Compliance

The limited ability of UK banks to access Anthropic's advanced artificial intelligence model, Mythos, has intensified concerns over Britain's dependence on foreign technology and highlighted the need for the country to accelerate the development of its own AI capabilities. Harriet Rees, Chief Information Officer at Starling Bank and the government's appointed "AI champion" for the banking sector, said the situation demonstrates why the UK must take a long-term strategic appro

Chinese and Philippine law enforcement agencies have arrested and repatriated a Chinese fugitive suspected of masterminding a cross-border criminal network involved in online gambling and telecommunications fraud, according to the Chinese embassy in Manila. In a statement published on its official WeChat account on July 15, the embassy identified the suspect only by the surname Lin. Xinhua also reported the announcement. Authorities did not disclose the suspect’s full name

Thailand’s Cyber Crime Investigation Bureau (CCIB) has arrested 12 individuals accused of operating an online gambling and money laundering network, following a series of coordinated raids in Bangkok, Samut Prakan and Tak provinces that resulted in the seizure and freezing of assets worth more than THB13 million ($388,000). The arrests were announced during a press conference held at the CCIB headquarters in Muang Thong Thani on Monday, led by Deputy CCIB Commissioners Pol. M

The United States has launched one of its most extensive sanctions actions against Iran's maritime trade infrastructure by blocking all property and interests in property belonging to more than 50 individuals, companies, and vessels connected to the sprawling shipping network controlled by Mohammad Hossein Shamkhani. The enforcement action is designed to dismantle the financial and logistical architecture that has enabled illicit Iranian oil exports while supporting activitie

South Korean authorities have extradited and formally charged a man in his 30s who is accused of orchestrating an illegal online gambling network that allegedly processed wagers totaling KRW10.3 trillion (approximately $7.5 billion). The suspect's return marks his first time back in South Korea in more than a decade after years spent evading law enforcement overseas. The Daegu Metropolitan Police Agency announced on Tuesday that the suspect, identified only by the surname i

Australia has introduced sweeping reforms to its anti-money laundering and counter-terrorism financing framework, with AUSTRAC significantly broadening its regulatory oversight to include several professional service industries that were previously outside the scope of the regime. Effective from July 1, 2026, the revised legislation requires legal practitioners, accountants, conveyancers, real estate agents, and precious metals dealers to implement comprehensive internal syst

Italy's financial intelligence framework reached an unprecedented milestone during the first six months of 2026, reflecting a sharp expansion in anti-money laundering oversight as authorities respond to increasingly sophisticated financial crime risks. According to the latest statistical analysis released by the Banca d'Italia's Unità di Informazione Finanziaria (UIF), the country registered the highest number of suspicious transaction reports ever received during a single si

A former chief financial officer of the international media organization Epoch Times is facing a possible sentence of up to ten years in federal prison along with a financial forfeiture totaling approximately 67 million dollars after pleading guilty to federal criminal charges. The executive acknowledged directing an extensive financial operation that concealed the origins of tens of millions of dollars in illegally obtained proceeds. According to prosecutors, the sophisticat