News and Articles

AML/CFT Case Study: Money Laundering Through Gold Bars and Trade – Vulnerabilities and Risk Mitigation for DNFBPs

In a recent landmark case, Singapore authorities sentenced South Korean national Kim Taek Hoon to 5 years’ imprisonment for orchestrating a sophisticated money laundering operation involving over SG$1.55 billion (approximately USD1.15 billion) in illicit funds. Between 2014 and 2017, Kim...

Navigating AML/CTF Compliance in Australia: A Guide for Tranche 2 Entities Under the Amendment to the AML/CTF Act Effective 2026

Australia’s AML/CTF regime has evolved with the Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Bill 2024, passed in December 2024. The legislation amends the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 to align Australia’s AML/CTF framework with the global standards...