UNODC’s latest threat assessment argues that Southeast Asia’s organised crime economy now functions less as a collection of national ecosystems than as a single franchised network. FATF, by contrast, continues to assess jurisdictions individually. For banks, that gap is not academic: a control built to flag one jurisdiction at a time cannot see a network that was built to ignore borders.
An Organised Crime Economy That Ignores Borders
On 22 June 2026, the Wolfsberg Group’s twelve member banks published updated risk-based approach guidance. For compliance leaders still running jurisdiction-wide checklists, it is a direct instruction to stop.
Vanguard, Blackstone, UBS and Morgan Stanley clear final hurdle for Vietnam market entry, Philippines urged to fix structural issues as FDI ranks sixth in ASEAN, Malaysia tells investors to build local, Indonesia locks in $2.3 billion coal–to–methanol project, and Thailand targets green manufacturing hub status.
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