Money Laundering

NBR Implements Advanced Customs Risk Management Regulations for 2025
Regulatory & Compliance NBR Implements Advanced Customs Risk Management Regulations for 2025

The National Board of Revenue (NBR) is set to transform customs operations with the release of the 'Customs Risk Management Regulations, 2025'. The regulation is a major leap forward in countering economic risks and curbing financial crimes like money laundering and terrorism financing.

March 10, 2025
Why Was Amirruddin Nin's Conviction Upheld by the Court of Appeal?
Regulatory & Compliance Why Was Amirruddin Nin's Conviction Upheld by the Court of Appeal?

In an intriguing turn of events in the ongoing battle against financial crime, the Court of Appeal has upheld the conviction and sentencing of Amirruddin Nin. Amirruddin, the director of CTB Solutions Sdn Bhd, faced serious accusations related to his noncompliance during a critical money laundering

March 6, 2025
Top Anti-Money Laundering Software Solutions to Watch in 2025
Regulatory & Compliance Top Anti-Money Laundering Software Solutions to Watch in 2025

In the face of increasingly sophisticated financial crimes and stringent regulatory requirements, businesses must adopt advanced technologies to ensure robust compliance and prevent money laundering. This article delves into the leading anti-money laundering (AML) software solutions available in

February 14, 2025
Why Did AML Fines Soar in 2024 Across Multiple Sectors?
Regulatory & Compliance Why Did AML Fines Soar in 2024 Across Multiple Sectors?

The year 2024 witnessed a significant surge in anti-money laundering (AML) fines across various industries. This increase in penalties underscores the growing regulatory focus on combating financial crime and ensuring compliance with AML and countering the financing of terrorism (CFT) regulations.

February 6, 2025
Why Did Digital Bank Fraud Peak in 2024?
Regulatory & Compliance Why Did Digital Bank Fraud Peak in 2024?

The alarming rise in digital bank fraud in 2024 has left the financial industry grappling to understand the underlying causes and implement effective countermeasures. According to the 2025 Digital Identity Fraud in Africa Report by Smile ID, digital bank fraud reached an unprecedented 35%, a

February 3, 2025
Is Canada’s Economy at Risk from Addressing Money Laundering Issues?
Regulatory & Compliance Is Canada’s Economy at Risk from Addressing Money Laundering Issues?

Canada is facing a significant economic dilemma. The country must decide whether to address transnational organized crime and money laundering to avoid 25% tariffs threatened by the United States. This decision could have profound economic consequences, potentially leading to a downturn similar to

February 3, 2025
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