Anti-Money Laundering

Anti-Money Laundering

UNODC Flags Money Laundering Risks as Drug Crimes Surge in Asia

By Thisanka Siripala | 05/06/2025

Drug trafficking networks are increasingly turning to underground banking and digital platforms to launder drug proceeds.

KYC & CDD

Singapore Sharpens Focus on Source of Wealth Due Diligence

By Manesh Samtani | 05/06/2025

New guidelines in Singapore call for more robust source of wealth checks in banking and wealth management, experts say.

Anti-Money Laundering

Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

By Nathan Lynch | 04/06/2025

Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

Fraud, Scams & Cybercrime

AUSTRAC Cracks Down on Crypto ATM Operators

By Thisanka Siripala | 04/06/2025

AUSTRAC has imposed an A$5,000 transaction limit on cash deposits and withdrawals and other measures.

Anti-Money Laundering

Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

By Nithya Subramanian | 04/06/2025

The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

Anti-Money Laundering

Bangladesh Bank Directs Banks to Monitor for Online Gambling

By Nithya Subramanian | 03/06/2025

FIs are directed to actively monitor for any involvement in online gambling and, where needed, employ AI tools to detect suspicious transactions.

Anti-Money Laundering

New Zealand DIA Warns Money Remitter for AML Noncompliance

By Sanday Chongo Kabange | 03/06/2025

The DIA said further action may be taken if noncompliance with New Zealand’s AML/CFT laws continues.

Fraud, Scams & Cybercrime

BSP Approves Rules to Implement New Anti-Scam Law

By Sanday Chongo Kabange | 03/06/2025

BSP approved changes to rules on freezing of suspicious funds, account information sharing, and IT risk management.

Anti-Money Laundering

Indonesia and France to Strengthen Financial Cooperation

By Nithya Subramanian | 03/06/2025

The central banks will collaborate on a range of initiatives, including digital payments, sustainable finance, and AML/CTF measures.