AML / KYC

Fintech / Regtech

Thailand to Invest in AI-Powered Anti-Scam Data System

By Nithya Subramanian | 18/06/2025

The upgraded system will be operational in 2026. Meanwhile, recent measures to strengthen scam prevention have reduced losses, said Prasert Jantararuangtong.

AML / KYC

HK and SG Police Dismantle Cross-Border Scam Syndicate

By Sanday Chongo Kabange | 17/06/2025

The joint operation resulted in 8 arrests and seizures of HKD 18 million in SIM cards used for phone scams.

AML / KYC

JBA Implements Ban on Cash Storage in Safe Deposit Boxes

By Thisanka Siripala | 17/06/2025

Revised JBA guidance will prohibit the storage of cash in safe deposit boxes, in line with the FSA’s revised supervisory guidelines.

Enforcement

SFC Imposes Restrictions on GA (Int’l) Capital Management

By Sanday Chongo Kabange | 17/06/2025

GCML said the restriction notice has no effect on its global operations, and that the matter stems from a “third-party client violation” rather than misconduct by the firm.

AML / KYC

SBV Revises AML Rules to Secure Exit from FATF Grey List

By Sanday Chongo Kabange | 16/06/2025

The SBV is revising its AML regulations to enhance effectiveness and facilitate Vietnam’s removal from the FATF grey list.

AML / KYC

FATF Approves New Transparency Standards for Cross-Border Payments

By Manesh Samtani | 16/06/2025

The plenary also endorsed updated financial inclusion guidance to address the issue of ‘de-risking’ and agreed to publish several other reports.

AML / KYC

New Companies Transparency Law Takes Effect in Singapore

By Nithya Subramanian | 16/06/2025

All newly incorporated companies and LLPs will be required to disclose their ownership and control details.

AML / KYC

HK Customs Working With HKU to Develop Crypto Tracing Tool

By Sanday Chongo Kabange | 16/06/2025

Hong Kong Customs has partnered with HKU to create a tool for tracing illicit activities involving cryptocurrencies.

AML / KYC

Korea’s FSS Partners with Kakao to Curb Illegal Private Lending

By Thisanka Siripala | 16/06/2025

Kakao will detect and block KakaoTalk accounts being used to conduct illegal private lending and debt collection activities.