Financial Action Task Force

PEPs & Sanctions

MAS Releases Paper to Strengthen Singapore’s Defences Against PF Risk

By Nithya Subramanian | 26/03/2025

The paper provides guidance on PF risks and typologies, risk assessment methodologies, mitigation strategies, and AI-driven detection solutions.

Anti-Money Laundering

Gambling Sector Remains in AUSTRAC’s Gunsights, As Court Looms for Star

By Nathan Lynch | 26/03/2025

AUSTRAC will continue to target gambling companies where “the risk has been large and the responsibility has been negligent.”

Structural Regulation

SC Malaysia Outlines 2025 Plans to Strengthen the Capital Market

By Nithya Subramanian | 24/03/2025

The SC will develop its next capital market masterplan, advance ACMF initiatives, and prepare for FATF and CG Watch assessments.

Anti-Money Laundering

New Zealand’s Latest Risk Assessment Will Trigger AML/CFT Programme Reviews

By Nathan Lynch | 20/03/2025

New Zealand’s latest National Risk Assessment should act as a trigger for organisations to review their risk assessments, internal systems and controls, writes Nathan Lynch.

Anti-Money Laundering

Sri Lanka Hires Former APG Official to Help Identify AML/CFT Gaps

By Nithya Subramanian | 19/03/2025

Former APG Executive Secretary Gordon Hook will help identify gaps, particularly in licensed banks, in preparation for Sri Lanka’s next mutual evaluation in 2026.

Fraud, Scams & Cybercrime

FATF Releases Report on Online Child Sexual Exploitation

By Nithya Subramanian | 17/03/2025

The report discusses how criminals exploit digital platforms, encrypted messaging, and financial systems to profit from child abuse.

Anti-Money Laundering

KoFIU Says FIs are Not Meeting Obligations on AML Education

By Thisanka Siripala | 11/03/2025

KoFIU said many executives and board members of FIs are not meeting the recommended six-hour minimum AML training requirement.

Trade Based Money Laundering

Asian Countries Taking on Trade-based Money Laundering Challenge

By Nathan Lynch | 10/03/2025

Nathan Lynch looks into the perennial challenge of TBML and the tools that Asian countries are deploying in response.

Anti-Money Laundering

APG is Facing “Significant Resource Challenges”

By Thisanka Siripala | 06/03/2025

The APG says in its new strategic plan that there aren’t enough experienced and effective assessors to participate in mutual evaluations.