Anti-Money Laundering

Anti-Money Laundering

Japan FSA Flags Banks, Crypto as High-Risk for Money Laundering

By Editors | 03/07/2025

The FSA will focus on verifying the effectiveness of AML/CFT systems at FIs in preparation for the next FATF mutual evaluation.

Trade Based Money Laundering

Chinese Underground Banks Use Cartel Cash for TBML – Report

By Editors | 03/07/2025

A former senior DEA official has detailed a vast trade-based money laundering network linking Chinese investors, students, and the Sinaloa cartel.

Liquidity Risk

Singapore to Align Fund Liquidity Rules with Global Standards

By Manesh Samtani | 03/07/2025

MAS will revise its fund liquidity rules to align with FSB and IOSCO standards, including mandating greater use of anti-dilution tools.

Trade Based Money Laundering

TBML Fundamentals: A Primer for Risk and Compliance Professionals

By Nathan Lynch | 03/07/2025

Trade is central to the movement of vast sums of illicit wealth through the financial system, yet it remains a challenging area for AML practitioners.

Anti-Money Laundering

1MDB Liquidators Sue StanChart for $2.7b Over Alleged AML Failures

By Nithya Subramanian | 02/07/2025

Three firms allege that the bank enabled over 100 intra-bank transfers that helped conceal the movement of stolen public funds.

Anti-Money Laundering

China Imposes New AML Rules on Precious Metals and Gems Dealers

By Manesh Samtani | 02/07/2025

New rules effective 1 August require dealers to conduct due diligence and report cash transactions over CNY 100,000.

Market Abuse

Taiwan Passes Law Allowing Cross-Company Dismissal of Directors

By Editors | 02/07/2025

The new law allows for the dismissal of listed company directors for fraud or embezzlement committed at other firms.

Fraud, Scams & Cybercrime

US and Singapore Banks Being Used to Launder Scam Proceeds – Report

By Nithya Subramanian | 02/07/2025

Questions are being raised on whether banks are doing enough to detect suspicious activity and prevent abuse.

Anti-Money Laundering

Singapore Implements Tougher AML/CFT Rules for Financial Sector

By Manesh Samtani | 01/07/2025

Stricter rules targeting proliferation financing and tightening suspicious transaction reporting deadlines for FIs are now in effect.