Anti-Money Laundering

PEPs & Sanctions

BNM Fines Three Lenders for Regulatory Breaches

By Nithya Subramanian | 31/07/2025

The fines were imposed for breaches involving deficient AML controls, delayed sanctions screening, and banking service outages.

Anti-Money Laundering

AUSTRAC Sues Gaming Giant Mounties Over Alleged AML Breaches

By Sanday Chongo Kabange | 31/07/2025

AUSTRAC alleges systemic non-compliance with AML/CTF laws, highlighting the risks for regulated entities that outsource their compliance programmes.

Supervision & Enforcement

Australia to Bring AUSTRAC, ACIC Under Intelligence Oversight Regime

By Sanday Chongo Kabange | 31/07/2025

New legislation introduced to Parliament will extend the remit of national security agencies to the intelligence functions of AUSTRAC and the ACIC.

PEPs & Sanctions

OFAC Announces Biggest Iran Sanctions Package Since 2018

By Manesh Samtani | 31/07/2025

The action designates over 50 entities, including targets in Singapore, Hong Kong, and India, linked to a network accused of transporting Iranian and Russian oil.

Stablecoins

Hong Kong Sets Out Details for New Stablecoin Licensing Regime

By Sanday Chongo Kabange | 30/07/2025

The HKMA has finalised its new rules for stablecoin issuers, which will take effect from 1 August 2025, with the first licences expected in early 2026.

Anti-Money Laundering

Critical Lessons in NAB’s Enforcement Action From AUSTRAC

By Nathan Lynch | 29/07/2025

Australia’s NAB has avoided a potential billion-dollar AML/CTF penalty and closed out a mammoth enforceable undertaking. The case is a masterclass in regulatory remediation, writes Nathan Lynch.

Anti-Money Laundering

AUSTRAC Closes 2022 Enforceable Undertaking with NAB

By Sanday Chongo Kabange | 28/07/2025

AUSTRAC has cancelled the 2022 enforceable undertaking but says NAB must continue to improve its AML programmes.

KYC & CDD

Indonesia's OJK Boosts Oversight with Integrated GRC System and Data-Sharing Pact

By Mark Johnston | 28/07/2025

OJK has launched a real-time risk platform and signed a data-sharing pact to tighten supervision of financial firms.

Anti-Money Laundering

India’s ED Raids Anil Ambani Firms in Bank Fraud and Money Laundering Probe

By Mark Johnston | 26/07/2025

The Enforcement Directorate is investigating an alleged INR 30 billion Yes Bank loan fraud, involving multiple regulatory violations and suspected bribery.