Anti-Money Laundering

KYC & CDD

HK Police Bust Syndicate Using AI to Trick Banks' Remote KYC Checks

By Sanday Chongo Kabange | 13/10/2025

The HKPF says the syndicate used AI-altered identity documents to successfully open accounts remotely, prompting calls for banks to integrate with government digital ID systems.

AI Risk & Governance

BIS Urges Greater Collaboration Among Central Banks on AI

By Manesh Samtani | 13/10/2025

New report details AI use in AML and supervision, but warns of data governance, concentration, and cyber security challenges.

Anti-Money Laundering

Indonesia Shifts to AML Effectiveness Model with New National Index

By Mark Johnston | 13/10/2025

Jakarta has launched a new data-driven index to measure real-world outcomes of its AML/CFT regime ahead of its 2029 FATF evaluation.

Supervision & Enforcement

Australia Introduces Bill to Combat Mandate Payday Superannuation

By Sanday Chongo Kabange | 12/10/2025

New legislation introduced to parliament will require employers to pay superannuation on payday from 1 July 2026, targeting billions in unpaid retirement funds.

PEPs & Sanctions

US Hits China, India, UAE, HK Firms in New Iran Sanctions Wave

By Manesh Samtani | 10/10/2025

Treasury and State Departments target nearly 100 entities, including a Chinese refinery, major Indian petrochemical buyers and Hong Kong shell companies.

Anti-Money Laundering

Singapore to Table Bill Barring Convicted Money Launderers from Directorships

By Nithya Subramanian | 10/10/2025

The bill seeks to curb the misuse of companies, reduce compliance burdens, and strengthen audit oversight.

Anti-Money Laundering

Mounties Lawsuit Shines Spotlight on Financial Crime Advisers

By Nathan Lynch | 10/10/2025

AUSTRAC’s civil claim against Mounties for alleged AML/CTF breaches has sent a quiet shot across the bows of external consultants, writes Nathan Lynch.

Anti-Bribery & Corruption

Philippine SEC Chief Blames Corruption for PHP 1.7 Trillion Market Wipeout

By Editors | 09/10/2025

SEC Chair says a 'crisis of confidence' is hitting the market, as the AMLC freezes billions in assets linked to the ongoing probe.

Anti-Money Laundering

Bangladesh Banks Directed to Engage Global Firms for Asset Recovery

By Mark Johnston | 08/10/2025

Lenders in Bangladesh must partner with international experts to repatriate funds allegedly laundered by high-profile individuals and business groups.