Anti-Money Laundering

Anti-Money Laundering

AUSTRAC Publishes New Guidance Ahead of AML/CTF Reforms

By Editors | 20/10/2025

AUSTRAC has published new guidance for professions like lawyers and accountants ahead of their inclusion in the AML/CTF regime.

Anti-Money Laundering

UBS Intensifying Scrutiny of Asia Wealth Clients - Reports

By Editors | 19/10/2025

UBS is reportedly working with Deloitte and KPMG to screen client documentation for any indications of illicit activities.

Cryptocurrency

Binance Secures Key Korea Approval After Two-Year Delay

By Manesh Samtani | 17/10/2025

KoFIU approved Binance's acquisition of local cryptocurrency exchange Gopax following its multi-billion dollar US settlement.

Anti-Money Laundering

HK & Mainland Police Arrest Three for Face Spoofing and Money Laundering

By Sanday Chongo Kabange | 17/10/2025

The three members of a cross-border syndicate allegedly used pre-recorded videos to bypass facial recognition systems at digital banks.

Anti-Money Laundering

AUSTRAC to Get Additional Powers to Combat Crypto ATM Crimes

By Sanday Chongo Kabange | 16/10/2025

New legislation will empower AUSTRAC to restrict or prohibit high-risk products and give banks new tools to disrupt money mule accounts.

Anti-Money Laundering

How HUMINT is Closing the Gaps in Financial Crime Cases

By Nathan Lynch | 16/10/2025

In the complex world of financial crime investigations, banks and private companies are turning to “human intelligence” experts in an effort to crack their most challenging cases, writes Nathan Lynch.

Anti-Money Laundering

Australia Moves to Single Public Register for Beneficial Ownership

By Sanday Chongo Kabange | 16/10/2025

The government has streamlined its approach, scrapping a two-stage plan in favour of a direct, Commonwealth-operated public database for unlisted companies.

Anti-Money Laundering

Philippine SEC Proposes Tougher Beneficial Ownership Reporting Rules

By Sanday Chongo Kabange | 15/10/2025

The SEC’s draft rules introduce a seven-day reporting deadline for ownership changes and fines of up to PHP 2 million for false declarations.

Fraud, Scams & Cybercrime

Singapore Court Jails Company Director in S$25m Luxury Goods Fraud

By Nithya Subramanian | 15/10/2025

Pi Jiapeng was jailed for fraudulent trading, breach of director’s duties, and money laundering, a conviction that follows the 14-year sentence handed to his wife and co-conspirator.