Anti-Money Laundering

PEPs & Sanctions

US Sanctions North Korean IT Network Funding Weapons Programmes

By Sanday Chongo Kabange | 25/07/2025

OFAC designated an alleged front company and three individuals for using fraudulent IT workers to generate revenue for North Korea's missile development.

Fraud, Scams & Cybercrime

Thailand: New Cybercrime Law Prevented $160m in Losses in 3mos

By Nithya Subramanian | 25/07/2025

Between 14 April and 20 July, authorities froze nearly 182,000 bank accounts and took down over 33,000 malicious websites.

Anti-Money Laundering

India’s Supreme Court Allows CBI to File 22 Cases Against Banks and Builders

By Nithya Subramanian | 25/07/2025

The court cited “substantial evidence” of collusion between banks and real estate developers, exposing violations of lending norms under the now-controversial subvention scheme.

Anti-Money Laundering

IFTI Business: The Story Behind PayPal's Epic Enforceable Undertaking

By Nathan Lynch | 25/07/2025

The completion of PayPal’s Enforceable Undertaking with AUSTRAC brings to a close one of the most extraordinary chapters in AML/CTF supervision.

Anti-Money Laundering

Australian Police, Banks Issue Joint Warning on Money Mule Accounts

By Manesh Samtani | 25/07/2025

ABA CEO Anna Bligh described the use of mule accounts as a "key tactic in a criminal’s playbook" and effectively a "getaway vehicle" for scammers.

Anti-Money Laundering

Global AML Regime Delivers Intelligence Value but Fails on Core Goals, Study Finds

By Manesh Samtani | 25/07/2025

A new paper argues that the global AML system is failing to deter crime despite huge costs, with its main value being an intelligence tool.

Anti-Money Laundering

Sri Lanka to Start Registering Crypto Firms Ahead of FATF Review

By Duruthu E Chandrasekera | 24/07/2025

The move, driven by an upcoming FATF evaluation, will require VASP registration, but the CBSL stresses it is not legalisation.

Fraud, Scams & Cybercrime

Korea’s FSS to Impose "Severe Penalties" on Payment Firms Linked to Fraud

By Nithya Subramanian | 24/07/2025

Criminal investigations are underway after the FSS uncovered illegal activities at several payment gateway firms, including laundering of phishing funds and fraudulent loans.

Stablecoins

HKMA Warns of 'Frothiness' in Stablecoin Market, Signals Strict AML Rules

By Sanday Chongo Kabange | 24/07/2025

The HKMA will grant only a handful of stablecoin issuer licences initially and impose stringent AML rules amid concerns over market speculation.