Anti-Money Laundering

Anti-Money Laundering

Philippines AMLC to Probe Casinos Over Officials' Laundering Scheme

By Editors | 12/09/2025

Investigation follows a senator's allegations that former public works officials laundered nearly PHP 1 billion through at least 13 gaming venues.

PEPs & Sanctions

US Sanctions China, UAE Firms in Largest-Ever Action Against Houthi Networks

By Manesh Samtani | 12/09/2025

OFAC sanctioned dozens of entities and vessels involved in Houthi fundraising and weapons procurement, while warning of secondary sanctions risks for FIs.

Anti-Money Laundering

AUSTRAC’s Retreat in Entain Case Highlights Complexity of Compliance

By Nathan Lynch | 12/09/2025

AUSTRAC’s rare retreat in the Entain civil enforcement action highlights the AML/CTF Act’s complexity, writes Nathan Lynch.

Anti-Money Laundering

1MDB: Malaysia Recovers $8.57m Linked to Jho Low

By Nithya Subramanian | 11/09/2025

This is part of global 1MDB recovery efforts that have so far brought back more than MYR 31 billion in misappropriated assets.

Cryptocurrency

Vietnam Launches 5-Year Pilot to Regulate Crypto Market

By Sanday Chongo Kabange | 10/09/2025

The new framework sets high capital requirements for service providers and restricts the issuance and trading of new crypto assets to foreign investors.

Anti-Money Laundering

Philippines Renews Push to Amend Bank Secrecy Law

By Sanday Chongo Kabange | 10/09/2025

The proposed bill aims to grant the BSP limited powers to examine bank accounts of insiders suspected of fraud or misconduct.

Anti-Money Laundering

Philippines to Enhance Beneficial Ownership Transparency in Extractive Industries

By Nithya Subramanian | 10/09/2025

New data-sharing agreement is expected to improve access to corporate and ownership information in the extractives sector, balancing transparency with privacy safeguards.

Supervision & Enforcement

US Fed Ends 2019 Enforcement Action Against Japan's Sumitomo Mitsui

By Editors | 10/09/2025

The action, imposed over AML control deficiencies, has been terminated, potentially clearing a path for the lender's US expansion.

Cryptocurrency

Crypto Exchange Bybit Restores Full Services in India

By Nithya Subramanian | 10/09/2025

Bybit has resumed full services in India after securing FIU-IND registration, aligning with anti-money laundering rules as it deepens ties with regulators and strengthens compliance.