AML / KYC

Sanctions

US Sanctions Myanmar’s KNA and its Leader Over Cyber Scams

By Nithya Subramanian | 07/05/2025

The sanctions were imposed for the harm KNA and its leaders caused to US citizens through cyber scam operations.

AML / KYC

Southeast Asia’s Evolving Scam Landscape: Brute Force and ‘Poly-Criminality’

By Nathan Lynch | 07/05/2025

Rebecca Miller discusses the evolution of scam centres in Southeast Asia and the role of the financial sector in combatting this crime.

AML / KYC

Japanese Securities Firms to Compensate Account Hack Victims

By Editors | 06/05/2025

Ten securities firms have agreed to compensate victims of accounts that have been hacked and used in unauthorised stock trading

Fintech / Regtech

BOT to Set Strict Standards to Curb Cyber Fraud

By Nithya Subramanian | 06/05/2025

Banks and e-money firms will be liable for damages if they don’t adopt strict anti-fraud measures such as biometric verification.

AML / KYC

The Skinny on Scams: Australia, Hong Kong, and Singapore Focus on Financial Deception

By Nathan Lynch | 06/05/2025

Nathan Lynch explores the lessons from the different approaches to managing the sophistication and scale of the burgeoning “scam industry”.

Fintech / Regtech

SEBI Consults on Framework for Orderly Exit of KYC Registration Agencies

By Nithya Subramanian | 06/05/2025

KRAs would be required to develop a Standard Operating Procedure to ensuring continuity of services in the event of voluntary exit or involuntary cessation of operations.

Fintech / Regtech

South Korea Eases Crypto Restrictions, Tightens Listing Rules

By Manesh Samtani | 05/05/2025

South Korea eases rules on virtual asset sales for NPOs and crypto exchanges while tightening listing rules to enhance market stability and investor protection.

AML / KYC

BNM Fines Two MSB Licensees for Sanctions Screening Gaps

By Editors | 04/05/2025

Merchantrade Asia and JAGS Money failed to update their sanctions databases promptly. Both have since taken remedial measures.

AML / KYC

FinCEN Moves to Cut Off Cambodia’s Huione Group from US Financial System

By Nithya Subramanian | 02/05/2025

FinCEN said Huione Group laundered over $4 billion in illicit funds linked to North Korean cyber heists and cryptocurrency scams across Southeast Asia.