AML / KYC

AML / KYC

US Authorities Settles AML Charges with Armoured Car Company

By Nithya Subramanian | 09/02/2025

This is FinCEN’s first enforcement against an armoured car company, which admitted to transporting bulk currency between third parties in violation of US law.

Enforcement

Europol Leads Global Operation to Dismantle Cybercrime Forums

By Thisanka Siripala | 09/02/2025

Authorities made two arrests, seized 12 domains, and confiscated 17 servers and over 50 electronic devices.

AML / KYC

US Convicts Chinese Nationals for Fentanyl Precursor Shipment

By Editors | 08/02/2025

The shipment was arranged by undercover law enforcement agents who pretended to be buyers of the precursor chemicals.

AML / KYC

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

AML / KYC

Australian Super Advocacy Body Defends Anti-Scam Measures

By Thisanka Siripala | 06/02/2025

ASFA CEO Mary Delahunty says ASIC fails to acknowledge the proactive measures taken by the superannuation sector to tackle scams.

AML / KYC

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

AML / KYC

BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds  

By Sanday Chongo Kabange | 06/02/2025

FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.

Crypto / Digital Assets

Korea to Establish Cryptocrime Division at Seoul Prosecutors’ Office

By Editors | 04/02/2025

The Seoul Prosecutors’ Office launched a Virtual Asset Crime Joint Investigation Team in July 2023. The team is being formalised as a permanent division.

Enforcement

Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange

By Sanday Chongo Kabange | 04/02/2025

A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.