Anti-Money Laundering

Anti-Money Laundering

FATF Launches Toolkit to Bolster National Risk Assessments

By Editors | 29/08/2025

The new toolkit and updated guidance aim to help countries better identify and combat money laundering and terrorist financing threats.

Anti-Money Laundering

FinCEN Issues Advisory Warning of Chinese Money Laundering Networks

By Manesh Samtani | 29/08/2025

FinCEN issues an alert for US banks detailing red flags and typologies used by Chinese money laundering networks to move illicit funds for drug cartels.

Anti-Money Laundering

Indonesia Police Freeze $10m in Online Gambling Crackdown

By Nithya Subramanian | 28/08/2025

The police force have frozen and seized 811 bank accounts linked to illegal online gambling, while three suspects tied to international betting sites have been arrested.

Anti-Money Laundering

Vietnam Opens Gold Bullion Production Market to Commercial Banks

By Editors | 28/08/2025

Decree ends the government's gold monopoly, allowing commercial banks to obtain licences and driving trade through regulated channels.

Anti-Money Laundering

Hong Kong Police Arrest 29 in Anti-Loan Sharking Crackdown

By Sanday Chongo Kabange | 28/08/2025

Since mid-May, four coordinated operations have seen dozens arrested, including minors, for predatory lending and "excessive interest rates".

Anti-Money Laundering

Wolfsberg Group Publishes Three-Pillar Framework for Effective Monitoring

By Manesh Samtani | 28/08/2025

Wolfsberg is calling on financial institutions to move from legacy transaction screening to AI-enabled models with tailored governance.

Supervision & Enforcement

SFC Reaffirms “Uncompromising” Approach Towards Criminal Syndicates

By Sanday Chongo Kabange | 27/08/2025

SFC Chairman Kelvin Wong outlined a series of enforcement and governance measures aimed at tackling criminal syndicates and safeguarding market integrity.

PEPs & Sanctions

RBI Urges Banks to Tighten Scrutiny on Pakistan Fund Flows

By Editors | 27/08/2025

RBI directed lenders to enhance checks on indirect fund transfers from Pakistan, citing high risks of arms financing.

Anti-Money Laundering

Philippines Could Return to FATF Grey List Over Gambling Risks: BSP

By Editors | 27/08/2025

BSP warnings and data from The Fourth Wall highlight the urgent need for stricter online gambling controls in the Philippines.