Anti-Money Laundering

Anti-Money Laundering

UK Freezes Properties Tied to Former Bangladeshi Minister

By Nithya Subramanian | 16/06/2025

The UK has frozen more than 300 properties linked to Bangladesh’s former land minister, including a high-end residence in North London.

Anti-Money Laundering

Australia: Four Arrested Over Multimillion-Dollar Crypto Laundering Scheme

By Thisanka Siripala | 13/06/2025

Security company used armoured cash transport services and other legitimate businesses to mix illicit and legitimate funds before converting them into crypto.

Anti-Money Laundering

The A$300m Question: Will Courts Neuter Australia’s Feared AML Watchdog?

By Nathan Lynch | 13/06/2025

The AML sector is watching closely as AUSTRAC runs a landmark case involving a A$300m disagreement over enforcement penalties.

Anti-Money Laundering

EU Commission Updates List of High-Risk Jurisdictions

By Manesh Samtani | 12/06/2025

Laos and Nepal were added, while the Philippines and the UAE were removed. The updated list takes into account the FATF’s work and its grey list.

Fraud, Scams & Cybercrime

Hong Kong Court Jails Four in Taiping Life Commission Scam

By Mark Johnston | 12/06/2025

HKD 4.6 million in commission and bonuses were paid out despite policyholders never signing application forms or paying premiums.

DeFi & Web3

Japan FSA Approves Sony Bank PoC to Test DeFi Services Model

By Thisanka Siripala | 12/06/2025

The project will explore whether automated market makers on public blockchains can comply with Japanese KYC and AML rules.

Anti-Money Laundering

Data Silos Must Fall to Combat Converging Financial Crime Types: Experts

By Manesh Samtani | 12/06/2025

More collaboration is needed as typologies collide, financial crime experts said at a roundtable hosted by Quantexa and Regulation Asia.

PEPs & Sanctions

Australian Sanctions Office Provides Guidance for High-Risk Sectors

By Nathan Lynch | 11/06/2025

The ASO released extensive guidance for those operating in high-risk sectors, including crypto, DeFi and remittance companies.

Anti-Money Laundering

Vietnam Set to End Central Bank’s Monopoly on Gold Imports

By Nithya Subramanian | 11/06/2025

Vietnam will allow qualified businesses to legally import gold, which could help to curb smuggling, enhance AML compliance, and stabilise domestic prices.