Anti-Money Laundering

Anti-Money Laundering

New US Order Targets Immigration Status in Banking, AML Rules

By Manesh Samtani | 26/05/2026

Executive order directs US regulators to strengthen AML and credit risk rules, requiring FIs to consider customers' immigration status.

KYC & CDD

MAS Moves to Speed Up Private Bank Onboarding Processes

By Nithya Subramanian | 26/05/2026

New guidance on source of wealth checks aims to cut client onboarding times while maintaining robust anti-money laundering controls.

Anti-Money Laundering

South Korea Consults Crypto Industry on AML Rule Revisions

By Manesh Samtani | 25/05/2026

Regulators met with major exchanges to discuss proposed changes to the country's AML rules, including reporting thresholds.

Anti-Money Laundering

Australia and Indonesia Join Forces to Disrupt Cross-Border Child Exploitation

By Sanday Chongo Kabange | 25/05/2026

FIUs from Australia and Indonesia have completed a week of action in Jakarta to uncover and disrupt financial flows linked to child sexual exploitation.

Fraud, Scams & Cybercrime

Singapore Police Crackdown Seizes $161m in Global Anti-Scam Push

By Nithya Subramanian | 25/05/2026

An operation involving 10 jurisdictions has resulted in over 3,000 arrests and highlights growing cross-border law enforcement collaboration against financial crime.

Anti-Money Laundering

US Charges Chinese Nationals for Laundering Funds for Cartels

By Editors | 25/05/2026

Unsealed indictment details how two Chinese nationals used mirror transfers and trade-based schemes to launder funds for Mexican drug cartels.

Structural Regulation

China Launches Multi-Agency Plan to Eradicate Illegal Cross-Border Brokerage

By Manesh Samtani | 25/05/2026

Eight government bodies launched a two-year plan to shut down illegal cross-border securities, futures, and fund activities; several online brokers penalised.

Anti-Money Laundering

SEBI Proposes Allowing Third-Party Payments in Mutual Funds

By Nithya Subramanian | 23/05/2026

SEBI is consulting on proposals to permit payroll-linked investments, unit-based commissions, and donations through MFs.

Anti-Money Laundering

Hong Kong Calls for Global Action on Digital Assets to Combat Terror Financing

By Sanday Chongo Kabange | 23/05/2026

Hong Kong’s finance chief has urged jurisdictions to implement international standards for digital assets and enhance cooperation to prevent their use in illicit finance.