Anti-Money Laundering

Anti-Money Laundering

China Proposes 'Special Preventive Measures' for AML/CFT

By Manesh Samtani | 09/09/2025

New draft rules from eight government bodies would require firms to immediately freeze assets of entities on specific high-risk lists without prior notice.

Anti-Money Laundering

Wolfsberg Group Issues Framework for Banking Stablecoin Issuers

By Manesh Samtani | 09/09/2025

The guidance outlines a risk-based approach for FIs focusing on due diligence, account segregation, and proportionate on-chain monitoring.

Anti-Money Laundering

AUSTRAC Sheds Light on Major Financial Crimes Unravelled by Intelligence

By Editors | 08/09/2025

Financial intelligence has exposed a police officer's gold-funded gambling scheme and helped dismantle multi-million dollar illicit tobacco syndicates across two states.

Anti-Money Laundering

Hong Kong’s New AML Info-Sharing Law to Start in November

By Manesh Samtani | 08/09/2025

The voluntary mechanism will allow banks and law enforcement to share account data via secure platforms to combat fraud and money laundering.

Anti-Money Laundering

US Announces New Measures Targeting Cross-Border Financial Crime

By Editors | 08/09/2025

The SEC has formed a new enforcement task force targeting foreign fraud, while FinCEN has issued guidance to encourage cross-border information sharing.

Anti-Money Laundering

Vietnam Tightens Rules to Combat Terrorism Financing

By Nithya Subramanian | 08/09/2025

The regulations establish a broad inter-agency framework for freezing assets and sharing intelligence on suspicious transactions involving bank accounts, securities, and digital currencies.

Anti-Money Laundering

Global AML Watchdogs Urge Informal Cooperation in New Handbook

By Manesh Samtani | 08/09/2025

The FATF, Egmont Group, Interpol, and UNODC have released a guide promoting faster, informal cooperation to combat cross-border financial crime and recover assets.

Anti-Money Laundering

S Korean National Pleads Guilty to Money Laundering Charges in Singapore

By Nithya Subramanian | 06/09/2025

The Korean national admitted in a Singapore court to using criminal proceeds to buy gold bars, which he then smuggled out of the country disguised in shipments.

Anti-Money Laundering

Myanmar Tightens Corporate Rules to Combat "Terrorism" Threat

By Nithya Subramanian | 06/09/2025

Myanmar's Directorate of Investment and Company Administration is ordering companies to submit extensive new information, including bank account details and directors' home addresses.