As of September 2025, the central bank proposed cutting and simplifying 124 out of 298 administrative procedures, representing 41.6 per cent of the total. This initiative has reduced processing time by hundreds of days and saved more than VNĐ7.6 billion in costs. The State Bank of Vietnam (SBV) announced that it has cleaned up 154 million bank accounts and flagged nearly 300,000 customers for suspected fraud, blocking transactions worth a combined VNĐ1.5 trillion (US$56.9 mil

Georgian authorities are currently investigating more than $624 million and €35 million which were laundered through an elaborate criminal scheme that spanned at least two years. According to the Prosecutor’s office, the discovery which counts as one of the largest cases of financial crime in the country’s history, involved a network that operated between 2022 and 2024, disguising illicit cash flows through a licensed currency exchange point.  It said that foreign currency wa

On September 9th, Yunfeng Securities Co., Ltd. recently received approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade its existing securities trading license (Type 1 license) to provide virtual asset trading services. This financial platform, closely linked to the "Jack Ma faction," has not only entered the compliant digital asset channel, but its parent company, Yunfeng Financial ( 00376.HK ), has also previously disclosed its purchase of approximat

According to the FATF’s 2025 Targeted Update on the Implementation of the FATF Standards on VA and VASPs, although there has been some progress with compliance, many jurisdictions still struggle with the implementation of some of the fundamental requirements of R.15, particularly undertaking a risk assessment on VA/VASP [30]. When undertaking a risk assessment related to VA/VASPs, countries should consider how VASPs differ to traditional financial institutions (FIs), and how

HM Treasury invites feedback on amendments to the UK’s Money Laundering Regulations; consultation closes 30 September 2025. Documents The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note PDF, 161 KB, 18 pages The draft Money Laundering and Terrorist Financing (Amendment and Miscellaneous Provision) Regulations 2025 - Policy note HTML Draft SI: The Money Laundering and Terrorist Financing (Amendment and Misce

Tolhurst Fisher LLP has been fined £120,000 and ordered to pay £25,290 in costs after admitting a series of anti‑money laundering (AML) ...

The court in Groningen sentenced former Jumbo CEO Frits van Eerd to two years in prison on Thursday. The court convicted him of money...

A US appeals court overturned Nathaniel Chastain’s 2023 convictions for wire fraud and money laundering related to NFT insider trading at...