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Anti-Money Laundering

South Asian Nations to Target Financial Crime in Wildlife Trafficking Pact

By Nithya Subramanian | 16/09/2026

Eight nations have adopted the Kathmandu Declaration, pledging to use financial investigations, AML measures and asset recovery to combat illicit wildlife trade.

Fraud, Scams & Cybercrime

Singapore Tests Cross-Bank AI for Real-Time Scam Detection

By Nithya Subramanian | 15/09/2026

MAS is collaborating with banks and law enforcement to test AI models on shared data for faster fraud intervention and has issued new risk management guidelines.

PEPs & Sanctions

US Sanctions Russias VTB Bank for Facilitating Iran Sanctions Evasion

By Manesh Samtani | 15/09/2026

The designation of Russia's VTB Bank puts its Asian operations in the spotlight and serves as a warning to other financial institutions.

Fraud, Scams & Cybercrime

Singapore Enacts Anti-Scam Law, Adds Account Freeze Powers

By Nithya Subramanian | 15/09/2026

New legislation grants police powers to order information disclosure and account disabling from banks and telcos, while hiking fines for non-compliant online platforms to SGD 10 million.

Hong Kong’s Hedge Fund Sector Regains Ground

By Blake Evans-Pritchard | 15/09/2026

Tax reforms, stronger equity-market activity and renewed interest in China strategies are boosting Hong Kong’s appeal while Singapore remains a strong alternative for managers seeking stability and diversification.

Fraud, Scams & Cybercrime

RBI Proposes New SOP for Freezing Suspected Mule Accounts

By Nithya Subramanian | 14/09/2026

A new time-bound procedure for placing temporary debit holds on accounts linked to cyber fraud and money mule has been proposed.

Resolution & Recovery

MAS Outlines Approach to Financial Institution Resolution

By Nithya Subramanian | 14/09/2026

The updated monograph details the regulator's crisis management approach, resolution toolkit, and funding arrangements, with a focus on protecting financial stability and minimising taxpayer loss.

Anti-Money Laundering

BOT, Financial Sector Join Forces to Fight Illicit Finance

By Editors | 14/09/2026

The central bank and 11 industry bodies have launched a new framework to strengthen defences, enhance data sharing, and create "bottlenecks" for criminal proceeds.

AI Risk & Governance

FSA Japan to Deploy AI in Supervision, Shift Focus to Business Viability

By Editors | 14/09/2026

AI will be used to free up staff for on-site inspections as it moves away from a compliance checklist approach, FSA Commissioner Toyo Ito said.