AML / KYC

Enforcement

South Korea Crypto CEO Gets Second Jail Term for Fraud

By Editors | 06/08/2025

The head of the collapsed Bitsonic exchange has been convicted of a new fraud scheme while already serving a seven-year sentence for a larger case of market manipulation.

Fintech / Regtech

Korea FSS Hails Success of Online Platforms in Blocking Fraud

By Editors | 06/08/2025

Over the past year, a collaboration with Google and Kakao using AI and pre-verification has blocked over 270,000 fraudulent accounts and halved complaints about illegal ads.

Crypto / Digital Assets

Philippine SEC Issues Alert on Unregistered Crypto Platforms

By Nithya Subramanian | 06/08/2025

The Philippine SEC plans to take legal action against unregistered crypto platforms targeting Filipinos, citing risks of fraud, identity theft and money laundering.

Crypto / Digital Assets

Addressing APAC’s Informal Crypto Market: P2P & OTC Trading

By Jessica Chuah | 05/08/2025

While informal P2P and OTC markets help to boost crypto adoption in Asia, they also fuel financial crime, writes Jessica Chuah.

AML / KYC

Singapore's MinLaw Penalises More Law Firms Over AML Lapses

By Manesh Samtani | 04/08/2025

The Ministry of Law has fined three firms and reprimanded three others for AML breaches involving property deals linked to the SGD 3 billion money laundering case.

Enforcement

Philippine Lawmaker Calls for Tighter Oversight of Digital Lending Apps

By Sanday Chongo Kabange | 04/08/2025

A senior senator has called for stricter regulation of digital financial platforms, citing their links to a surge in online gambling and cybercrime.

Enforcement

HK Police Arrest 82 in HK$40 Billion Money Laundering Probe

By Editors | 04/08/2025

A triad-led syndicate is accused of defrauding banks of over HKD 1 billion and laundering proceeds from illegal activities through a trustee services firm.

Enforcement

New Zealand’s Christchurch Casino Agrees to NZD 5.06m AML Penalty

By Sanday Chongo Kabange | 04/08/2025

Christchurch Casinos admitted to seven breaches of New Zealand's AML laws following a regulatory investigation by the DIA.

Securities / Derivatives

India Mandates Digital Accessibility Across Securities Markets

By Editors | 04/08/2025

SEBI has set a strict six-month deadline for exchanges, brokers, and funds to comply with new accessibility standards following a Supreme Court ruling.