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AML / KYC
Enforcement
Korea Launches Amnesty Programme for Financial Crime Offenders
By Nithya Subramanian | 02/05/2025
Authorities have offered leniency to those who voluntarily turn themselves in or report accomplices, with rewards of up to KRW 100 million for tips leading to arrests.
AML / KYC
FIU-IND Sets 30 June Deadline for Reverification of Crypto User KYC Data
By Manesh Samtani | 02/05/2025
FIU-IND has directed crypto exchanges to refresh their KYC data for all users whose details are older than 18 months.
Crypto / Digital Assets
Australia NASC Reports Surge in Phishing Scams, Financial Losses
By Sanday Chongo Kabange | 02/05/2025
The NASC has recorded an increase in phishing scams, resulting in losses of AUD 11.1 million from 1 January to 23 March this year.
Securities / Derivatives
JSDA, JPX Take Steps to Address Surge in Securities Account Hacks
By Manesh Samtani | 02/05/2025
JPX is establishing a special team to enhance monitoring while JSDA is working to promote MFA and establish standards for loss compensation.
AML / KYC
European Court of Justice Deems Malta’s Gold Passport Programme Illegal
By Manesh Samtani | 02/05/2025
CJEU ruled that a commercial transaction cannot be used to acquire EU citizenship. The scheme has earned Malta EUR 1.4 billion since 2015.
AML / KYC
HKMA is Intensifying its Crackdown on Scams, Laundering, Fraud
By Nathan Lynch | 02/05/2025
The HKMA is sharpening its focus on financial crime as scams and fraud complaints continue to rise, albeit at a slower pace compared to previous years.
AML / KYC
AUSTRAC to Cancel Registrations of Inactive Crypto Exchanges
By Sanday Chongo Kabange | 01/05/2025
Around a quarter of Australia’s 400-plus registered digital currency exchanges are believed to be inactive, and at risk of being co-opted by criminals.
AML / KYC
UAE Publishes New National Risk Assessment Report
By Nithya Subramanian | 01/05/2025
The report calls for stronger controls, improved due diligence, and enhanced coordination across regulated sectors.
Fintech / Regtech
Korean Authorities Mobilise After SK Telecom Hacking Incident
By Nithya Subramanian | 30/04/2025
Korea’s financial authorities have launched emergency measures to prevent identity theft and financial fraud, prompting a surge in consumer demand for account and loan blocking services.
AML / KYC
Bangladesh Probes 70 Individuals for Money Laundering Involving Dubai
By Nithya Subramanian | 29/04/2025
The individuals allegedly purchased properties in Dubai using laundered funds transferred through foreign banks.
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