Showing 1 - 10 of 4,808
Money laundering regulation revised
Business, Phusadee Arunmas, Published on 09/04/2025
» The Department of Business Development (DBD) and the Anti-Money Laundering Office (Amlo) have amended the Anti-Money Laundering Act of 1999, which empowers authorities to seize and freeze assets linked to both Thai and foreign individuals engaged in nominee businesses and unauthorised foreign operations.
An 'inconvenient truth' about money laundering
Business, Jarek Jakubcek, Published on 20/10/2022
» The cryptocurrency industry is far from perfect, but it has grown by leaps and bounds over the past three years. Crypto is a completely new innovation. And just like many regulators and policymakers, we in the industry are still working through what an appropriate regulatory framework should look like.
Finansia X rejects money laundering claim
Business, Published on 15/11/2025
» The SET-listed investment bank Finansia X (FSX) has denied allegations that the company and its executives are linked to a money laundering network, saying such media reports are false.
Is USDT used for money laundering?
Business, Nuntawun Polkuamdee, Published on 09/11/2024
» At the peak of investigations into iCon Group's alleged fraud late last month, the Anti-Money Laundering Office checked the money trail of 247 million USDT, a cryptocurrency, worth more than 8 billion baht, suspecting the direct sales firm laundered funds through the popular stablecoin.
US closes key money-laundering, tax evasion channel
AFP, Published on 03/01/2021
» WASHINGTON: A major avenue for global money laundering and tax evasion has been closed off by a new law requiring disclosure of owners of US shell companies used to hide billions of dollars.
Singapore fines StanChart $4m over money laundering breaches
Reuters, Published on 19/03/2018
» SINGAPORE: Singapore's central bank imposed penalties of S$5.2 million (US$3.95 million) on Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) (SCTS) for breaching money laundering rules and terrorism financing safeguards.
India's Yes Bank founder arrested on money laundering allegations
AFP, Published on 08/03/2020
» MUMBAI - The founder of India's Yes Bank was arrested on allegations of money laundering Sunday, amid efforts to formulate a rescue plan for the country's fourth-largest private lender.
Australian bank to pay record fine for money laundering
AFP, Published on 24/09/2020
» SYDNEY: Australia's Westpac bank has agreed to pay a record A$1.3 billion (US$923 million) fine for more than 23 million breaches of money-laundering laws, the bank and regulators announced on Thursday.
Singapore bank sues money laundering suspect for $15 million
Bloomberg News, Published on 01/12/2023
» SINGAPORE - Oversea-Chinese Banking Corporation (OCBC) has sued a suspect involved in Singapore's biggest money laundering case, marking the first known case of a lender in the city-state taking action to recover losses.
NY fines UAE's largest bank over lax money-laundering safeguards
AFP, Published on 11/10/2018
» NEW YORK: New York state financial regulators on Wednesday fined the Dubai-based Mashreqbank $40 million, saying it cleared millions of high-risk transactions with scant safeguards against money laundering and terrorism finance.