Anti-Money Laundering

Supervision & Enforcement

Does Australia Need an Economic Crime Harm Index?

By Manesh Samtani | 18/06/2025

As financial crime rates skyrocket, a leading industry expert has called for a “harm index” to help align the private […]

Fraud, Scams & Cybercrime

Malaysian NGO Urges Broader Probe into Civil Servant Loan Scam

By Nithya Subramanian | 17/06/2025

The MHO is urging a wider investigation into a loan scheme that allegedly defrauded civil servants, as part of a larger corruption and money laundering probe under MACC’s Op Sky.

Anti-Money Laundering

Bangladesh Considers Settlement Deals in Bid to Recover Illicit Funds

By Mark Johnston | 17/06/2025

The interim administration is considering civil suits and financial deals as part of broader efforts to reclaim assets and stabilise the economy.

Fraud, Scams & Cybercrime

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

Anti-Money Laundering

JBA Implements Ban on Cash Storage in Safe Deposit Boxes

By Thisanka Siripala | 17/06/2025

Revised JBA guidance will prohibit the storage of cash in safe deposit boxes, in line with the FSA’s revised supervisory guidelines.

Anti-Money Laundering

SBV Revises AML Rules to Secure Exit from FATF Grey List

By Sanday Chongo Kabange | 16/06/2025

The SBV is revising its AML regulations to enhance effectiveness and facilitate Vietnam’s removal from the FATF grey list.

Anti-Money Laundering

FATF Approves New Transparency Standards for Cross-Border Payments

By Manesh Samtani | 16/06/2025

The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

Anti-Money Laundering

New Companies Transparency Law Takes Effect in Singapore

By Nithya Subramanian | 16/06/2025

All newly incorporated companies and LLPs will be required to disclose their ownership and control details.

Anti-Money Laundering

HK Customs Working With HKU to Develop Crypto Tracing Tool

By Sanday Chongo Kabange | 16/06/2025

Hong Kong Customs has partnered with HKU to create a tool for tracing illicit activities involving cryptocurrencies.