Anti-Money Laundering

Cryptocurrency

Pakistan Establishes New Regulator for Virtual Asset Market

By Nithya Subramanian | 11/07/2025

A newly formed regulator will license virtual asset providers, monitor compliance with AML laws, and support innovation through a regulatory sandbox framework.

Anti-Money Laundering

New Bill Filed to Modernise Bank Secrecy Law in Philippines

By Nithya Subramanian | 11/07/2025

The proposed legislation aims to give BSP power to probe deposits tied to unlawful activity but under strict conditions.

PEPs & Sanctions

US Hits Iran's 'Shadow Banking' Network With New Sanctions

By Manesh Samtani | 11/07/2025

The US imposed new sanctions on a network of companies, including many in Hong Kong, for facilitating illicit oil sales and funnelling funds to Iran's Revolutionary Guard.

Anti-Money Laundering

EU Adds Laos, Nepal to High-Risk AML List; Delists Philippines

By Sanday Chongo Kabange | 10/07/2025

The European Parliament has endorsed changes to its high-risk country list, adding Laos and Nepal while removing the Philippines.

Anti-Money Laundering

Compliance Deadline Looms Large for Australian Gatekeeper Professions

By Nathan Lynch | 10/07/2025

Australia’s two-decade tango with the FATF has left “Tranche 2” businesses with little time to waste in the lead-up to 1 July 2026.

Anti-Money Laundering

Nehal Modi Arrested in US, Faces Extradition to India over $1.5B PNB Scam

By Nithya Subramanian | 09/07/2025

Nehal Modi is accused of laundering money, destroying evidence, and intimidating witnesses in connection with one of India’s biggest banking frauds.

PEPs & Sanctions

OFAC Announces Sanctions Over DPRK Illicit IT Worker Scheme

By Editors | 09/07/2025

The action targets individuals and firms involved in a revenue-generating scheme funding North Korea's weapons programmes, OFAC said.

Anti-Money Laundering

AUSTRAC Sets Out Expectations for Incoming AML Reforms

By Editors | 08/07/2025

AUSTRAC told industry it does not expect "perfection on day one" for new AML/CTF rules, outlining a phased approach ahead of FATF evaluation.

PEPs & Sanctions

US Attacks on Iran Pose Complex Challenges for Compliance Teams

By Nathan Lynch | 08/07/2025

The escalating hostility between the US and Iran has heightened the pressure on global financial institutions to combat terrorist financing.