Anti-Money Laundering

Anti-Money Laundering

Thailand SEC Proposes to Classify Funders as Major Shareholders

By Mark Johnston | 11/04/2026

The proposal would extend regulatory approval requirements to the financial backers of major shareholders in securities and digital asset firms.

Stablecoins

HKMA Grants First Stablecoin Licences to HSBC, StanChart-led JV

By Sanday Chongo Kabange | 10/04/2026

The HKMA has issued its first two stablecoin licences under a new ordinance, setting a high bar for future applicants.

Anti-Money Laundering

China Launches New Crackdown on Illicit Financial Intermediaries

By Mark Johnston | 10/04/2026

The campaign targets illegal deposit, loan, and insurance intermediaries, as well as unauthorised online lending and anti-collections services.

KYC & CDD

Thailand SEC Unveils Sweeping Measures to Curb Illicit Funds

By Sanday Chongo Kabange | 10/04/2026

The SEC is enhancing KYC, digital asset oversight, and shareholder scrutiny in a national agenda to combat mule accounts and investment scams.

Fraud, Scams & Cybercrime

ACCC Warns Australian Banks on Mortgage Due Diligence

By Sanday Chongo Kabange | 09/04/2026

The competition regulator is urging lenders to improve loan checks using open banking, as the industry lobbies for access to tax data to combat fraud.

Anti-Money Laundering

US Proposes New AML and Sanctions Rules for Stablecoin Issuers

By Manesh Samtani | 09/04/2026

The US Treasury has issued a proposed rule that would bring certain stablecoin issuers under a federal regulatory framework.

Fraud, Scams & Cybercrime

DeFi Platform Drift’s $285m Hack Traced to DPRK-Linked Attack

By Nithya Subramanian | 09/04/2026

The attack, attributed to North Korea, combined a months-long intelligence operation with a sophisticated technical exploit, sparking debate over the role of stablecoin issuers in preventing theft.

Anti-Money Laundering

US Regulators Propose Major Overhaul of AML/CFT Framework

By Manesh Samtani | 09/04/2026

The joint proposal aims to create a more effective, risk-based framework, allowing firms to focus resources on major threats rather than 'check-the-box' compliance.

Anti-Money Laundering

Japan Toughens AML Rules to Combat Mule Accounts and 'Dark' Part-Time Jobs

By Sanday Chongo Kabange | 06/04/2026

Proposed legal amendments will increase penalties for illicit bank account trading and introduce new police powers to combat rising fraud and money laundering.