Anti-Money Laundering

Anti-Money Laundering

UAE Publishes New National Risk Assessment Report

By Nithya Subramanian | 01/05/2025

The report calls for stronger controls, improved due diligence, and enhanced coordination across regulated sectors.

Anti-Money Laundering

Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai

By Nithya Subramanian | 29/04/2025

The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.

Cryptocurrency

Japan Adds 30 More Jurisdictions to Scope of Travel Rule Requirements

By Editors | 29/04/2025

There were already 28 jurisdictions named after an update in January 2024. The FSA proposes to add 30 more jurisdictions, which are mostly EU nations.

Anti-Money Laundering

Vietnam Property Tycoon has Sentence Reduced After Repaying Victims

By Mark Johnston | 28/04/2025

Property tycoon Truong My Lan has a life sentence for bond fraud reduced to 30 years, but is still facing execution on other charges.

Fraud, Scams & Cybercrime

HKMA Launches Tender to Build Payment Data Analytics Platform

By Manesh Samtani | 28/04/2025

The objective of the new platform is to improve the identification and detection of fraud, mule accounts and other financial crime activities.

Anti-Money Laundering

KOFIU Announces AML Penalties Against Six Firms Including NH Futures

By Editors | 27/04/2025

NH Futures violated its EDD obligations, while a casino operator and four credit cooperatives didn’t report high-value cash transactions on time.

Fraud, Scams & Cybercrime

HKPF Arrests Eight Over AI-Enabled Fraudulent Account Opening

By Mark Johnston | 26/04/2025

The eight arrests were part of a broader crackdown that led to 503 total arrests over a 10-day period in April.

Fraud, Scams & Cybercrime

Myanmar’s Scam Factories: A Descent Into the Heart of Financial Darkness

By Nathan Lynch | 25/04/2025

Industrial-scale scam operations run by criminal syndicates in Myanmar present a daunting challenge to banks and law enforcement, writes Nathan Lynch.

Fraud, Scams & Cybercrime

Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

By Thisanka Siripala | 24/04/2025

Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen.