AML / KYC

AML / KYC

Taiwan's New Bank-Led Anti-Fraud Platform Already Yielding Results

By Sanday Chongo Kabange | 18/08/2025

The new "Suspicious Account Early Warning Centre" relies on proactive reporting from FIs and has already led to the dismantling of major fraud rings, the FSC said.

Crypto / Digital Assets

US Sanctions Russian Crypto Firm with Central Asia Links

By Manesh Samtani | 18/08/2025

The sanctions target Garantex and successor Grinex for ransomware links, with enforcement actions spanning from Europe to Asia.

AML / KYC

Indonesia Blocked Millions of Accounts in Online Gambling Crackdown

By Editors | 16/08/2025

The move, targeting dormant accounts and e-wallets to curb illicit funds, has faced public criticism over its scope and execution.

AML / KYC

Malaysia Has Recovered Over $7 Billion in 1MDB-Linked Funds

By Editors | 15/08/2025

The government has clawed back billions from settlements with firms like Goldman Sachs, the country's finance ministry has confirmed.

Fintech / Regtech

Korea Rolls Out Real-Time Malware Alert System for FIs

By Manesh Samtani | 15/08/2025

Police will now share data on phones suspected of malicious app infections directly with banks to proactively block fraudulent transactions.

AML / KYC

RBI Revamps KYC Rules on Disability Access After Court Order

By Manesh Samtani | 15/08/2025

The RBI has issued new directives to ensure non-discriminatory access for disabled persons and has expanded due diligence requirements following a Supreme Court ruling.

AML / KYC

BIS Proposes 'Compliance Score' Framework for Crypto AML

By Manesh Samtani | 14/08/2025

The approach would leverage public blockchain data to assess illicit financing risks and place a 'duty of care' on crypto off-ramps.

Sanctions

China Sanctions Two Lithuanian Banks in Retaliation for EU Measures

By Manesh Samtani | 14/08/2025

The move bans Chinese entities from dealing with the two banks and follows EU sanctions on two Chinese lenders over Russia-related activities.

AML / KYC

GIFT City Regulator Clarifies Rules for Resident Foreign Currency Accounts

By Editors | 14/08/2025

IFSC banking units are treated as 'banks outside India' under existing forex rules, removing the need for prior regulatory approval.