The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) has intensified its oversight of the Canadian real estate sector, issuing a series of administrative monetary penalties (AMPs) to brokerages failing to meet federal anti-money laundering (AML) and anti-terrorist financing obligations. These enforcement actions highlight critical gaps in compliance, ranging from inadequate record-keeping to failures in reporting suspicious transactions. As the regulator

European financial institutions face mounting pressure to enhance anti-money laundering (AML) and counter-terrorist financing (CFT) compliance as the new EU AML package takes effect. With the Anti-Money Laundering Authority (AMLA) now operational, regulators emphasize urgent action to meet 2027 deadlines. Rise of AMLA and Regulatory Shift The Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), based in Frankfurt, assumed full AML/CFT responsi

AUSTRAC has launched two targeted supervisory campaigns into Australia’s virtual assets sector, as landmark Australian anti-money laundering reforms reshape how virtual asset businesses are regulated. AUSTRAC’s campaigns focus on virtual asset service providers (VASPs), previously known as digital currency exchanges (DCEs), offering over-the-counter crypto to cash (or vice versa) services, and local exchanges operating in Australia. AUSTRAC Chief Executive Officer Brendan Tho

Two local women were convicted of "dealing with property known or believed to represent proceeds of indictable offence" (commonly known as money laundering) of about HK$280 million of proceeds of crime by means of cross-boundary transportation of large quantities of cash to Hong Kong, in contravention of the Organized and Serious Crimes Ordinance (OSCO), and were sentenced to 58 months' and 36 months' imprisonment respectively at the District Court today (May 7). This is the

The Securities and Futures Commission (SFC) has obtained disqualification orders with durations of up to 33 months in the Court of First Instance against four former directors of China Candy Holdings Limited (China Candy) over their negligence in failing to uncover the overstatements in the company’s financial records and in discharging their duties as directors (Notes 1 and 2). The four former directors of China Candy named in the SFC’s legal proceedings are: Ms Li Yuna and

The Securities and Futures Commission (SFC) has commenced legal proceedings in the Court of First Instance against Mr Wong Ho Yin, a former director of China Automotive Interior Decoration Holdings Limited (China Automotive) and its subsidiary Giant Faith Holdings Limited (Giant Faith), and Ms So Lung Ying, the former general manager of Giant Faith, for alleged breaches of fiduciary duties involving purported fictitious transactions and wrongful payments (Notes 1 to 3). The S

Vixio is drawing attention to the widening scope of its regulatory intelligence coverage as payments firms, banks, fintechs, and compliance teams contend with a growing volume of obligations across global markets. The company says its platform now helps users monitor regulatory change across more than 200 jurisdictions, with coverage spanning payments rules, AML, KYC, sanctions, licensing, consumer protection, and fraud-related requirements. The development reflects a broader

Foster & Milroy, a law firm based in Hamilton, New Zealand, has admitted to multiple breaches of the Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT) Act. The firm was fined $60,000 following a court ruling that described the violations as “prolonged, intentional, and systemic.” These offences occurred between March 2022 and March 2025, spanning three years of non-compliance. The Department of Internal Affairs (DIA), New Zealand’s AML/CFT supervisor, led

The UK’s Financial Conduct Authority (FCA) has launched its first coordinated crackdown on illegal peer‑to‑peer (P2P) cryptocurrency trading, targeting eight premises across London in a move that signals a tougher enforcement stance on unregistered crypto activity. The operation, carried out on April 22, 2026, marks the regulator’s debut mult‑agency sweep against P2P crypto traders and underlines how the FCA is prioritising anti‑money‑laundering (AML) and counter‑terrorist‑fi