Regulatory source: U.S. Department of the Treasury press release and OFAC recent action notice New U.S. sanctions widened the Prince Group action On 23 June 2026, the U.S. Department of…
BNM fines AEON Credit RM520,000 for targeted financial sanctions breaches
Bank Negara Malaysia (BNM) announced on 24 June 2026 that it had imposed an Administrative Monetary Penalty of RM520,000 on AEON Credit Service (M) Berhad for breaches of targeted financial…
FATF June 2026 Plenary: what the grey list means for Southeast Asia due diligence
The Financial Action Task Force (FATF) Plenary met in Paris from 17 to 19 June 2026 and published updated statements on high-risk and monitored jurisdictions. For businesses operating across Southeast…
MAS Padang Trust penalty highlights the need for practical AML controls
The Monetary Authority of Singapore (MAS) announced on 25 May 2026 that it had imposed a S$300,000 composition penalty on Padang Trust Singapore Pte. Ltd., a licensed trust company, for…
FATF and APG Singapore review highlights fraud, beneficial ownership and proliferation financing risks
The Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) published Singapore’s 2026 mutual evaluation on 6 May 2026. The report is useful beyond Singapore because FATF…
Bank Negara Malaysia fines Zurich over sanctions screening database failures
Bank Negara Malaysia’s recent action against Zurich Malaysia is a useful reminder that sanctions screening is not only about running a name check once. It is about using current lists…
Thailand SEC enhanced KYC/CDD standards point to stronger regional financial crime controls
Thailand’s Securities and Exchange Commission announced on 8 April 2026 that it was preparing enhanced KYC/CDD standards for securities and derivatives business operators. The proposed measures sit within a wider…
Cambodia NBFSA Prakas No. 009 reinforces AML/CFT obligations for non-bank financial sectors
On 28 January 2026, Cambodia’s Non-Banking Financial Services Authority issued Prakas No. 009 on disciplinary sanctions for trust-sector reporting entities that fail to comply with AML/CFT obligations. The Prakas was…
