Anti-Money Laundering

Anti-Money Laundering

Philippine Lawmaker Files Bill to Grant AMLC Wider Powers

By Sanday Chongo Kabange | 28/11/2025

A new Senate bill aims to expand the financial intelligence unit's powers and scope to combat complex financial crime and avoid potential FATF greylisting.

Anti-Money Laundering

India’s Enforcement Directorate Arrests Company Founders in Gaming Crackdown

By Nithya Subramanian | 28/11/2025

The authorities allege illegal gaming operations, algorithmic rigging and laundering of funds through offshore entities as part of a probe into gaming platforms.

Anti-Money Laundering

Hong Kong SFC Issues AML Warning as JFIU Prepares New STR Platform

By Sanday Chongo Kabange | 28/11/2025

The SFC has detailed expected controls to combat layering via brokerages and virtual assets, as HKPF prepare to launch a new system for reporting suspicious transactions.

Tokenisation

BIS Warns of Rising Risks as Tokenised Money Market Funds Surge

By Nithya Subramanian | 28/11/2025

The BIS says fast-growing tokenised money market funds, now central to DeFi, mirror and may amplify liquidity and compliance risks seen in stablecoins and traditional MMFs.

Anti-Money Laundering

EY Launches Risk Lab to Help FIs Tackle Surging Compliance Demands

By Manesh Samtani | 28/11/2025

The new lab will co-create technology solutions with clients, focusing on non-financial risks like financial crime amid tightening regional regulations.

PEPs & Sanctions

Hong Kong Licensed Lender Linked To Sanctioned Prince Group – Report

By Sanday Chongo Kabange | 27/11/2025

An associate of sanctioned Prince Group's Chen Zhi is tied to a licensed money lender that holds a mortgage over shares in a Hong Kong-listed firm.

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.