India's Enforcement Directorate has uncovered a web of money laundering activities involving the use of shell companies from Singapore.
March 6, 2024Regulators are imposing stricter licensing, business management, risk management and user protection rules on non-bank payment institutions.
December 19, 2023AUSTRAC will scrutinise the banking, gambling and remittance sectors, as well as crypto firms, payment platforms and non-bank lenders.
December 13, 2023Authorities can already freeze accounts linked to voice phishing scams. Prosecutors are looking to expand this to target gambling and drug crime.
December 13, 2023A fake securities trading app was used to launder over USD 320 million via crypto in the largest case of its kind in Taiwan.
November 3, 2023A group of 21 people in China laundered criminal proceeds from online fraud and gambling activities using USDT.
November 2, 2023From September 2024, online gambling providers must complete applicable customer identification procedures before offering gambling services.
September 29, 2023Singapore banks are red-flagging, reviewing, restricting and/or closing accounts of customers from China, Vanuatu, Dominica, Cyprus, Cambodia, Turkey, and St Kitts and Nevis.
September 25, 2023The bill will make it illegal for online gambling companies to accept credit cards, credit related products and digital currency as payment methods for online gambling.
September 15, 2023The report says people who are forced to work in scamming operations endure "inhumane treatment" and should be treated as victims, not criminals.
August 30, 2023