Keyword: "money laundering"

The suspects were reportedly part of a crime ring operating under foreign direction.

The Malaysian Anti-Corruption Commission (MACC) has launched an investigation into former Prime Minister Datuk Seri Ismail Sabri Yaakob over allegations of corruption and money laundering.

The following is a brief review of the day’s events as reported by the Vietnam News Agency.

Deputy Prime Minister Ho Duc Phoc on December 12 urged ministries and sectors to do their utmost to implement the Financial Action Task Force (FATF)’s 17 recommendations to lift Vietnam out of its list of Jurisdictions under Increased Monitoring (grey list) related to money laundering.

Vietnam’s property sector remains vulnerable to money laundering with the risks high in the sector, according to the latest report by the State Bank of Vietnam (SBV).

Singapore reported on June 26 that it has seized 6 billion SGD (4.4 billion USD) linked to crime and money laundering since 2019.

As a business, financial and trade hub, Singapore is vulnerable to being misused as a conduit to launder illicit funds derived from fraud committed abroad, said the Singapore’s Money Laundering National Risk Assessment (ML NRA).

The Hanoi People’s Court on May 15 opened the first instance trial for 21 members of a transnational money laundering ring.

Indonesian President Joko Widodo on April 17 called on the Financial Transaction Reports and Analysis Center (PPATK) and related ministries to remain alert to new methods of money laundering, including those involving the cryptocurrency market.

A Singaporean court sentenced Cambodian national Su Wenqiang to 13 months in jail after he pleaded guilty on April 2 to money laundering.

The Government has assigned the Ministry of Finance to research and develop a legal framework to ban or regulate crypto assets in May 2025 with an aim to combat money laundering.

Deputy Prime Minister Le Minh Khai on February 23 signed a decision promulgating the national action plan to implement the Government's commitment to prevent and combat money laundering, terrorist financing, and financing of the proliferation of weapons of mass destruction.

The State Bank of Vietnam (SBV) has issued a document requesting compliance with regulations on money laundering and terrorism financing prevention and control.

Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal that has rocked the city-state.

Singapore will form an inter-ministerial panel to review its anti-money laundering regime and draw lessons from its recent crackdown on one of the largest money laundering cases, said Singapore's Second Minister for Home Affairs Josephine Teo on October 3.

Singaporean media on September 20 reported local police have seized or frozen more than 1.76 billion USD worth of assets in one of the biggest money laundering cases ever uncovered in the city-state.

Thai police on March 22 announced that they had arrested 20 suspects, including five Indians and 15 Thais, for alleged involvement in a phone scam network preying on elderly Americans.

Prime Minister Pham Minh Chinh has signed Decision No. 64/QD-TTg dated February 8, 2023, promulgating the regulations on coordination among ministries, ministerial-level agencies, and governmental agencies in prevention and control of money laundering and terrorist financing.

The National Assembly (NA) adopted the revised Law on Money Laundering Prevention and Control and a resolution on promoting the implementation of policies and law on thrift practice and wastefulness prevention on November 15.

The draft revised laws on land, money laundering fight, and cooperatives and a bill on civil defence are under consideration at the ongoing fourth session of the 15th National Assembly (NA) on November 1.