Anti-Money Laundering

PEPs & Sanctions

US Experts Urge Congress to Sanction Hong Kong Banks

By Manesh Samtani | 23/09/2025

Congressional roundtable hears calls to target Hong Kong's alleged role as a hub for sanctions evasion for China, Russia and Iran.

Anti-Money Laundering

China Imposes New Anti-Money Laundering Rules on Law Firms

By Manesh Samtani | 23/09/2025

New regulations require law firms to conduct client due diligence and report suspicious transactions, aligning the sector with global AML standards.

Stablecoins

Lack of 'Strategic Thinking' Fuelling Rise of Rival Financial Systems: RUSI

By Manesh Samtani | 22/09/2025

New report argues that geopolitical shifts, sanctions, and de-risking are driving nations to build alternative financial systems.

Stablecoins

US Advances Stablecoin Rules, Seeks Input on Foreign Issuers

By Manesh Samtani | 22/09/2025

A formal request for comment on the GENIUS Act has been issued, with specific questions on how to treat foreign firms and comparable regulatory regimes.

Anti-Money Laundering

DBS Cash Remittances Curb Puts 3 Bangladeshi Banks at Risk

By Nithya Subramanian | 22/09/2025

Proposed suspension threatens a key channel of remittance for Bangladeshi migrant workers, though regulators have secured a temporary reprieve until 31 October.

Anti-Money Laundering

BSP Imposes New Limit on Large Cash Payouts to Curb Illicit Finance

By Editors | 22/09/2025

New circular mandates traceable channels for transactions over PHP 500,000 and imposes new enhanced due diligence and reporting duties on FIs.

Anti-Money Laundering

Hong Kong Police Bust HKD 66 Million Laundering Ring

By Editors | 22/09/2025

Syndicate allegedly used over 30 stooge accounts at both traditional and virtual banks, operating from hotel rooms to process illicit funds.

Anti-Money Laundering

INTERPOL to Bolster Fight Against Illicit Finance in Asia with New Tools

By Editors | 21/09/2025

Law enforcement leaders endorsed new measures for rapid payment intervention and asset freezing to combat organised crime and illegal financial flows.

Supervision & Enforcement

China Lifts Exit Ban on Wells Fargo Banker After US Talks

By Editors | 21/09/2025

Chenyue Mao, a Chinese-born US citizen, was placed under an exit ban earlier this year during a business trip to China.