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Coverage of global AML regulations, compliance standards, enforcement actions, and innovations in detecting and preventing money laundering activities.

PEPs & Sanctions
Multilateral Sanctions Monitoring Team Issues First Report on DPRK
By Manesh Samtani | 29/05/2025
The report details the deepening military cooperation between North Korea and Russia and calls for UN sanctions against individuals, entities, and vessels involved in this activity.

Anti-Bribery & Corruption
Ex-Goldman Banker Gets 2yr Sentence in 1MDB Case
By Manesh Samtani | 29/05/2025
Tim Leissner has been sentenced to two years in prison and ordered to forfeit $43.7mn for his role in the 1MDB bribery and money laundering scheme.

Fraud, Scams & Cybercrime
US Sanctions Philippines-based Firm for Facilitating Cyber Scams
By Editors | 29/05/2025
Funnull Technology Inc provides IP addresses and other web infrastructure to cybercriminals to host scam platforms and other malicious web content.

KYC & CDD
BNM Fines Multiple Banks for AML and Reporting Failures
By Nithya Subramanian | 29/05/2025
Bank Pembangunan and two HSBC entities were penalised for failures to properly identify and verify beneficial owners.

Anti-Money Laundering
Singapore Updates Accountancy Code to Strengthen Tax Planning Ethics
By Editors | 29/05/2025
ACRA adopts global standards for tax services, effective July 2025, with transitional provisions for existing engagements.

Anti-Money Laundering
Chinese Underground Banking Key to Global Crime – Report
By Manesh Samtani | 29/05/2025
Chinese underground banking networks facilitate North Korean hacking, drug cartels, and sanctions evasion, says TRM Labs report.

KYC & CDD
BSP Issues Directions to Banks on Adverse Media Screening
By Sanday Chongo Kabange | 28/05/2025
Banks must include adverse media screening during onboarding and during transaction monitoring to identify financial crime threats.

Anti-Money Laundering
Interpol Issues First Two Silver Notices at India’s Request
By Manesh Samtani | 28/05/2025
India secured two Interpol Silver Notices, one to trace assets in a visa fraud case and the other for a crypto scam case.

KYC & CDD
Malaysia Defends Restrictions on Access to Beneficial Ownership Data
By Nithya Subramanian | 28/05/2025
The Companies Commission said restricting access to specific parties is in line with global norms, balancing transparency with privacy, security, and AML efforts.

Anti-Money Laundering
G7 Finance Ministers Pledge Action Against Financial Crime
By Manesh Samtani | 27/05/2025
G7 commits to strengthening AML frameworks, enhancing international cooperation, and supporting developing countries to combat financial crime.
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