Featured Myanmar

Criminals use real estate transactions in PH to wash dirty money — anti-money laundering body

Criminals are using real estate transactions to launder dirty money in the Philippines, a top official of the Anti-Money Laundering Council revealed. AMLC Executive Director Atty. Mel Racela confirmed this during a Senate hearing on Wednesday after lawmakers asked him why real estate developers and brokers should report cash transactions… Read More

Company ownership secrecy prevails in Southeast Asia, UN report says

Southeast Asian countries are lagging behind in the adoption of registries with information on companies’ true owners, a tool deemed crucial to fight corruption, money laundering and terrorism financing, according to a report by the United Nations Office on Drugs and Crime. “While transparency in the banking sector is… Read More

Chinese casino kingpin behind new Mekong Port to serve Golden Triangle SEZ in Laos

A developer owned by a controversial Chinese casino mogul the U.S. has designated a transnational crime boss is building a new port on the Mekong River in Laos near the Golden Triangle Special Economic Zone, the latest Chinese-backed infrastructure project in the country, sources in Laos told RFA. Featured prominently… Read More
30th September 2020
Britain’s Foreign Minister Dominic Raab has confirmed that his government is open to the possibility of imposing sanctions against officials involved in Hong Kong’s affairs under its Global Human Rights (GHR) regime. In a letter to an MP this month, Raab condemned the disqualification of 12 pro-democracy hopefuls from standing… Read More
11th September 2020
Fraudsters in Europe are increasingly targeting European Union funds intended for environmental and sustainable projects. It came as the bloc planned to unlock €1 trillion in green investments over the coming years. In its latest report released on Thursday, the European Anti-Fraud Office (OLAF) said that it concluded 181 investigations… Read More
10th July 2020
The Kremlin has said it will impose retaliatory sanctions on the UK after Dominic Raab announced Magnitsky Act-style measures against individuals in Russia, Saudi Arabia, Myanmar and North Korea. Britain’s post-Brexit sanctions, which are designed to stop the laundering of “blood money”, targeted 20 Saudis and 25… Read More
8th July 2020
The UK is imposing sanctions on 49 people and organisations behind the most “notorious” human rights abuses of recent years. Individuals implicated in the death of Russian lawyer Sergei Magnitsky in 2009 will have their UK assets frozen and banned from entering the country. And Saudi Arabian officials involved in… Read More
26th June 2020
AP — Police in Thailand say they have broken up a money-laundering ring that transferred a total of 10 billion baht ($323 million), much of it linked to drug trafficking. A Chinese businessman arrested in Bangkok, Qaing Ma, is believed to be a key figure in the operation, police Maj. Read More
10th June 2020
Myanmar traders in northern Shan state said Tuesday that their cross-border business has been stymied by Chinese authorities who abruptly froze bank accounts at Chinese financial institutions after suspecting that some of their clients had engaged in illegal activities in Yunnan province. Many Myanmar traders have Chinese bank accounts to… Read More
22nd May 2020
The Yangon Stock Exchange (YSX) and six securities companies were requested by the regulator to beef up their compliance and disclosure in line with its anti-money laundering regulations. The Securities and Exchange Commission (SECM), in a May 18 announcement, identified “insufficient information collection and reporting procedures” for both the bourse… Read More
18th May 2020
Illicit drug markets in the Asia-Pacific continue to expand and diversify and appear to be largely unaffected by the coronavirus outbreak, the United Nations said on Friday. The production of methamphetamine, the most popular drug in the region, continues to hit record highs while prices fall to new lows in… Read More
7th May 2020
The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show. One document, expected to be published on Thursday, adds Panama and other countries… Read More
10th April 2020
A lawyer representing a Myanmar businessman on Thursday threatened to file a complaint against a team of highway police for allegedly abusing their authority and illegally detaining two Myanmar suspects who were arrested for smuggling Thai currency into the country without declaring it to customs. Ananchai Chaidej, who represents an… Read More