Anti-Money Laundering

Anti-Money Laundering

ASIC Charges Four for Laundering Scam Proceeds via Crypto

By Manesh Samtani | 08/08/2025

ASIC alleges a former barrister and three others laundered proceeds from a sophisticated fake bond scam through offshore and crypto accounts.

Emerging Prudential Risks

Taiwan FSC Reorganises Banking Bureau to Bolster Systemic Risk Oversight

By Editors | 08/08/2025

The regulator has reassigned duties to centralise macroprudential supervision and bring leasing firms under a new consumer protection and AML remit.

Cryptocurrency

Vietnam Submits Crypto Exchange Pilot Plan for Politburo Approval

By Editors | 08/08/2025

The finance ministry has finalised its proposal for a regulatory sandbox, which could launch as early as this month with a limited number of private-sector exchanges.

Anti-Money Laundering

Chinese Regulators Impose Over ¥30M in Fines on Bank of Shanghai

By Mark Johnston | 07/08/2025

The PBOC and NFRA imposed fines on the bank over AML-related and other failures. 15 managers also held individually accountable.

Fraud, Scams & Cybercrime

India's Enforcement Directorate Cracks Down on Crypto Fraudsters

By Nithya Subramanian | 07/08/2025

India’s ED launched nationwide raids in two major crypto fraud cases — one tied to a phishing scam, the other to a global cyber racket using impersonation and crypto laundering.

Anti-Money Laundering

AUSTRAC Calls on Inactive Remittance Firms to De-register

By Sanday Chongo Kabange | 07/08/2025

AUSTRAC has told inactive remittance firms to cancel their registration or be forced out, citing risks that dormant businesses can be bought and used by criminals.

PEPs & Sanctions

Proliferation Financing: Winding Back the ‘Doomsday Clock’ Across APAC

By Nathan Lynch | 07/08/2025

APAC businesses face a daunting task complying with the new FATF proliferation financing rules, but help is at hand, writes Nathan Lynch.

Market Abuse

India’s ED Arrests Former Axis Mutual Fund Dealer in Front-Running Scam

By Nithya Subramanian | 06/08/2025

The scam allegedly generated over INR 2 billion in illicit profits and involved a vast network of traders and shell entities.

Anti-Bribery & Corruption

Malaysia Examines Proposal for Unexplained Wealth Law

By Editors | 06/08/2025

The government is studying a proposal for Unexplained Wealth Orders to combat corruption but will move slowly to avoid unintended consequences.