Category: AML

Regulatory Watch News

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  Former NCA “number one target” jailed for supplying thousands of boats to Channel people smugglers

  National Crime Agency

  January 8, 2026

  A man who supplied thousands of boats and engines to people smugglers operating in the English Channel has been jailed, following a joint operation involving the National Crime Agency and Belgian authorities. Turkish national Adem Savas, 45, admitted offences of people smuggling and being a member of an organised crime group on 3 December following a hearing at a court in Bruges. The same court today sentenced him to 11 years in prison, and a fine of 400,000 euros. Three co-defendants were given sentences totalling 38 years.

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  Scam alert related to banks

  HKMA

  January 8, 2026

  The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to the press releases issued by the banks listed below relating to fraudulent websites, internet banking login screens, phishing emails or other scams, which have been reported to the HKMA.  Hyperlinks to the press releases are available on the HKMA website.  

  Bank	Type of Scam
  The Bank of East Asia, Limited	Fraudulent websites and internet banking login screens
  Chong Hing Bank Limited	Fraudulent websites and internet banking login screens

   

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  Publication of 2024-25 APG Annual Report

  APG

  January 8, 2026

  The Asia/Pacific Group on Money Laundering has published its 2024-25 Annual Report outlining the APG’s activities, achievements and financial performance over the past 12 months. The report highlights APG’s work supporting member jurisdictions in strengthening anti-money laundering and counter terrorism financing frameworks, promoting the implementation of FATF standards and responding to emerging and evolving financial crime risks across the Asia/Pacific region. APG Executive Secretary, Dr Chris Black, said “This year’s Annual Report demonstrates the continued commitment of all APG members to improving AML/CFT effectiveness in a complex and changing risk environment. Through cooperation and engagement with our partners, the APG remains focused on protecting the integrity of the regional and global financial system.”