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Financial institutions must shift to data-driven, risk-based compliance as crime goes digital and crosses borders. Labuan FSA warns that understanding customers matters more than paperwork, while emphasizing balanced regulation.
Malaysia's anti-corruption agency has arrested the secretary and treasurer of a non-governmental organisation in connection with an alleged RM5 million money laundering operation.
A Singapore corporate services provider has been sentenced to 32 weeks in jail for falsifying financial records for shell companies connected to the country's largest money laundering scandal worth S$3 billion.
Fertiliser manufacturer Cropmate Bhd announced that the Malaysian Anti-Corruption Commission has lifted restrictions on all previously frozen bank accounts belonging to the company and its subsidiaries, ending a freeze imposed in late April.
A former company director has been sentenced to five years imprisonment after being found guilty of operating an unlicensed fund management business and money laundering activities that defrauded six victims of over RM1.2 million.
The Federal Court has acquitted Muar MP Syed Saddiq of four charges involving criminal breach of trust and money laundering linked to Armada funds. His engagement to actress Bella Astillah now proceeds unencumbered.
Brunei has imprisoned an Indian national for more than two years after he pleaded guilty to handling BND230,000 in criminal proceeds. The case highlights cross-border money laundering networks operating in Southeast Asia.
Singapore authorities have charged four individuals in connection with an elaborate gold smuggling operation that used signal converters as concealment. The scheme involved VAT fraud targeting Chinese authorities and money laundering through regional trade networks.
Thai authorities have arrested a hospital officer and district official over an alleged scheme enabling Chinese nationals to register their children as Thai citizens using fake fathers, uncovering at least 164 suspicious cases and connecting the scam to broader money-laundering networks.
The Malaysian Anti-Corruption Commission has initiated a formal investigation into overseas properties valued at RM59 million following fresh allegations of connections to the controversial 1MDB scandal.
The owner of a popular Singapore eatery faces 30 charges including tax evasion and money laundering. Authorities allege he concealed income and GST liability while acquiring luxury assets.
A former officer of the Islamic Dakwah Foundation Malaysia (Ikram) has been charged with laundering RM18 million through luxury car purchases, including a Mercedes-Benz AMG S63 and Porsche 911 Turbo S.
Nepali authorities have arrested former finance minister Bishnu Prasad Paudel on money laundering allegations, marking an intensified crackdown on corruption by the nation's younger generation leadership.
Indonesia's parliament has enacted legislation protecting buyers of Danantara sovereign wealth fund bonds from prosecution, prompting warnings from economists and legal scholars that the arrangement could facilitate money laundering and tax evasion.
The High Court has rescheduled the appeal hearing of Otman Arshad, a former senior Youth and Sports Ministry officer, to September. Arshad faces 32 charges of abuse of power and 64 money laundering charges. The judge warned against further delays.
The courts will hear high-profile cases involving former Felda chairman Datuk Seri Mohd Isa Abdul Samad's corruption conviction review and former army chief Tan Sri Muhammad Hafizuddeain Jantan's money laundering proceedings.