Anti-Money Laundering

Supervision & Enforcement

US Fed Ends 2019 Enforcement Action Against Japan's Sumitomo Mitsui

By Editors | 10/09/2025

The action, imposed over AML control deficiencies, has been terminated, potentially clearing a path for the lender's US expansion.

Cryptocurrency

Crypto Exchange Bybit Restores Full Services in India

By Nithya Subramanian | 10/09/2025

Bybit has resumed full services in India after securing FIU-IND registration, aligning with anti-money laundering rules as it deepens ties with regulators and strengthens compliance.

Stablecoins

IMF Warns Stablecoins Pose 'Major Financial Stability Risks'

By Sanday Chongo Kabange | 09/09/2025

Experts call for new regulatory frameworks to address risks from non-banks, dollarisation, and financial crime amid rapid financial innovation.

Anti-Money Laundering

China Proposes 'Special Preventive Measures' for AML/CFT

By Manesh Samtani | 09/09/2025

New draft rules from eight government bodies would require firms to immediately freeze assets of entities on specific high-risk lists without prior notice.

Anti-Money Laundering

Wolfsberg Group Issues Framework for Banking Stablecoin Issuers

By Manesh Samtani | 09/09/2025

The guidance outlines a risk-based approach for FIs focusing on due diligence, account segregation, and proportionate on-chain monitoring.

Anti-Money Laundering

AUSTRAC Sheds Light on Major Financial Crimes Unravelled by Intelligence

By Editors | 08/09/2025

Financial intelligence has exposed a police officer's gold-funded gambling scheme and helped dismantle multi-million dollar illicit tobacco syndicates across two states.

Anti-Money Laundering

Hong Kong’s New AML Info-Sharing Law to Start in November

By Manesh Samtani | 08/09/2025

The voluntary mechanism will allow banks and law enforcement to share account data via secure platforms to combat fraud and money laundering.

Anti-Money Laundering

US Announces New Measures Targeting Cross-Border Financial Crime

By Editors | 08/09/2025

The SEC has formed a new enforcement task force targeting foreign fraud, while FinCEN has issued guidance to encourage cross-border information sharing.

Anti-Money Laundering

Vietnam Tightens Rules to Combat Terrorism Financing

By Nithya Subramanian | 08/09/2025

The regulations establish a broad inter-agency framework for freezing assets and sharing intelligence on suspicious transactions involving bank accounts, securities, and digital currencies.