AML / KYC

AML / KYC

US Convicts Chinese Nationals for Fentanyl Precursor Shipment

By Editors | 08/02/2025

The shipment was arranged by undercover law enforcement agents who pretended to be buyers of the precursor chemicals.

AML / KYC

FATF Annual Report Highlights Crypto Loopholes as Key Threat

By Thisanka Siripala | 07/02/2025

Six years after the FATF strengthened its virtual asset standards, 97 out of 130 jurisdictions are still not fully compliant.

AML / KYC

Australian Super Advocacy Body Defends Anti-Scam Measures

By Thisanka Siripala | 06/02/2025

ASFA CEO Mary Delahunty says ASIC fails to acknowledge the proactive measures taken by the superannuation sector to tackle scams.

AML / KYC

Turkish Money Launderer Arrested in Montenegro After Singapore Deportation

By Nithya Subramanian | 06/02/2025

Vang Shuiming was arrested in Montenegro for orchestrating illegal online betting platforms targeting Chinese citizens

AML / KYC

BSP Issues Draft Rules Authorising FIs to Freeze Suspicious Funds  

By Sanday Chongo Kabange | 06/02/2025

FIs will be able to temporarily hold “disputed funds” while they initiate a process to validate the legitimacy of the transaction.

Crypto / Digital Assets

Korea to Establish Cryptocrime Division at Seoul Prosecutors’ Office

By Editors | 04/02/2025

The Seoul Prosecutors’ Office launched a Virtual Asset Crime Joint Investigation Team in July 2023. The team is being formalised as a permanent division.

Enforcement

Hong Kong Court Jails Ex-Lawmaker for Defrauding Stock Exchange

By Sanday Chongo Kabange | 04/02/2025

A father and son were jailed for concealing a backdoor listing from the stock exchange. A third individual was jailed for laundering HKD 42 million.

AML / KYC

Big Four Australian Banks Start Using ConnectID System

By Thisanka Siripala | 04/02/2025

Over 10 million customers will be able to verify their identities using ConnectID without sharing unnecessary personal information

AML / KYC

BOT Announces Enhanced Measures to Address Mule Accounts

By Manesh Samtani | 02/02/2025

The BOT also said it supports a recently approved emergency decree amendment that will establish a shared responsibility framework for FIs, telcos and users.