UK imposed sanctions on four individuals linked to Cambodia's Prince Group, freezing London properties worth tens of millions. The individuals are suspected of operating scam centers built on forced labor and human trafficking.
MAS issued Prohibition Orders against Mr Wang Qiming (16-year prohibition) and Mr Liu Kai (7-year prohibition), former relationship managers convicted of charges connected to Singapore's major money laundering case of August 2023 involving S$3 billion ($2.3 billion) in illicit assets.
Singapore Police and MAS jointly conducted enforcement operations against Capital Asia Investments Pte Ltd and its directors for suspected money laundering offences and failure to comply with AML obligations. Police seized more than S$160 million of assets in bank and securities accounts.
The Luxembourg financial regulator CSSF fined Japanese-owned Rakuten Europe Bank €185,000 for breaches of AML rules. The CSSF said the bank showed long-standing weaknesses in its anti-money laundering controls.
Li Gang, former head of a powerful Party oversight team within China's Organization Department responsible for policing Party discipline, was arrested for allegedly accepting bribes worth more than 102 million yuan ($14.44 million).
ICIJ's Coin Laundry investigation revealed major cryptocurrency exchanges (Binance, OKX, Coinbase, Kraken, Bybit, Kucoin) moved billions in illicit funds.