AML / KYC

AML / KYC

Myanmar’s Scam Factories: A Descent Into the Heart of Financial Darkness

By Nathan Lynch | 25/04/2025

Industrial-scale scam operations run by criminal syndicates in Myanmar present a daunting challenge to banks and law enforcement, writes Nathan Lynch.

Crypto / Digital Assets

Nearly a Third of Bybit’s Stolen Crypto is Now ‘Untraceable’

By Thisanka Siripala | 24/04/2025

Only 3.84% of the USD 1.4 billion worth of cryptocurrency stolen from Bybit in February has been frozen.

AML / KYC

GLEIF Announces New Partnership to Boost Visibility of Chinese Firms

By Mark Johnston | 24/04/2025

The initiative involves mapping the LEI to data from the Chinese business information platform known as Qichacha.

AML / KYC

JSDA Proposes Rule Changes to Enhance Insider Trading Controls

By Thisanka Siripala | 24/04/2025

The proposed changes would require firms to match customer data against a new database four times a year from May 2026.

AML / KYC

India Works to Return Confiscated Assets to Fraud Victims

By Nithya Subramanian | 24/04/2025

The Enforcement Directorate is returning confiscated assets to legitimate claimants who have suffered financial losses due to criminal activities.

AML / KYC

India Issues Rules for KYC Registration Agencies in GIFT City

By Nithya Subramanian | 24/04/2025

The regulations outline eligibility, compliance, and cybersecurity requirements for KYC Registration Agencies operating in GIFT City.

AML / KYC

US to Investigate Pre-2019 Market Manipulation in Sri Lanka

By Thisanka Siripala | 24/04/2025

US authorities will reportedly pursue prominent Sri Lankan businessmen for an alleged pump-and-dump scheme that defrauded US investors.

AML / KYC

New Zealand Announces New Anti-Scam Protections, Compensation Approach

By Sanday Chongo Kabange | 24/04/2025

If a bank fails to identify certain transactions as high-risk, it will have to compensate the customer fully.

AML / KYC

RBI Rolls Out ‘bank.in’ Domain to Guard Against Fraudsters

By Nithya Subramanian | 24/04/2025

Banks have until 31 October to migrate to a ‘.bank.in’ domain, which should help mitigate the risks of phishing, spoofing, and other cyber-related frauds.