NEWS: Chinese state-linked gangs using students as ‘money mules’

Regulatory Watch News

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  Marking 10 years of OFSI: partnership, progress and the future of financial sanctions

  OFSI

  May 11, 2026

  At the end of April, OFSI marked its 10th birthday by hosting an international conference on financial sanctions at HM Treasury, bringing together partners from across government, industry and international organisations. Thank you to everyone who attended and contributed to the discussion. 

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  AMLA holds public hearing to consult on Draft RTS for Home-Host Supervisory Cooperation

  AMLA

  May 11, 2026

   

  Building the framework for cross-border supervisory cooperation

  The draft RTS address supervisors of groups of obliged entities operating across borders in the financial and non-financial sectors, and form part of a broader cooperation framework that also includes AML/CFT supervisory colleges and cooperation guidelines. They specify the respective roles of home and host supervisors and establish practical arrangements for effective day-to-day cooperation.

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  Singapore’s measures to counter money laundering, terrorist financing and proliferation financing

  FATF

  May 8, 2026

  The Financial Action Task Force (FATF) and Asia/Pacific Group on Money Laundering (APG) mutual evaluation of Singapore assessed the effectiveness of the country’s anti-money laundering, countering terrorist financing and proliferation financing (AML/CFT/CPF) measures, and their level of compliance with the FATF Recommendations, at the time of an on-site visit in July 2025. The assessment found that Singapore’s financial crime challenges are being met by a competent and coordinated regime that is willing to try new solutions to meet illicit finance challenges of today. There have been some successes in Singapore’s fight against financial crime, but their AML/CFT/CPF system must be sharper in producing demonstrable and consistent risk-based results.