Anti-Money Laundering

PEPs & Sanctions

EU Adopts 18th Sanctions Package Against Russia

By Manesh Samtani | 19/07/2025

The package targets Russia’s shadow fleet and energy revenues, as well as two Chinese banks and a Russian-owned refinery in India.

Fraud, Scams & Cybercrime

Cambodia Arrests Over 1,000 in Crackdown on Scam Syndicates

By Nithya Subramanian | 19/07/2025

The arrests follow a directive from Prime Minister Hun Manet targeting foreign-run scam syndicates operating in Cambodia.

Anti-Money Laundering

Egmont Group Mandates FIU Independence as Core Member Requirement

By Editors | 18/07/2025

The Egmont Group of Financial Intelligence Units will now require members to guarantee the operational independence and autonomy of their organisations.

Anti-Money Laundering

RBI Proposes Rules to Standardise Closure of Old Export Bills

By Nithya Subramanian | 18/07/2025

The RBI aims to create a uniform process for banks to close long-pending shipping bills, reducing compliance burdens.

Fraud, Scams & Cybercrime

South Korea Set to Enact Law Changes Targeting Illegal Lending

By Nithya Subramanian | 17/07/2025

Starting 22 July, Korea will nullify loan contracts with annual interest rates exceeding 60% and those involving coercion or exploitation.

AI Risk & Governance

MAS Rolling Out Four Pronged Responsible AI Adoption Strategy

By Nithya Subramanian | 17/07/2025

Chia Der Jiun unveiled a four-pronged strategy to promote responsible AI adoption in financial services, and said MAS has completed its Quantum Key Distribution sandbox trial

Anti-Money Laundering

AUSTRAC Publishes Regulatory Priorities for 2025-26

By Sanday Chongo Kabange | 17/07/2025

AUSTRAC has outlined its 2025-26 priorities, saying it will focus on bringing 'Tranche 2' professions into the regulatory net and cracking down on crypto and cash risks.

Anti-Money Laundering

PBOC Proposes to Update Reporting Rules for Suspicious Transactions

By Manesh Samtani | 17/07/2025

The PBOC has launched a consultation to align rules with a new AML law, introducing non-site inspections and extending record-keeping requirements.

Fraud, Scams & Cybercrime

BSEC Refers IPO Scam to ACC, Imposes Travel Bans and Penalties

By Nithya Subramanian | 16/07/2025

The BSEC claim company officials colluded with auditors and financiers to fabricate capital and deceive investors ahead of the company’s 2019 stock market debut.