AML / KYC

Sanctions

US Sanctions Singapore Firm in Crackdown on Iranian Oil 'Shadow Fleet'

By Editors | 04/07/2025

The US has sanctioned a Singapore-based firm as part of a major crackdown on networks facilitating billions in Iranian oil sales.

AML / KYC

SFC Fines Arta Global Futures and Suspends Ex-Directors for AML Breaches

By Editors | 04/07/2025

The SFC has penalised Arta Global Futures and suspended two former senior executives over systemic AML and trading surveillance failures.

AML / KYC

BFIU Freezes Accounts of Eastern Bank Chairman Over Suspicious Transactions

By Nithya Subramanian | 04/07/2025

Bangladesh’s FIU has frozen credit card activity as well as asked banks to submit transaction details.

AML / KYC

Philippine Central Bank to Issue Circular on Online Gambling Risks

By Sanday Chongo Kabange | 04/07/2025

The BSP says it will require banks and electronic money issuers to better protect users of their digital platforms from online gambling risks.

AML / KYC

How Hong Kong is Tackling the Money Mule Threat

By Manesh Samtani | 04/07/2025

Industry experts discussed the growing sophistication of money mule networks and the complexities of detecting and offboarding suspicious accounts.

AML / KYC

AUSTRAC Orders External Audit of Western Union Over “Core” AML Issues

By Sanday Chongo Kabange | 04/07/2025

AUSTRAC’s concerns are “core anti-money laundering issues” and whether Western Union’s AML/CTF programme is functional.

AML / KYC

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.

AML / KYC

RBI Directs Banks to Adopt Telecoms Fraud Risk Tool

By Manesh Samtani | 03/07/2025

The RBI has directed all lenders to integrate a new government system that flags mobile numbers linked to financial fraud.

AML / KYC

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.