Anti-Money Laundering

Anti-Money Laundering

BIS-led Project Mandala Enters Phase 2 to Automate Cross-border Payments

By Nithya Subramanian | 10/11/2025

The second phase will include new participants, test scalability, expand use cases, and explore programmable compliance for digital assets.

Fraud, Scams & Cybercrime

South Korea FSS, Police, Uncover $13M Cambodia-Based Investment Fraud Ring

By Mark Johnston | 10/11/2025

South Korea's FSS said 54 members of an organised ring were arrested for impersonating a UK firm to defraud investors.

Anti-Money Laundering

Philippines Authorises Migrant Worker Officials as AML Investigators

By Mark Johnston | 10/11/2025

The move aims to combat money laundering and human trafficking targeted at overseas Filipino workers by empowering DMW staff.

Resolution & Recovery

Bangladesh Dissolves Boards of Five Banks in State-Led Rescue Merger

By Mark Johnston | 10/11/2025

BB has formally initiated the resolution process for five Shariah-based banks, after 76 percent of their total disbursed loans defaulted.

Anti-Money Laundering

Mining the Blockchain: Lessons from the Prince Group Laundering Case

By Nathan Lynch | 10/11/2025

The US DOJ’s case against Chen Zhi, chairman of Cambodian-headquartered Prince Group, has provided a unique window into the role of cryptocurrency in modern money laundering schemes.

Fraud, Scams & Cybercrime

India’s Serious Fraud Office to Investigate Anil Ambani’s Reliance Group

By Nithya Subramanian | 07/11/2025

The Ministry of Corporate Affairs has handed a probe into alleged fund diversion to the Serious Fraud Investigation Office after signs of possible Companies Act violations.

Anti-Money Laundering

Thailand to Launch Data Bureau to Combat Illicit Finance

By Sanday Chongo Kabange | 07/11/2025

New multi-agency body will centralise financial data by December as government declares 'war on scammers'.

Anti-Money Laundering

FSC Korea Fines Upbit Operator Dunamu for AML Breaches

By Manesh Samtani | 07/11/2025

The fine follows the discovery of millions of customer due diligence and transaction restriction failures at Korea's largest crypto exchange.

Anti-Money Laundering

Japan FSA Orders Iwaki Shinkumi Bank to Improve Governance

By Nithya Subramanian | 07/11/2025

The FSA has issued a business improvement order against Iwaki Shinkumi Bank after uncovering serious compliance lapses, fraudulent lending and links to anti-social forces.