMs and money mules.

Structural Regulation

Australia Unveils Regulatory Roadmap with New Coordination Mandate

By Sanday Chongo Kabange | 20/10/2025

The Australian government has released a two-year financial reform plan, introducing new principles to improve the rollout of major regulations.

Fraud, Scams & Cybercrime

UK Proposes to Compensate Chinese Investment Fraud Victims

By Editors | 20/10/2025

Prosecutors are considering a scheme to repay 128,000 Chinese fraud victims, but the UK could still retain the funds under asset recovery laws.