Top stories this week:
Taiwan Busts $1Bn Macau Casino Laundering Ring | Court Strikes Down FinCEN’s Real Estate Ownership Reporting Rule
Welcome to this week's edition of the KYC Roundup, your gateway to the most impactful developments in the world of Anti-Money Laundering (AML) and financial crime. In the AML arena, Taiwan busts a $1bn Macau casino laundering ring, while a federal judge strikes down FinCEN’s real estate ownership reporting rule.
In the fast-paced world of sanctions, the UK imposes sanctions against Southeast Asian scam centres.
In the corruption space, the European Parliament passes a harmonised EU anti-corruption law.
We round off this week’s roundup with our “Blueprint for a Successful KYC Remediation Project in Banking.”
KYC & AML
Taiwan busts $1bn Macau casino laundering ring
Prosecutors in Taiwan have indicted 10 people in a $1.03 billion money laundering scheme. A prominent gambling fugitive linked to the case was assassinated in Cambodia on the same day.
Court strikes down FinCEN’s real estate ownership reporting rule
A federal judge in Texas has struck down a Treasury rule requiring companies buying US homes with cash to disclose their beneficial owners, ruling that FinCEN exceeded its authority under the Bank Secrecy Act.
FCA grants internal data access to Palantir
The UK’s Financial Conduct Authority (FCA) has awarded Palantir a 12-week contract to analyse internal data to help combat financial crime, prompting MPs to question whether the US firm could access sensitive regulatory intelligence.
China proposes tougher penalties in overhaul of financial oversight
China has proposed legislation that would increase penalties for fraud and strengthen AML supervision across the financial sector, described as the country’s first foundational law governing the entire financial system.
FCA launches AML investigation into collapsed lender MFS
The FCA has opened an enforcement investigation into Market Financial Solutions (MFS), the London-based mortgage lender that collapsed into administration in February 2026 owing creditors an estimated £1.3 billion.
Sanctions
UK imposes sanctions against Southeast Asian scam centres
The UK has sanctioned the operators of “#8 Park”, believed to be Cambodia’s largest scam compound with capacity for 20,000 trafficked workers, alongside Xinbi, a major Southeast Asian crypto marketplace used to sell stolen personal data to fraudsters.
Corruption
European Parliament passes harmonised EU anti-corruption law
The European Parliament has adopted a new anti-corruption directive establishing common criminal definitions for offences including bribery, trading in influence, illicit enrichment, and private-sector corruption, alongside harmonised sentencing rules.
KYC360 News
Guide: Blueprint for a Successful KYC Remediation Project in Banking
KYC remediation projects are a recurring reality for banks. Whether triggered by regulatory pressure, an acquisition, or a data quality gap, they can often run over budget and be resource intensive. This guide breaks down the key steps to planning and running a successful project, from scoping and governance through to building the right long-term controls.
Your latest weekly update from the worlds of money laundering, legislation and regulation, sustainability, gaming and gambling, crypto and sanctions.
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