Anti-Money Laundering

Anti-Money Laundering

AUSTRAC Announces Closure of Enforceable Undertaking with Perth Mint

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC has closed its enforceable undertaking against Perth Mint but warned of ongoing risks in the bullion sector.

Anti-Money Laundering

SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

By Editors | 04/07/2025

The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.

Anti-Money Laundering

BFIU Freezes Accounts of Eastern Bank Chairman Over Suspicious Transactions

By Nithya Subramanian | 04/07/2025

Bangladesh’s FIU has frozen credit card activity as well as asked banks to submit transaction details.

Anti-Money Laundering

How Hong Kong is Tackling the Money Mule Threat

By Manesh Samtani | 04/07/2025

Industry experts discussed the growing sophistication of money mule networks and the complexities of detecting and offboarding suspicious accounts.

Anti-Money Laundering

AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

Anti-Money Laundering

Japan FSA Flags Banks, Crypto as High-Risk for Money Laundering

By Editors | 03/07/2025

The FSA will focus on verifying the effectiveness of AML/CFT systems at FIs in preparation for the next FATF mutual evaluation.

Trade Based Money Laundering

Chinese Underground Banks Use Cartel Cash for TBML – Report

By Editors | 03/07/2025

A former senior DEA official has detailed a vast trade-based money laundering network linking Chinese investors, students, and the Sinaloa cartel.

Liquidity Risk

Singapore to Align Fund Liquidity Rules with Global Standards

By Manesh Samtani | 03/07/2025

MAS will revise its fund liquidity rules to align with FSB and IOSCO standards, including mandating greater use of anti-dilution tools.

Trade Based Money Laundering

TBML Fundamentals: A Primer for Risk and Compliance Professionals

By Nathan Lynch | 03/07/2025

Trade is central to the movement of vast sums of illicit wealth through the financial system, yet it remains a challenging area for AML practitioners.