Anti-Money Laundering

Anti-Money Laundering

AUSTRAC Launches Campaign for Implementation of AML Reforms

By Editors | 03/10/2025

The campaign will prepare existing and new industries for a shift to a risk-based approach and new digital reporting tools.

Anti-Money Laundering

SFC Suspends Ex-Broker RO for AML, Credit Risk Failures

By Editors | 03/10/2025

The SFC has disciplined a former responsible officer for failing to manage credit risks and report suspicious, highly profitable client trades.

Trade Based Money Laundering

Singapore Jails Korean National Over S$1.55b TBML Scheme

By Nithya Subramanian | 03/10/2025

Kim Taek-hoon was sentenced for his role in converting illicit cash from abroad into gold bars for smuggling to South Korea and Japan.

Anti-Money Laundering

India to Block 25 Offshore Crypto Platforms for AML Non-compliance

By Mark Johnston | 03/10/2025

FIU-IND has ordered the blocking of platforms including CEX.IO, BitMex, and Poloniex for regulatory non-compliance.

Anti-Money Laundering

Philippines Freezes More Assets, Signs New Pact in Widening Graft Probe

By Mark Johnston | 02/10/2025

Regulators have frozen assets worth PHP 2.9 billion and formalised cooperation with a new anti-graft body.

Anti-Money Laundering

Singapore Court Blocks 1MDB Liquidators from Suing Banks Over Pre-2018 Deals

By Nithya Subramanian | 02/10/2025

The court dismissed attempts by 1MDB liquidators to claw back funds from Standard Chartered and BSI, citing a legal cut-off that excludes transactions predating the city-state’s 2018 insolvency law.

Anti-Money Laundering

UK Convicts Chinese National in Record Bitcoin Laundering Case

By Editors | 02/10/2025

The conviction follows a seven-year probe and the seizure of 61,000 bitcoin, highlighting cross-border cooperation on cryptocrime and complex asset recovery questions.

KYC & CDD

New Zealand Mandates Stricter Due Diligence Rules for Partnerships

By Sanday Chongo Kabange | 01/10/2025

New regulatory guidance requires financial institutions to obtain and verify detailed information on the ownership, control, and legal structure of partnership clients.

Payments & Settlements

ISO 20022 Migration Enters Final Phase with Focus on Data Quality

By Manesh Samtani | 30/09/2025

With less than two months until the end of the coexistence period for legacy MT messages, over 60% of payment messages are now in the MX format.