Anti-Money Laundering

Anti-Money Laundering

Malaysia Targets Overseas Assets Linked to Former Finance Minister

By Nithya Subramanian | 01/07/2025

The MACC has sought foreign cooperation to freeze and investigate wealth across five jurisdictions, including the US, Singapore, and Japan.

Custody & Infrastructure

Hong Kong Consults on Virtual Asset Rules for OTC Dealing and Custodians

By Sanday Chongo Kabange | 30/06/2025

FSTB and SFC are consulting on virtual asset regulatory regimes for OTC trading services and custodian services.

Fraud, Scams & Cybercrime

Cambodia ‘Deliberately Ignoring’ Slavery and Torture in Scam Compounds – Report

By Nithya Subramanian | 30/06/2025

An investigation by Amnesty International found that Cambodian police sometimes work with the bosses of scam compounds.

Anti-Money Laundering

Hong Kong Rules Out Bespoke Regime for Family Offices

By Manesh Samtani | 30/06/2025

Hong Kong will rely on existing activity-based licensing and AML laws to police the sector, while enhancing tax breaks.

Fraud, Scams & Cybercrime

Hong Kong Police Arrest Eight Involved in Share Sale Scams

By Editors | 28/06/2025

HK police have arrested eight individuals in connection with two phishing schemes targeting over 130 investors, resulting in HK$46 million in losses.

Anti-Money Laundering

South Korea Seizes Cryptocurrency from Unregistered Exchanges

By Editors | 27/06/2025

South Korean authorities seized KRW 4.5 billion in cryptocurrency from unregistered exchanges in a crackdown on illicit activities.

Anti-Money Laundering

Singapore’s Sheng Siong Tightens $TM Safeguards Over ML Concerns

By Nithya Subramanian | 27/06/2025

Four individuals have been arrested for allegedly exploiting the supermarket chain’s $TM system as part of a money laundering operation.

Anti-Money Laundering

MAS Issues New Guidance to Strengthen VCC Governance

By Nithya Subramanian | 27/06/2025

A thematic review revealed gaps in custody arrangements, director appointments, fund management substance, and AML controls.

Anti-Money Laundering

FATF Calls on Jurisdictions to Bolster Efforts on Crypto Supervision

By Manesh Samtani | 27/06/2025

FATF issued its latest progress report on the implementation of AML/CFT measures for virtual assets and a best practice paper for Travel Rule implementation.