AML / KYC

AML / KYC

PNG Prime Minister Issues “Firm Directive” to Avert FATF Grey Listing

By Nithya Subramanian | 27/05/2025

Prime Minister James Marape told state agencies that no excuse will be tolerated for failure to implement AML/CTF reforms.

AML / KYC

Luxembourg Court Fines Edmond de Rothschild in 1MDB Case

By Nithya Subramanian | 26/05/2025

Investigations revealed that 1MDB funds wound up in accounts at the bank opened by a UAE national using offshore companies.

AML / KYC

SEBI Mandates Inclusive Digital KYC for Users With Disabilities

By Mark Johnston | 26/05/2025

SEBI has mandated that digital KYC processes be made accessible for persons with disabilities to ensure equal access to financial services.

AML / KYC

FSB Convenes Inaugural Forum on Cross-Border Payments Data

By Editors | 26/05/2025

Participants discussed initiatives that could advance the FSB recommendations for addressing data-related frictions in cross-border payments.

Enforcement

Thai Police Arrest Three Bank Employees for Aiding Scammers

By Mark Johnston | 26/05/2025

The bank employees reportedly helped Chinese scammers open bank accounts which enabled them to withdraw scam proceeds.

AML / KYC

ACCC Publishes Final Report of Job Scam Fusion Cell

By Thisanka Siripala | 25/05/2025

The fusion cell’s work resulted in the removal of over 29,000 scam accounts and the blacklisting of 836 crypto wallets.

AML / KYC

Korea, UNODC Partner to Tackle Transnational Crime

By Manesh Samtani | 25/05/2025

Korea’s National Police Agency and UNODC signed an MoU to formalise collaboration to combat transnational organised crime in Southeast Asia.

Fintech / Regtech

Six Korean Banks to Jointly Launch Digital ID Verification Service

By Nithya Subramanian | 24/05/2025

An interconnected digital identity verification service will allow customers to use a single certificate across multiple mobile banking apps.

AML / KYC

US State Officials Call on SEC to Probe Listed Chinese Firms

By Thisanka Siripala | 23/05/2025

The state officials expressed concern over “opaque” reporting, security risks, and auditing as grounds for SEC action.