AML / KYC

AML / KYC

BIS Innovation Hub Finds Promise and Limits in AI Project Hertha

By Manesh Samtani | 05/06/2025

Project Hertha used a simulated synthetic transaction dataset and showed that payment system analytics can help spot new financial crime patterns.

Fintech / Regtech

SBV Set to Tighten Corporate Account Rules to Combat Fraud

By Nithya Subramanian | 05/06/2025

Starting 1 July 2025, corporate bank accounts in Vietnam without biometric verification will be blocked from making digital transactions.

AML / KYC

UNODC Flags Money Laundering Risks as Drug Crimes Surge in Asia

By Thisanka Siripala | 05/06/2025

Drug trafficking networks are increasingly turning to underground banking and digital platforms to launder drug proceeds.

AML / KYC

Singapore Sharpens Focus on Source of Wealth Due Diligence

By Manesh Samtani | 05/06/2025

New guidelines in Singapore call for more robust source of wealth checks in banking and wealth management, experts say.

AML / KYC

Crypto ATMs in the Crosshairs, as Australia Targets Laundering, Scams and Terrorism

By Nathan Lynch | 04/06/2025

Nathan Lynch explores how Australian authorities are responding to the criminal threats associated with crypto ATMs, which proliferated during the pandemic.

Crypto / Digital Assets

AUSTRAC Cracks Down on Crypto ATM Operators

By Thisanka Siripala | 04/06/2025

AUSTRAC has imposed an A$5,000 transaction limit on cash deposits and withdrawals and other measures.

AML / KYC

Singapore Court Allows 1MDB’s $394m Claim Against BSI Bank to Proceed

By Nithya Subramanian | 04/06/2025

The court rejected BSI Bank’s bid to strike out the case, allowing 1MDB and Brazen Sky Limited to seek compensation.

AML / KYC

Scam Liability in Asia: A Spectrum of Policies, One Common Fight

By Anurag Mohapatra | 04/06/2025

Asia’s diverse anti-scam policies reflect local contexts, Anurag Mohapatra writes, highlighting the need for trust, coordination, and accountability.

Enforcement

ACMA Fines Telco for Breaching ID Verification Rules

By Sanday Chongo Kabange | 03/06/2025

Mobile numbers were inadvertently transferred to scammers, resulting in losses from consumers’ bank accounts.